Statement
Letter to the SEC in Support of Financial Professionals Be Required to Act in Their Customers' Best Interests
… Clayton, The diverse organizations listed below are united in the view that all financial professionals should be required to act in their customers’ best interests when providing personalized investment advice. We all have been strong supporters of the Department of Labor’s fiduciary rule, and we support SEC rulemaking to extend that same pro-investor standard to non-retirement accounts. We are concerned, however, that a weak SEC disclosure-based rule could be used to undermine the …