Statement from Senator Warren on SEC Rule Proposal

Washington, DC - United States Senator Elizabeth Warren (D-Mass.) today issued the following statement on the SEC’s proposed standards of conduct rule:

“The SEC proposal will do little to help families losing billions of dollars a year to conflicted financial professionals,” said Senator Warren.  “I share Commissioner Stein’s concerns that the proposal doesn’t clearly require brokers to put their client’s interest first or eliminate obvious conflicts of interest.  The Commission must prohibit these bad practices if it’s serious about protecting working families.”

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