For some advisors, smartphones and other portable devices, are a godsend that allows them access to client data on the go. For others, it can be a nightmare.

Securities and Exchange Commission Chairwoman Elisse Walter says a proposal to apply fiduciary standards to registered reps that is already imposed upon registered investment advisors is being seriously considered by the regulator, reports AdvisorOne.

Investors’ growing appetite for yield and an aversion to traditional equities has caused a stampede into alternative investments, raising eyebrows of regulators, who say that fraud associated with sales of the products is increasing.