The SEC's plan tacitly reinforces the objectives behind its proposed Regulation Best Interest, which is designed to enhance broker-dealers' standard of care in servicing retail investors, although the proposed standard isn't mentioned. (Photo: Diego M. Radzinschi/ALM)
Protecting the interests of long-term, “Main Street” investors is the top goal of the Securities and Exchange Commission, according to the agency's formal Strategic Plan for fiscal years 2018 to 2022.
The document, released this week, tacitly reinforces the objectives behind the agency's proposed Regulation Best Interest, which is designed to enhance broker-dealers' standard of care in servicing retail investors.
|Choices for professional advice “not as clear as they should be”
The proposed standard is not mentioned in the Strategic Plan. But the document's imperative protecting the interests of retail investors underscores a theme SEC Chair Jay Clayton has repeatedly pronounced in public comments since taking the helm of the Commission in May of 2017. Clayton's term is scheduled to end in 2021.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
