"Divided into three primary parts, the rule and guidance package would, among other things: [1] establish a best interest standard for broker-dealers; [2] create a mandatory disclosure form summarizing brokers' and investment advisers' relationships with their clients; and [3] offer a new official interpretation affirming and clarifying the standard of conduct for investment advisers. The proposals would also restrict brokers from using the titles 'advisor' or 'adviser' in certain contexts and/or communications."  MORE >>