News | 03.14.19
Firms Push SEC to Finish Investment Advice Rule, Fearing Efforts by States
Financial firms are pressing the SEC to quickly finalize investment advice regulations to head off attempts by states to write tougher rules of their own. As a House Financial Services subcommittee prepares to hold a hearing Thursday featuring critics calling on the SEC to strengthen its Regulation Best Interest, industry representatives said the regulator should keep going. House lawmakers on Thursday will hear testimony from AARP and other consumer advocates, who want the SEC proposal rewritten to make it easier for people to understand.
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