The SEC's Investor Advisory Committee plans to vote Friday on one of its subcommittee's recommendations on how the SEC should craft its fiduciary rule for brokers.
The draft proposal by the Investor as Purchaser Subcommittee, which is headed by Barbara Roper, director of investor protection for the Consumer Federation of America, was scheduled to come up for a vote at the Investor Advisory Committee's Oct. 10 meeting, but that was postponed because of the government shutdown.
Roper told ThinkAdvisor that the subcommittee's hope is that "by weighing in early in the [fiduciary rulemaking] process, we can help to shape the form that commission rulemaking takes."
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