Securities and Exchange Commission Chairman Jay Clayton saidThursday that the agency is seeking comment on a laundry list of issues toinform “possible future actions” by the agency on fiduciary duty rulemaking.

Noting Labor Secretary R. Alexander Acosta’s recentannouncement that Labor’s June 9 compliance date will move forward,Clayton said that the rule “may have significant effects on retailinvestors and entities regulated by the SEC,” as well as “broadereffects on our capital markets. Many of these matters fallwithin the SEC's mission of protecting investors; maintaining fair,orderly, and efficient markets; and facilitating capitalformation.”

Clayton said that he welcomes Labor’s “invitation to engageconstructively as the Commission moves forward with its examinationof the standards of conduct applicable to investment advisers andbroker-dealers, and related matters.”

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Melanie Waddell

Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2024. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.