In the Margins

SEC conflict rules draw criticism

April 20, 2018

By The Wall Street Journal

Many investor advocates say new investment advice rules proposed by the Securities and Exchange Commission this week fall short of the standard they are likely to replace. “It covers more money because it’s not limited to the small wedge of retirement assets,” said Erin Sweeney, an attorney at Miller & Chevalier Chartered who specializes in fiduciary matters. But she said the SEC rule wouldn’t force investment advisers to put client interests first. Instead, it would likely resemble the “suitability” standard brokers were held to before the Labor Department raised the standard of care for retirement accounts. Read the original story from The Wall Street Journal.



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