The SEC’s “Regulation Best Interest” Is in the Best Interest of Wall Street, Not Retirement Savers and Other Investors
by Monique Morrissey and Heidi Shierholz, Economic Policy Institute On Wednesday, the Securities and Exchange Commission (SEC) issued over 1,000 pages of proposed regulations relating to the conduct of financial professionals. Among other things, the proposals specify that brokers must act in the best interest of clients, limit the use of terms like “financial adviser,” and require financial professionals to […]