3ethos CEO Don Trone published an article for Financial Advisor magazine on the how industry should lead on the pricinciples, practices, and safe-habor needs for fiduciary regulation.
"Any discussion about moving a fiduciary standard forward will need to include three elements: 1. The principles associated with a fiduciary standard; 2. The practices associated with a fiduciary standard; and 3. Fiduciary safe-harbor procedures. There appears to be industrywide consensus on the principles; some understanding and consensus on the practices; but virtually no dialogue, understanding or consensus about how to define the safe harbor."