SEC chimes in on DOL

Printed with permission from FINSUM

“Those hoping the fiduciary rule, which has been effectively frozen by Donald Trump, was headed for a speedy and clean end are going to be disappointed by this article. The CEO of FINRA, Robert Cook, warned yesterday that even if the DOL’s rule is killed, that his organization and the SEC could step in to the “fill the gap”. Under the Dodd-Frank Act of 2010, the SEC has the power to set its own fiduciary standard, but it has not done so yet.”  For complete article, CLICK HERE

Author: STALA

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