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

Top of the Agenda - Governance
ASA board enlarged, timeline to AGM unclear

ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...