SEC Commissioner Elisse Walter says the fiduciary standard should apply to all investment professionals, reports OnWallStreet.com.

The devastating tornado in the Oklahoma City area is reminding advisors of the need to have disaster plans in place that may include having backup cell phone numbers for clients and clients’ relatives, reports InvestmentNews.

Advisors who claim that investments have no fees, who fail to provide real time trading information and who generate outsized investment returns should be suspected of scamming clients, reports Dailyfinance.com.