Clayton promises ‘not to take forever’ on SEC advice rule

June 5, 2018 by Mark Schoeff Jr.

Securities and Exchange Commission chairman Jay Clayton said Tuesday the agency is “not going to take forever” to complete investment advice reform regulations, but declined to say whether he’s willing to extend the comment deadline on the package.

In testimony before a Senate Appropriations subcommittee, Mr. Clayton did not provide a time line for completion of the proposal, which was released in April and has an Aug. 7 comment deadline.

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Originally Posted at InvestmentNews on June 5, 2018 by Mark Schoeff Jr..