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While a fiduciary standard seems likely, independent producers can be hopeful it wont necessitate it blowing up their business model.

Trade groups say they support the idea of the Consumer Financial Protection Bureau, but the agency has no real jurisdiction over insurers or agents.

SEC Chairman Mary Schapiro has called off a vote which might have changed the ways money market funds are calculated, following aggressive trade lobbying.

While there is a small chance that the SEC will issue a new fiduciary mandate for advisors by year-end, industry experts say it will likely take years to implement.

Financial services trade groups have asked the SEC not to pursue its proposed changes to money market funds, as they could jeopardize retirement savings.

The new watchdog says auditors are failing to provide an independent check on B/Ds' financial reporting and compliance with SEC rules

After a computer mishap led to a $440 million loss at Knight Capital Group, the SEC is speeding efforts to require exchanges to place safeguards on their systems.

User fees provide the simplest, most efficient solution to the problem of inadequate advisor oversight, the California Democrat says.