Piwowar defends SEC’s best-interest rule
May 29, 2018 by John Waggoner
Outgoing Securities and Exchange commissioner Michael Piwowar had some tart words for his fellow regulators — and occasionally for the fund industry — at the Investment Company Institute’s annual conference in Washington Thursday.
Paul Schott Stevens, the ICI’s president, questioned Mr. Piwowar about the SEC’s proposed Regulation Best Interest. “The SEC recently issued one of its highly terse and laconic 1,000-page releases—” Mr. Stevens began.
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Originally Posted at InvestmentNews on May 24, 2018 by John Waggoner.
Categories: Industry Articles