In the Margins

SEC's Clayton says fiduciary rule is a priority

July 13, 2017

By InvestmentNews

Securities and Exchange Commission Chairman Jay Clayton said Wednesday that a fiduciary rule is one of his priorities and that he would like to work with the Labor Department on an advice standard. "With the Department of Labor's fiduciary rule now partially in effect, it is important that the Commission make all reasonable efforts to bring clarity and consistency in this area," Clayton said in a speech at the Economic Club of New York. "It is my hope that we can act in concert with our colleagues at the Department of Labor in a way that best serves the long-term interests of Mr. and Ms. 401(k)." Read the original story from InvestmentNews.

 

 

Most Read

A Seat at the Table
IDC's Kim aims to expand, improve membership

In his new role heading up Independent Directors Council, Thomas Kim plans to focus on the group's core mission while expanding its presence and influence. "As ...