Happy Friday, readers! This week brought the appointment
of a new Chair at the Securities and Exchange Commission, Jay Clayton. Under
the outgoing chair’s leadership the SEC took a more direct and aggressive role
in policing the retirement investment marketplace. It remains to be seen what approach
Clayton will take as chair, but it stands to reason that, as a Republican-appointed official,
he will be more laissez faire in his approach to government intervention in the
client-adviser relationship. Stay with www.planadviser.com for the latest coverage of SEC, DOL, FINRA and more.