Wall Street Journal, ‘Fiduciary Rule’ Poised for Second Life Under Trump Administration, Jan. 10, 2018

The Securities and Exchange Commission is accelerating work on its own version of the “fiduciary rule,” a regulation issued by the Labor Department that put restraints on brokers handling retirement accounts. The SEC’s effort would affect all brokerage accounts-not just those for retirement funds-and could ban brokers from calling themselves financial advisers unless they accept a strict duty of loyalty to clients.