FSI Statement on Senate Confirmation of Scalia for Secretary of Labor

September 26, 2019

Today, the U.S. Senate confirmed Eugene Scalia to be Secretary of Labor. Below is a statement from Financial Services Institute (FSI) President & CEO Dale Brown on the confirmation:

“We applaud the U.S. Senate for confirming Eugene Scalia as Secretary of Labor. He will bring an investor-focused, measured approach to his role leading the Department of Labor, and with his experience, be able to recognize the potential for unintended consequences of rulemaking. We look forward to working with him and the Department staff.”

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.