Both former brokers settled and refused to testify.
Technology spending has edged out spending on business growth as the top priority for registered investment advisers, according to a recent survey.
Plus: Bank stocks and the election, how the DOL rule could hit adviser pay, and seven 'stupid' ETFs
The former commissioner began a seven-year stint just as the financial crisis began.
Mr. Rostad says RIAs should be much more proactive when it comes to fiduciary.
Industry executives see the potential for changes to the rule, but say firms would be wise to continue to work toward the scheduled April implementation.
<i>Breakfast with Benjamin</i> Plan to default on $1 billion worth of general obligation bonds has markets on alert.
While passive investing and the DOL fiduciary rule have contributed to investors' cost sensitivity, the advice industry has managed to stay outside the fray &mdash; so far.
Founders of The Filla Latzke Group pull stakes
Analysts, advisers struggle with when, where and why to use alts
