WASHINGTON— Republicans seem to be trying to starve the U.S. Securities and Exchange Commission of the resources it needs to police the sale of investment products, Rep. Gary Peters said today at the fiduciary standard hearing.
A Democratic member of the House Financial Services Committee today defended the Securities and Exchange Commission, arguing that Republicans "seem unwilling" to provide the agency with the resources to properly police sale of investment products.
Rep. Gary Peters, D-Mich., said during a hearing on the fiduciary standard today that, "Consumers are not being served if they're not receiving access to investment quality advice."
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