Massachusetts Senator Elizabeth Warren challenges a decision by Securities and Exchange Commission chair Jay Clayton over American retirement...
{"Image ImageDescription": "Massachusetts Senator Elizabeth Warren challenges a decision by Securities and Exchange Commission chair Jay Clayton over American retirement policies allowing companies to sell shares in initial public offerings while allowing them to private investors from bringing class-action lawsuits.  Clayton says he cannot prejudge issues that come before the Commission, Warren suggested she was reading tea leaves, frustrating Clayton with real skepticism about the rule whereas his mission is to protect investors, but nothing could do more harm than pre-waiving their rights to sue a company in a class action when they are cheated, Warren pressing Clayton for an absolute statement that he would not weaken rules for people trying to save for retirement.  Clayton says the relationship between an investment advisor or broker-dealer and the client such as on a 401K was regulated by no less than five people but the combination of an insufficient standard and lack of clarity that a standard is only as good as the remedy available, if there were no dollars behind a really strong standard, that is a problem.", "Image Copyright": "2018 Federal Network, Inc."}