News | 04.09.19
SEC's Clayton: Economic Analysis Won't Stop Best Interest Rule
SEC Chair Jay Clayton said he is convinced that an economic analysis that must accompany the agency's proposed “best interest” regulation won't derail the final adoption of the rules. Speaking at al conference, Clayton emphasized that finalizing the rules is a top priority for him. He declined to say whether he might wait to vote on the rules until Allison Lee is confirmed by the Senate to be a Democratic commissioner. InvestmentNews, meanwhile, reports that SEC Commissioner Robert Jackson Jr. urged his colleagues to approve the regulation across party lines so that it can withstand court challenges.
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