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SEC Makes New Fiduciary Rule a Top Priority


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SEC Makes New Fiduciary Rule a Top Priority

(Washington)

Just a day after the 18-month delay of the fiduciary rule became official, SEC Chairman Jay Clayton made an important announcement on the issue. Speaking yesterday, Clayton made clear that the SEC was going to do something about the fiduciary rule. He said "It's a priority for me to address this space in light of the action that the Department of Labor took to step into this space", continuing "I think we belong in this space … And we should try and produce a rule, that, when investors see it, they are happy with".

FINSUM : These are important comments as over the last month there seemed to have been a loss of momentum at the SEC over whether it was really going to do anything regarding the rule.

  • SEC
  • DoL
  • fiduciary rule
  • delay

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This article appears in: Investing , Wealth Management


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