The Goldman Sachs Group v. Sjunde Ap-Fonden
Court: U.S. Court of Appeals (Second Circuit) (Rule 23(f) petition) Amicus Issue: What is the legal standard in class certification…
Summary
Testimony of Kenneth E. Bentsen, Jr., President and CEO, SIFMA before the United States Department of Labor (DOL) on a proposed ‘Conflict of Interest’ rule.
SIFMA’s testimony outlines our concerns with the proposed rule and its potentially harmful impact on investors, while reiterating our longstanding support of a best interest or uniform fiduciary standard of care for brokers and advisors when providing personalized investment advice.
See Also:
- U.S. DOL Public Hearing Agenda – Conflict of Interest Proposed Rule
- SIFMA’s Press Release: SIFMA’s Bentsen Raises Concerns with Proposed Retirement Regulation at DOL Hearing (August 10, 2015)
- SIFMA’s Comments to the DOL on Its Fiduciary Rule Proposal – Executive Summary (July 20, 2015)
- SIFMA’s DOL Fiduciary Resource Center
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