Biden win could open the door for Reg BI revamp
October 14, 2020 by Kenneth Corbin
The future of advice regulation could be on the ballot as the presidential election heads into the final stretch, according to fiduciary advocates and industry groups.
To be sure, neither President Donald Trump nor former Vice President Joe Biden is campaigning on how their SEC or Department of Labor would regulate investment advisors and brokers, but industry insiders point to different philosophies between the candidates that could broadly shape how regulators handle the wealth management sector, a topic that has been the subject of contentious debate in recent years.
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