NAIFA CEO Kevin Mayeux recently participated in an InvestmentNews
Regulatory Roundtable. As part of the event, he recorded a video, "What's Next for the Fiduciary Rule?"
He told InvestmentNews
that the Department of Labor is reviewing its fiduciary rule, and it seems likely that problems with the rule uncovered by the review will lead to "substantive change."
"There will be some sort of regulation put in place that says basically that everyone should act in the best interests of their clients," Mayeux says. "And we firmly believe that at NAIFA, and we think our advisors do that every single day."
You can watch the entire two-minute video on the InvestmentNews site.