Gov. Charlie Baker Breaks With State Officials Over Mass. Fiduciary Reg
January 14, 2020 by John Hilton
Massachusetts Gov. Charlie Baker is asking the state Securities Division to pull its fiduciary proposal off the table, citing concerns it will cause “confusion” in the financial services industry.
Baker sent a letter Tuesday to Secretary of the Commonwealth William Galvin urging him to defer action on the proposed regulation. Galvin’s Securities Division conducted a hearing on the proposal Tuesday in Boston.
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Originally Posted at InsuranceNewsNet on January 8, 2020 by John Hilton.
Categories: Industry Articles