SEC Commissioner Peirce Wants to Move Ahead on Advice Reform Quickly

InvestmentNews February 12, 2019 — Securities and Exchange Commission member Hester Peirce said Tuesday she wants the agency to complete investment advice reform soon, an indication that a rule could be coming by summer. As he pushes to finish the rule, Mr. Clayton is going to face “political risks and legal risks,” said Tyler Gellasch, executive director of Healthy Markets and former counsel to former SEC member Kara Stein, on the sidelines of the event. “This is likely to be challenged in court relatively quickly. It’s a basic tension: I want to get this done, but I want to make sure it stands up.” (Full Story)

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