In his first major speech as agency chairman, he says a guiding principle is 'long-term interests of Mr. and Ms. 401(k).'
Concern about 'Rothification' as part of larger tax reform spurs lobbying.
Legislation would require brokers to 'avoid, disclose or otherwise reasonably manage' conflicts of interest.
Finra may rethink its ban on class-action waivers in arbitration clauses, depending on whether the court sides with the Trump administration.
But the agency does not protect a provision of the regulation that allows class-action lawsuits.
Broker-dealer self-regulator reports that fines increased to $173.8 million in 2016, up from $93.8 million in 2015.
Agency sets 15-day deadline for input on delaying Jan. 1 applicability date and 30-day deadline for suggestions for substantive revisions.
In separate appearances before Senate panels, the regulators stressed the cooperation that Republican legislators and opponents of the DOL fiduciary rule are demanding.
The SEC budget request for 2018 projects 1,044 full-time OCIE employees, down from 1,069 in fiscal 2017.
He doesn't provide details, but says that he shares SEC Investor Advisory Committee's desire to help older investors know their advisers
