AG James Leads Coalition Suing SEC For Putting Brokers Ahead Of Investors

Posted to Applied Web NY on Tue, 09/10/2019 - 12:31

‘Regulation Best Interest’ Fails to Protect Investors or Meet Standards Laid Out in Landmark Dodd-Frank Act

NEW YORK – New York Attorney General Letitia James today led a coalition of eight attorneys general from around the nation in filing a federal lawsuit, in the Southern District of New York, challenging the Securities & Exchange Commission’s (SEC) “Regulation Best Interest” for failing to meet basic investor protections that were laid out in the historic 2010 Dodd-Frank Act.

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