News | 05.30.19
Wall Street Sees a Win in SEC's Crackdown on Broker Conflicts
The SEC is poised to approve new requirements for selling assets after brokers fended off the government's attempts to restrict "shady" practices for almost a decade. But investor advocates are concerned the regulations fall short of what's needed to prevent firms from taking advantage of clients, a worry underscored by the industry's support of the SEC's effort. The SEC rules are viewed by some as being softer than Obama-era limits that were successfully blocked, and Wall Street would rather have an SEC chief appointed by a President Donald Trump set policies than take its chances with what might happen should a Democrat win the White House in 2020.
Read the full article on Bloomberg