Chet Helck, CEO of Raymond James Financial's Global Private Client Group, says the financial industry needs to remain vigilant about efforts to implement financial-transaction taxes, including state-level initiatives. "Concerns about regulations will continue for quite some time, and what comes out will impact how you do business for the rest of your lives," Helck said. He also noted that SIFMA and Raymond James are reviewing a request for comment from the Securities and Exchange Commission regarding its fiduciary-standard efforts.

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