SEC reasserts itself on investment-advice standards, but it’s not clear whether it will overtake DOL fiduciary rule

June 3, 2017 by Mark Schoeff Jr.

In one of his first actions as Securities and Exchange Commission chairman, Jay Clayton turned the agency’s attention to investment-advice standards, a move longed for by financial industry opponents of the Labor Department’s fiduciary duty rule. But it’s not clear whether the SEC will wrest the issue away from the DOL.

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Originally Posted at InvestmentNews on June 2, 2017 by Mark Schoeff Jr..