The trade association called on the Department of Labour to launch a review
Trade body the Securities Industry and
Financial Markets Association (Sifma) upped pressure on the US
government to water-down a controversial new rules that could
prevent US pension holders from trading options.
The trade body, which represents US banks
and brokers, on Friday issued a statement in reaction to the
Department of Labor (DoL) sending its proposed fiduciary rule
to the Office of Management and Budget (OMB) for review.
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