The SEC is slated to roll out its own fiduciary rule for advisers next April, but some in the financial services industry are skeptical the commission will adhere to its own timeline or push through a final rule before Chairwoman Mary Jo White departs.
“The SEC is notorious for blowing through rule-making deadlines—both congressionally mandated and self-imposed, such as this,” says Micah Hauptman, financial services counsel at the Consumer Federation of America.
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