Wednesday, June 15, 2016
Senator Warren reams SEC chair
The SEC has the authority to require financial companies to provide information that clients need in order to make informed investment decisions. But the SEC continues to drag its feet in implementing this power granted to it by the 2010 Dodd-Frank Bill. In fact, the SEC has done the opposite, allowing said companies to withhold such needed information under the rationalization that clients can have 'information overload.' WTF?