New York, California, Six A.G Sue SEC to Challenge Rule Blessing Broker-Dealers Who Give Financial Advice Not in Best Interest of Consumer Clients
September 10, 2019
September 10, 2019
SACRAMENTO, California, Sept. 10 -- California Attorney General Xavier Becerra issued the following news release:
Today, California Attorney General Xavier Becerra joined New York in a coalition of eight attorneys general filing a lawsuit to challenge the Security and Exchange Commission's (SEC) new rule allowing broker-dealers to continue providing conflicted advice to investors. The rule in question -- the so-called Best Interest Rule -- would allow broker-dealers to continue prom . . .
Today, California Attorney General Xavier Becerra joined New York in a coalition of eight attorneys general filing a lawsuit to challenge the Security and Exchange Commission's (SEC) new rule allowing broker-dealers to continue providing conflicted advice to investors. The rule in question -- the so-called Best Interest Rule -- would allow broker-dealers to continue prom . . .