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SEC Votes to Seek Comment on Broker Best-Interest Requirement - Bloomberg

April 18, 2018 5:32 PM EDT

SEC Votes to Seek Comment on Broker Best-Interest Requirement - Bloomberg

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SEC Said to Consider Proposing Broker Best-Interest Standard, Stop Short of Requiring Brokers be Fiduciaries - Bloomberg

April 18, 2018 10:42 AM EDT

(Updated - April 18, 2018 10:47 AM EDT)

The SEC is poised to rewrite the fiduciary rule dreaded by brokers, according to Bloomberg. Officials appointed by President Trump are looking to replace regulations with a lighter touch.

The new approach will be unveiled Wednesday by the SEC.

Sources told... More