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SEC nominee Peirce concerned about agency’s lack of input on DOL fiduciary

March 16, 2016

Mar 15, 2016 @ 1:56 pm | By Mark Schoeff Jr. | Investment News

One of the nominees to become an SEC commissioner expressed concern Tuesday that the agency has not had appropriate input into a Labor Department rule on investment advice.

In a confirmation hearing before the Senate Banking Committee, Hester Peirce said she hasn’t had a chance to read the DOL measure, but is uneasy about the way it was put together.

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Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.