FSI Statement on Committee Approval of Scalia Nomination

Today, the Senate Committee on Health, Education, Labor and Pensions voted to approve the nomination of Eugene Scalia to be the Secretary of the Department of Labor. Below is a comment from Financial Services Institute (FSI) President & CEO Dale Brown:

“We applaud the committee’s approval of Eugene Scalia’s nomination and look forward to working with him again in the future. His breadth of experience, knowledge and integrity will be an asset to the Department of Labor. Gene will bring an investor-focused, measured approach, including recognizing the potential for unintended consequences of rulemaking. We urge the full Senate to quickly confirm this well-qualified nominee.”

About the Financial Services Institute (FSI): The Financial Services Institute (FSI) is the only organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, through advocacy, education and public awareness, FSI has successfully promoted a more responsible regulatory environment for more than 100 independent financial services firm members and their 160,000+ affiliated financial advisors – which comprise over 60% of all producing registered representatives. We effect change through involvement in FINRA governance as well as constructive engagement in the regulatory and legislative processes, working to create a healthier regulatory environment for our members so they can provide affordable, objective advice to hard-working Main Street Americans. For more information, please visit financialservices.org.