Recently confirmed SEC chairman Jay Clayton released a request for comment from retail investors and other stakeholders regarding investment advice standards. While the Department of Labor's Fiduciary Rule is set to begin implementation on June 9, it also faces a review under the direction of President Donald Trump and has been criticized as encroaching on the SEC's regulatory jurisdiction. The financial industry, which has been largely critical of the rule, welcomed the new SEC chairman's invitation to provide feedback. Comments can be submitted to the SEC via webform or email.
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