A year after launching its self-examination, the regulator is getting both praise for its efforts and calls for more concrete results.
Potential pitfalls include lack of detail on best-interest standard, demarcation between sales and advice.
Massive interest group has concerns the Labor Department will not request a rehearing of its vacated regulation by April 30 deadline.
The state attorneys general and AARP are asking for the full 5th Circuit Court of Appeals to rehear the case.
Critics say the changes so far don't go far enough.
Under new rule, brokers would not have to have control of account to be found liable.
Experts say advisers will be able to point to their role as fiduciaries as a differentiator in the advice market.
Required policies, procedures give the regulator a way to gauge brokers' follow through on mitigating conflicts.
Commission says a lot of work ahead, public will have 90 days to comment.
Chairman Jay Clayton will initiate momentous action Wednesday, as the commission meets to debate a rule on broker and adviser standards.
