House Committee Passes Fiduciary Rule Alternative
October 13, 2017 by John Hilton
The House Financial Services Committee approved The Protecting Advice for Small Savers (PASS) Act of 2017, legislation introduced by Rep. Ann Wagner, R-Mo.
The bill establishes a standard of conduct for broker dealers that would be enforced by the SEC. Passed out of committee Thursday, the legislation also encourages state insurance regulators to adopt a similar standard for the sale of annuities.
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Originally Posted at InsuranceNewsNet on October 13, 2017 by John Hilton.
Categories: Industry Articles