SIFMA on the U.S. Department of Labor’s Proposed ‘Conflict of Interest’ Rule

SIFMA’s statement for the record before the Capital Markets and Government Sponsored Enterprises Subcommittee and Oversight and Investigations Subcommittee at a hearing entitled “Preserving Retirement Security and Investment Choices for All Americans.” 

In this statement, SIFMA reiterates its long-standing support of a best interest or uniform fiduciary standard of care for brokers and advisors when providing personalized investment advice, but reiterates its concern that this proposal is unworkable.

See also:

Employee Retirement Income Security Act — ERISA

Conflict of Interest Proposed Rule

SIFMA’s DOL Fiduciary Resource Center