Independent Broker-Dealers Facing a Number of Looming Regulatory Changes

January 26, 2016

Coming 12 to 24 months could divide the industry into winners and losers — firms that will be able to adapt, and those that might fall by the wayside

Jan 24, 2016 @ 12:01 am | By Bruce Kelly | Investment News

Independent broker-dealers are facing a number of regulatory changes over the coming 12 to 24 months that could divide the industry into winners and losers — firms that will be able to adapt and become stronger and those that won’t and might fall by the wayside.

The changes include the pending Department of Labor fiduciary rule for retirement accounts, which could drastically increase business costs for IBDs; the continued decrease in commissions from a slowdown in the sale of high-priced nontraded real estate investment trusts due to an industry account-statement rule to take effect in April; and a growing focus by individual states on enacting legislation that would make it mandatory for financial services professionals to report elder abuse.


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John E. Moriarty, ChFC
December 2015
February 3, 2016

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