SEC forging ahead on fiduciary rule despite DOL rule decision in 5th Circuit
March 20, 2018 by Mark Schoeff Jr.
Securities and Exchange Commission Chairman Jay Clayton said Monday that the agency is moving forward on a fiduciary rule and its work would not be affected by a court decision last week that struck down a similar Labor Department regulation.
On Thursday, the 5th Circuit Court of Appeals vacated the DOL fiduciary rule, which requires brokers to act in the best interests of their clients in retirement accounts.
Click HERE to read the full story via InvestmentNews; registration required.
Originally Posted at InvestmentNews on March 19, 2018 by Mark Schoeff Jr..
Categories: Industry Articles
