Midterm Elections’ Outcomes Leave Financial Advisors Mostly Happy

Financial Advisor IQ
November 09, 2018

Even though Rep. Maxine Waters, D-Calif. — a vocal critic of the SEC’s proposed Regulation Best Interest — will likely take over as chair of the House Financial Services Committee, “any substantive legislation on a fiduciary advice requirement is going to run into a buzz saw” in the Senate, Duane Thompson, senior policy analyst at fiduciary training firm Fi360, tells the publication. 

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