SIFMA CEO on Financial Regulation Under Trump

The video discusses Sifma's efforts to establish a formal best interest standard for brokers, emphasizing the need for the SEC to implement appropriate regulations. It highlights the US system as a model for global markets, particularly in Europe and Asia, and addresses the unrealistic expectation of perfection in brokerage advice.

What is Sifma's stance on the best interest standard for brokers?

• They oppose it.

• They are indifferent.

• They support it and have been advocating for it.

• They believe it should be abolished.

What role does the SEC play in establishing brokerage standards?

• It opposes the establishment of standards.

• It has no role.

• It is the appropriate regulator to establish standards.

• It only observes the process.

What is a major challenge in achieving perfection in brokerage advice?

• Lack of technology.

• Inconsistent global regulations.

• The inherent impossibility of perfection.

• Limited investment options.

How does the US system compare to others in terms of investment advice?

• It is outdated.

• It is more advanced and offers diverse options.

• It is less advanced.

• It is similar to the European system.

What can Europe and Asia learn from the US market?

• To focus solely on technology.

• To adopt a rigid regulatory structure.

• To limit investment options.

• To embrace market flexibility and diverse investment vehicles.