In the Margins

Clayton on fiduciary rule: It's an SEC priority

December 1, 2017

By InvestmentNews

Securities and Exchange Commission Chairman Jay Clayton said this week the agency would make a fiduciary standard for brokers a priority, following the Department of Labor's decision Monday to delay full implementation of its fiduciary rule. "I think I've been clear, we are working on a fiduciary rule and exploring it for brokers and investment advisers," Clayton said. "It's a priority for me to address this space in light of the action that the Department of Labor took to step into this space." Read the original story from InvestmentNews.

 

 

Most Read

Top of the Agenda - Compensation
IDC director study: 2019 pay relatively unchanged

New data from Independent Directors Council suggests that most independent mutual fund directors did not see much of a bump in compensation in 2019, with year-on-year ...