Estimated reading time: 0 minutes, 22 seconds
States Prepare to Oppose Best Interest Reg
In a development that could lead to litigation, a group of 17 state attorney generals alleges that the Securities and Exchange Commission's proposed "best interest" regulation has egregious deficiencies. So reports RIABiz.
Those deficiencies include failing to hold broker-dealers to the fiduciary standard. The regulatory powers of attorney generals could allow the group to sue the SEC if the regulation falls short of its intended goal of protecting investors.
Most Read
-
-
Feb 21 2011
-
Written by Administrator
Add us to your Safe Sender list: We want to…
-
-
-
Nov 07 2012
-
Written by Administrator
Progressive Media Group Subscription Agreement This agreement states the general…
-
-
-
Mar 09 2013
-
Written by Staff Writer
While market bulls are understandably cheering the ongoing equity rally…
-
-
-
Nov 07 2012
-
Written by Administrator
Welcome We’re glad you chose to visit a Progressive Media…
-