02.12.19
SEC Advice Rule Proposal Assailed by Former Agency Economists
The SEC's plan for overhauling broker conflict-of-interest rules is coming under fire from a group of its former top economists. In a comment letter, 11 former SEC officials faulted the proposal, citing what they called "weak and incomplete" economic analysis. "We find it worrisome that the proposal's economic analysis does not fully consider some potentially important dimensions of the retail client-advisor relationship," the officials wrote in the letter.
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