‘There’s More Work To Be Done:’ Reg BI Faces Criticism At Congressional Hearing
March 20, 2019 by Cassie Miller
The Security and Exchange Commission’s Regulation Best Interest standard was able to find some agreement among representatives at a congressional committee hearing– the rule still needs work.
The partisan split appeared over the degree of change that Reg BI needs, with Republicans suggesting adjustments and Democrats demanding an overhaul, during a two-hour hearing on March 14 before the House Subcommittee on Investor Protection, Entrepreneurship and Capital Markets.
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Originally Posted at InsuranceNewsNet on March 19, 2019 by Cassie Miller.
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