SEC’s proposed advice rule is about as clear as mud
September 23, 2018 by InvestmentNews Editorials
The effort by the Securities and Exchange Commission to clarify for consumers the differing standards of financial professionals could be all for naught.
While we give the SEC credit for attempting to salvage some of the momentum and investor-protection aspects of the Department of Labor’s failed fiduciary rule, the current advice-reform package threatens to introduce a new quandary for investors.
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Originally Posted at InvestmentNews on September 22, 2018 by InvestmentNews Editorials.
Categories: Industry Articles