Print this page

Estimated reading time: 0 minutes, 27 seconds

SEC Fiduciary Rule Won’t Happen During Obama Presidency

Sunday, Jun 19 2016
Regulatory & Compliance
Written by  PFA News

The Securities and Exchange Commission is unlikely to adopt a uniform fiduciary standard prior to the end of the Obama presidency. In the meantime, the regulator will observe the Department of Labor’s fiduciary rule, says SEC Chief Mary Jo White. So reports ThinkAdvisor.

White, who discussed the matter before a Senate Banking Committee on oversight of the SEC, also said the Committee’s recent SEC budget, which is less than proposed by Obama, will imperil the regulator’s progress.

Read the full article from ThinkAdvisor.

Read 5897 times
Rate this item
(0 votes)