FINRA Could Step In If DOL Fiduciary Rule Is Repealed–And That’s Good News – Focus on Funds – Barrons.com

Even in a best-case scenario for brokers, in which the new administration succeeds in repealing the DOL’s fiduciary rule and the SEC doesn’t pursue a version of its own, FINRA could still step in to impose its own rule, as it’s free from pressure from the president. (FINRA was of course on record as against the DOL’s fiduciary rule, but that was because it objected to specific aspects of it, not because it rejected the idea altogether.)

via FINRA Could Step In If DOL Fiduciary Rule Is Repealed–And That’s Good News – Focus on Funds – Barrons.com