Regulation of Broker-Dealers: Government Sources
Department of Labor, Definition of the Term "Fiduciary"; Conflict of Interest Rule--Retirement Investment Advice, Federal Register, (April 8, 2016) (this is the final text of the Department of Labor's rule changing a broker-dealer's duty from one of suitability to one of fiduciary care when providing retirement advice).
John J. Topoleski & Gary Shorter, Department of Labor's 2015 Proposed Fiduciary Rule: Background and Issues, Congressional Research Service, (April 1, 2016) (Explaining the Department of Labor's proposal to amend the definition of Investment Advise to be more inclusive so as to capture broker-dealers who advise clients with respect to retirement. This announcement also discusses bills that have been introduced to counteract the Department of Labor proposal prior to its enactment. The report highlights the contentious nature of the proposed Rule).
Fact Sheet, Department of Labor Proposes Rule to Address Conflicts of Interest in Retirement Advice, Saving Middle-Class Families Billions of Dollars Every Year, Department of Labor, (highlighting the key features of the Department of Labor's proposal to place a fiduciary duty on broker-dealers who dispense retirement advice to clients. At the conclusion of the fact sheet, the Government highlights the key differences between this proposal and the original made in 2010).