Panel: Let’s Hope The SEC Takes Charge Of ‘Best Interest’ Movement
April 2, 2019 by John Hilton
BALTIMORE — The Securities and Exchange Commission has been very deliberate with its Regulation Best Interest, which was tentatively adopted last April.
Since then, not a lot has happened as the SEC collects comments and tinkers with the rule behind closed doors. But there may be a method to their madness, said Carl Wilkerson, vice president and chief counsel, securities, for the American Council of Life Insurers.
Wilkerson moderated a panel discussion on best-interest regulation in “a post-DOL Rule world.” The Department of Labor fiduciary rule was tossed out one year ago by a federal appeals court.
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