(Washington)
There is some good news bubbling on the recently-quiet fiduciary rule front. Rumor has it that the SEC is working on its own new fiduciary rule and will have it done before the current DOL rule is due to be implemented in mid-2019. At least that is the opinion of SIFMA, whose CEO made public comments in a press conference in New York yesterday.
FINSUM : We favor this idea, but do have doubts about just how committed the SEC really is. When Clayton first started, the SEC was very eager about developing a new rule. However, throughout the second half of this year there seems to have been a slow fading of interest and commitment. Only time will tell.
- SEC
- DoL
- fiduciary rule
- commissions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
