Massachusetts Dealing With Flood Of Comments On Fiduciary Proposal
February 5, 2020 by John Hilton
Work continues on a fiduciary rule proposed by the Massachusetts Securities Division despite a late flood of comments from around the country.
The letter-writing campaign added to the rule opposition, which includes trade associations as well as Gov. Charlie Baker, R. A spokeswoman for Secretary of the Commonwealth William Galvin said a final rule could include changes, but nothing has been decided.
The Securities Division posted 227 comment letters last week, three weeks after the comment deadline.