Write a 750-1,000 word paper demonstrating an overview of regulatory history and the current regulatory environment. The paper should contain the following two parts:

1. History of regulatory environment: Consider the various events that occurred that have prompted change in regulations. Within this section, choose at least three specific events from different decades that led to various changes in regulations, such as acts. Within your paper, discuss the new acts or regulations that arose due to those events. Within the discussion, incorporate the role of ethical behavior in the world of investment.
2. Current regulatory environment: Contemplate the responsibilities of today's wealth manager. What licenses and designations are required to be able to advise in an ethical and meaningful way? Within this discussion, tie in fiduciary aspects, such as roles and responsibilities. Consider how CFP (CFA, Series 7) ties into this discussion. Lastly, what are the steps a wealth manager should take to ensure ethical and responsible behavior?