SRO to expand former MFDA project to all dealers in 2024
Margins, profits to be squeezed as consumer protections boosted
Regulators found firms are failing to identify and manage conflicts in clients' best interests
Regulator issues proposed guidance for public comment until Aug. 25
Major reforms unlikely after review finds funds resilient to market stress
Securities industry association expresses concerns with planned changes
The rule encompasses third-party apps
Proposed rules would require firms to identify and combat conflicts built into technologies
New guidelines adopt global banking regulators' standards
The organization is calling on regulators around the world to consider adopting the standards