New Broker Regulations Set for Approval by SEC

The video discusses a new rule for brokers to act in the best interest of investors, highlighting its differences from the Obama administration's fiduciary rule. There is significant debate over what 'best interest' means, with many challenging the rule. A PR campaign against the SEC is underway, and the AARP is organizing protests. Critics, including a former SEC attorney, label the rule as 'fake regulation' due to bank support. The AARP's role in protests is also explored.

What actions are being taken by the AARP in response to the SEC's new rule?

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How do former SEC enforcement attorneys view the new regulation mentioned in the text?

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