Kramer Levin provides its clients proactive, creative and pragmatic solutions that address today’s most challenging legal issues. The firm is headquartered in New York with offices in Silicon Valley and Paris and fosters a strong culture of involvement in public and community service. For more information, visit www.kramerlevin.com
Acting SEC chairman Michael Piwowar says the agency should be tasked with writing its own fiduciary rule to govern advice stockbrokers provide to retail investors.
Acting SEC chairman Michael Piwowar says the agency should be
tasked with writing its own fiduciary rule to govern advice
stockbrokers provide to retail investors. The comments suggest he
favors the industry's call to replace the Labor
Department's rule with one businesses would find less onerous,
the Wall Street Journal reports. While the Trump administration has
postponed implementation of the measure, it remains unclear whether
it plans to modify or repeal it.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
