SEC panel pushes strengthening Regulation Best Interest, in line with a fiduciary duty
InvestmentNewsNovember 01, 2018
Duane Thompson, senior policy analyst at fi360, said it's important to keep the IAC's recommendations in context with how much influence the committee really has.
"I'm sure the SEC appreciates all the recommendations, but that doesn't mean they always follow the advice," he said. "A couple years ago this same committee recommended uniform fiduciary duty, and the commission probably appreciated their advice, but they obviously did not adopt their advice."
