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.”
Related Posts
Marc Squires Elected to FSI Board of Directors
The Financial Services Institute (FSI) today announced the election of Marc Squires, Head of Wealth and Brokerage Platforms, Fidelity Institutional, to its Board of Directors.
Read MoreFSI Applauds Development and Rollout of SEC’s Regulation Best Interest as Crucial New Rule Goes Into Effect
This critical new rule represents a tremendous step forward in protecting Main Street American investors, increasing transparency and reducing confusion as to the obligations of financial professionals.
Read MoreFSI Statement on DOL’s Proposed Exemption for Investment Advice Fiduciaries
Encourages alignment with SEC’s Reg BI and preserving investor choice Today, the Department of Labor (DOL) released a proposed exemption …
Read More