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    • Clayton: SEC left ‘fiduciary’ out of new advice rule to avoid investor confusion

    May 24, 2018 by Mark Schoeff Jr.

    Securities and Exchange Commission chairman Jay Clayton said the agency’s proposal to raise investment-advice standards for brokers doesn’t use the term “fiduciary” because it would have confused investors about the distinctions between brokers and investment advisers.

    Click HERE to read the full story via InvestmentNews; registration required. 

    Originally Posted at InvestmentNews on May 23, 2018 by Mark Schoeff Jr..

    Categories: Industry Articles
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