DOL Fiduciary and its Impact on other industries.
http://www.investmentnews.com/articl...advice-and-the
The DOL rule doesn't ban commissions or revenue sharing, but it requires advisers who accept them to have clients sign a best interest contract exemption, or BICE. It pledges the adviser will act in the client's best interests and only earn “reasonable” compensation. The exemption also must disclose information to clients about fees and conflicts of interest.
Investors with such a contract in place will be able to sue their advisers in court if they believe their interests haven't come first.
(** e.g. not recieving 3% amex rates**)