FINRA will track compliance with Labor’s fiduciary rule

The Financial Industry Regulatory Authority will monitor disclosure from securities firms to determine whether advisers are giving retirement advice that's in clients' best interest. The Labor Department's fiduciary rule requires that, and while FINRA cannot enforce the rule, it can "look and see whether firms are dealing fairly with their customers and not misleading their customers," said FINRA CEO Richard Ketchum.

WealthManagement.com (U.S.)/Reuters