Daily Archives: December 10, 2019, 11:49 am

SEC member Robert Jackson calls out critics of agency ‘rulemaking by enforcement’

Brokerage industry advocates have accused the SEC of launching enforcement on share class selection before explaining what it expected from firms on fee disclosure. Instead, they say, the agency started with enforcement. They decry it as rulemaking — or regulation — by enforcement. Last week, SEC member Robert Jackson Jr. said he’s getting tired of that criticism. Actually, he used…

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