Fate of fiduciary rule rides on regulators’ political savvy
Acting Securities and Exchange Commission Chairman Michael Piwowar outlines ways to help 'forgotten investor,' but fiduciary duty is conspicuously absent.
Politics and policy are inextricably linked in Washington. The former is always required to make any substantive advances in the latter. Regulation of financial advice is primary example — and two recent developments show why.
On Friday, Securities and Exchange Commission Acting Chairman Mic
Learn more about reprints and licensing for this article.