By Tracey Longo
Originally published on Financial Advisor
The North American Securities Administrators Association is escalating its call for tougher broker sales regulation, scheduling a Capitol Hill briefing for lawmakers, regulators and the media on March 5.
The legislative agenda rollout will take place in the Rayburn House Office Building beginning at 1:30 p.m., and follows closely on the heels of a letter NASAA sent to the Securities and Exchange Commission on February 18 telling the agency its proposed Regulation Best Interest sales standards do not go far enough to protect consumers.
Regulation Best Interest is a key part of a proposed investment advice reform package the SEC expects to finalize this summer.
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