Massachusetts regulator criticizes proposed U.S. brokerage rule

(Reuters) – A Democratic state regulator from Massachusetts on Tuesday blasted a proposed rule by U.S. financial regulators, saying it does not go far enough to protect investors from brokers who may have a conflict of interest and that if passed, the state would adopt its own rules to raise standards for brokers.

FILE PHOTO: U.S. Senator Elizabeth Warren (D-MA) speaks at the Netroots Nation annual conference for political progressives in New Orleans, Louisiana, U.S. August 3, 2018. REUTERS/Jonathan Bachman/File Photo

Opposition from the state’s influential Secretary of the…

Read More Here

Be the first to comment on "Massachusetts regulator criticizes proposed U.S. brokerage rule"

Leave a comment

Your email address will not be published.