SEC panel pushes strengthening Regulation Best Interest, in line with a fiduciary duty
November 1, 2018 by Jeff Benjamin
The Securities and Exchange Commission’s Investor Advisory Committee is pushing to “strengthen and clarify” rules requiring broker-dealers to act in the best interest of investors, potentially sharpening the rules to take the form of a fiduciary duty.
The IAC, a volunteer committee designed to represent the interests of ordinary investors, is scheduled to vote Nov. 7 on recommendations it believes will improve the SEC’s Regulation Best Interest.
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Originally Posted at InvestmentNews on November 1, 2018 by Jeff Benjamin.
Categories: Industry Articles