Regulation of Broker-Dealers: News Articles
Reactions to the Labor Department's Fiduciary Rule, WALL STREET JOURNAL, (April 6, 2016) (highlighting the varried response from broker-dealers following the announcement of the Department of Labor's final rule surrounding the increased duty placed on broker-dealers when dispensing retirement advice).
Yuka Hayashi & Anna Prior, U.S. Unveils Retirement-Savings Revamp, but With a Few Concessions to Industry, WALL STREET JOURNAL (April 6, 2016) (commenting on the Labor Department rule that would require broker-dealers that provide retirement advice to act as fiduciaries to their clients. Prior to this rule, such broker-dealers were held to a standard of suitability rather than the much more arduous fiduciary duty standard).
Richard Satran, Broker-dealers face big compliance challenge, new costs in FINRA stress tests, Financial Regulatory Forum, REUTERS (Sept. 30, 2015) (explaining and discussing FINRA's new guidance regarding liquidity risk management within broker-dealer firms. Firms have been strongly encouraged to conduct internal tests in light of FINRA's guidance on how to manage a financial crisis).