Luis Aguilar, Ron Carson Join Institute for the Fiduciary Standard Advisory Board

In an email, Rostad said that Aguilar's "ongoing counsel, as the most experienced former SEC commissioner," has already been "very valuable to the Institute," saying he has "already spoken out" in favor of the Institute's fiduciary best practices affirmation program.

Rostad released a statement from the founder and CEO of the Carson Group in which Carson said "putting our clients' interests ahead of our own has always been the underlying focus of our firm."

Carson continued by saying he is "excited to play a part in advancing that inspiring mission" by joining the Institute's National Board of Advisors. "It's our responsibility, as advisors," he said, "to answer the call for complete transparency, and the Institute for the Fiduciary Standard's Best Practices Affirmation Program will play a fundamental role in that endeavor."

— Check out What DOL Fiduciary Victory Feels Like: The Texas Court Decision by Knut Rostad on ThinkAdvisor.