While the regulatory and legislative landscapes remain sketchy until after the Nov. 6 election, industry officials say there are some fairly sure bets advisors can count on.
For starters, the Securities and Exchange Commission's fiduciary rule will maintain momentum regardless of a President Obama or Gov. Mitt Romney win, but the Department of Labor's fiduciary rule won't see the light of day under a Romney administration.
Other certainties are that legislation to create a self-regulatory organization to examine advisors will most likely be reintroduced in the next Congress regardless of an Obama or Romney victory, and sections of the Dodd-Frank Act will face challenges moving forward under both a Republican and Democratic White House and Congress.
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