Trump’s SEC proposes rewrite of Obama-era broker conflict rules

JAY CLAYTON is chairman of the U.S. Securities and Exchange Commission, which recently proposed to overhaul its conflict of interest rules for brokers. / BLOOMBERG FILE PHOTO/ANDREW HARRER
JAY CLAYTON is chairman of the U.S. Securities and Exchange Commission, which recently proposed to overhaul its conflict of interest rules for brokers. / BLOOMBERG FILE PHOTO/ANDREW HARRER
NEW YORK – The U.S. Securities and Exchange Commission on Wednesday proposed overhauling its conflict of interest rules for brokers, a move likely ensuring that Wall Street won’t have to comply with much tougher regulations approved at the end of Barack Obama’s presidency. At a public meeting in Washington, SEC commissioners led by Chairman Jay…

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