Comment Letter on the Department of Labor Proposed Rule on Conflicts of Interest and Fiduciary Duty
Commissioner Daniel M. Gallagher
July 22, 2015
Yesterday, I filed a comment letter in connection with the Department of Labor’s proposed rule to impose a fiduciary duty standard on broker-dealers, available here http://www.sec.gov/news/speech/2015/gallagher-dol-comment-ttr-7-21-15.pdf. I hope and expect that the Department of Labor will take my views into consideration as it wrestles with this ill-advised rulemaking.