Seven States Sue SEC on Concern Broker Rule Is Weak

SEC cyber probe

Seven states asked a federal court on Monday to invalidate a regulation that requires stockbrokers to disclose more about conflicts of interest that could influence their financial advice, claiming that the rule is weak. The lawsuit, filed in Manhattan federal court by the states’ Democratic attorneys general, illustrates how a rule intended to protect mom-and-pop… Continue reading Seven States Sue SEC on Concern Broker Rule Is Weak