Fallout over the draft Nevada fiduciary regulation?

Financial Advisor IQ is reporting that Morgan Stanley and Wells Fargo “are among several brokerages threatening to cut down or eliminate their services in Nevada if the state goes through with its plans for a state-level fiduciary rule….”  Charles Schwab, Edward Jones and TD Ameritrade are also reportedly willing to limit investment information provided to investors in Nevada should the regulation move to a final stage.