The SEC could head into the New Year with four members and a Republican majority as it makes crucial decisions on its investment-advice rules package. In a Sept. 11 article in InvestmentNews titled “Shorthanded SEC may have to decide investment advice proposal on its own,” investment management counsel David Tittsworth discusses how SEC Chairman Jay Clayton has to get three votes, and it is going to be difficult to fashion a set of rules that is acceptable to Republicans and Democrats on the commission.
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