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Wall Street Brokers Risk Losing Billions in Fees on SEC Shift
News May 08, 2025 at 10:32 AM
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What You Need To Know
- A potential regulatory shift in favor of the ETF industry is expected to shake up the business models.
- Wirehouses and BDs risk losing between $15 billion and $30 billion a year in fees.
- These losses are possible if the SEC allows mutual fund managers to add an exchange-traded share class to the funds they operate.
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