SIFMA dismissed New Jersey's proposal to create a state fiduciary standard, calling a federal standard the "optimal approach," as compared to the "uneven patchwork" of state laws.

SIFMA summarized the SEC's "Regulation Best Interest" rulemaking package.

SEC Commissioner Hester Peirce urged critics "to take a fair look at what [Regulation Best Interest] says before . . . proclaim[ing] it a success or failure" and committed the agency to closely monitoring the implementation of the new rule.

Cadwalader attorneys authored a memorandum on newly adopted Regulation Best Interest, which is intended to expand the duties that broker-dealers owe to retail investors.

The SEC adopted a rulemaking package designed to enhance retail investors' protections when dealing with broker-dealers and investment advisers.

The U.S. House of Representatives passed the Consumers First Act, a bill intended to reverse or modify certain "anti-consumer" actions implemented by the CFPB.

A broker-dealer and a firm executive agreed to settle FINRA charges for supervisory failures concerning excessive and unsuitable trading.

The North American Securities Administrators Association warned investors of the risks associated with "cross-selling."

The New Jersey Bureau of Securities proposed a uniform fiduciary standard for financial professionals.

IOSCO issued a report on behavioral insights that could be used to improve the efficacy of retail investor protection.