SEC should follow the Labor Department’s fiduciary standard

August 28, 2017

A movement in Congress led by Missouri Republican Rep. Ann Wagner has threatened to kill the DOL rule in its entirety in favor of something coming out of the SEC at a future date. Indeed, the SEC cannot truly act alone— it lacks authority over insurance products, such as variable annuities, covered by the DOL rule that are known for high fees and surrender charges that may leave retirees worse off than before.

Read the full piece at Market Watch:

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