Who Acts with Your Best Interests in Mind?

President Trump last week nominated Eugene Scalia to head the DOL following Secretary Acosta's resignation. Scalia was instrumental in the first version of the rule's defeat last year. He was the lead counsel for SIFMA and the body of trade groups that defeated the rule. On June 5, 2019, the 4-member Securities and Exchange Commission voted to approve the "Reg BI Package."