Should the SEC Step in Where the DOL Has Faltered? Ed Klees Quoted in Financial Advisor IQ

In an article published on Feb. 22, 2017 by Financial Advisor IQ, Ed Klees offers insight to whether the Trump administration will end up quashing the Department of Labor’s new fiduciary rule for retirement accounts. Klees details that the rule doesn’t strike him as antithetical to Trump’s campaign messaging. He emphasizes that it’s unlikely the matter of extending the fiduciary standard. FAs will be passed to the SEC to re-access under its Dodd-Frank mandate – “not given the proximity to an executive order to re-evaluate Dodd-Frank itself.” For the full article, subscribers may click here.