SEC Nominees Say Fiduciary Rule Isn’t Top Priority
Mike Rounds, R- S.D., who called Labor’s fiduciary rule “fundamentally flawed,” and stated that a fiduciary rule “should have been done at the SEC.” Jackson, a Democrat, expressing his first public views on a fiduciary rule, responded that the SEC “should have an important role in the development of these fiduciary standards; it is a natural area for the SEC to do a…
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