US SEC will ‘eliminate confusion’ over fiduciary standards post DOL disappearance

The US Securities and Exchange Commission (SEC) is preparing to 'eliminate long-standing confusion in the market for investment advice' by means of its proposed fiduciary rules, which appear bound to replace the guidelines created by the Department of Labor, but then quashed by the Fifth Circuit Court of Appeals on 7 May 2018. "The DOL rule is really dead," said Stephanie Nicolas ( pictured ), partner at Wilmerhale, speaking at the 7 th SRP Americas conference in Chicago on 24 May 2018. "It cou