{"id":13571,"date":"2017-04-27T12:35:08","date_gmt":"2017-04-27T16:35:08","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=13571"},"modified":"2017-04-27T13:50:40","modified_gmt":"2017-04-27T17:50:40","slug":"sec-fiduciary-rule-becomes-an-increasing-possibility","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/sec-fiduciary-rule-becomes-an-increasing-possibility\/","title":{"rendered":"SEC Fiduciary Rule Becomes an Increasing Possibility"},"content":{"rendered":"
April 24, 2017 | Financial Advisor IQ<\/p>\n
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The SEC<\/b>\u2019s acting chairman believes the commission should spearhead a fiduciary rule in place of the Department of Labor<\/b>\u2019s version, the Wall Street Journal writes.<\/p>\n
The SEC needs \u201cto take the opportunity to fill that space,\u201d Michael Piwowar<\/b> said at a Mutual Fund Directors Forum<\/b> conference Friday, the Journal reports. The DOL\u2019s fiduciary rule is presently delayed until at least June.<\/p>\n
The acting chairman also said he will discuss next steps for the SEC version of the rule with Jay Clayton<\/b>, president Donald Trump\u2019s nominee to lead the SEC, and whose full-Senate<\/b> confirmation could come as soon as May, the paper writes.<\/p>\n