Sifma CEO Warns Fiduciary Rule Could Be a 'Train Wreck'

The transcript discusses the potential delay of a Department of Labor rule, highlighting concerns about client confusion and increased costs. It critiques the cost analysis used to justify the rule, suggesting it relies on outdated research. The debate over the best interest standard is explored, with a preference for the SEC to regulate it. Sigma's legal actions against the rule are mentioned, along with a global perspective on regulatory reviews and economic growth.

How does the speaker view the role of the Securities and Exchange Commission in relation to the new rule?

What changes does the speaker suggest should be made to the current regulatory framework?

What is the speaker's opinion on the executive actions taken by the administration regarding financial regulations?