Fiduciary Rule: Collision between the SEC and DOL?

  • November 25, 2015

Philippe Plageman

The SEC just established an October 2016 date for a Notice of Proposed Rule Making on the Fiduciary Rule for broker-dealers and investment advisors. Under normal circumstances, the SEC has jurisdiction over IRA rollovers, an area that the Department of Labor has made a part of its Fiduciary rule.

Will this cause a collision between the SEC and the DOL? Will this force the DOL to slow down its proposal and work on “harmonization” of the two rules?

A quick overview from NAPA Net

SEC announcement

What are your thoughts on this initiative?

Philippe Plageman
Director of Market Research and Product Management
Fluent Technologies
Smart data that speaks to your markets

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