No Commissions: could that happen here? The Financial Services Authority (FSA)–which regulates UK financial services–proposed on June 25 a ban on commissions, as well as other provisions intended to “build people’s trust and confidence in the retail investment market.” Read more.

More Editor’s Choice for July 6. Comments? Please send them to kmcbride@wealthmanagerweb.com

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WealthManagerWeb is delighted to introduce a new blog on re-regulation and compliance by Knut A. Rostad.

Talking the “Fiduciary Talk” in Washington: Some words are clear enough. The Obama Administration proposes that brokers giving investment advice should meet a fiduciary standard. SEC Chairman Mary Schapiro states strong support for a fiduciary standard. What is not clear is how these expressions of fiduciary support will translate into legislation. Longstanding industry opposition will not just go home. For more click here.