FSI Statement on SEC’s Best Interest Proposal Outline

Today, the Securities and Exchange Commission (SEC) outlined its Best Interest Rule proposal. Below is a statement from FSI President & CEO Dale Brown:

“We are encouraged the SEC has taken this critical first step towards protecting investors and are studying the outline of the proposal. We have urged the Commission to create a uniform best interest standard since 2009 – before Dodd-Frank became law. Our members are fully dedicated to protecting investors. Once the proposal is released, we will provide constructive comments to the SEC, to ensure the final standard both puts clients first and provides them a thriving industry to help them achieve their financial goals.”