"Being on the agenda for 2014 and getting it done in 2014 are completely different things," Luparello said in a panel discussion at FINRA's annual conference on Monday. "It is a priority and is certainly a live topic of conversation," he quickly added.
LEVEL THE PLAYING FIELD
Consumer advocates and some groups representing advisors have been urging the
White, however, seemed to hedge in her commitment to a uniform standard in recent testimony before a House committee, telling lawmakers that she is working with commission staff to evaluate a "range of options" for retooling broker regulation.
And it's not just the chairman who is uncertain on how to proceed, according to Luparello.
"You can also parse the comments of the other four commissioners and appreciate that there may not be a real coalescence of thought around any of this," he said. "There's just a lot of churn both inside and outside the building before we start to coalesce."
DoL FIDUCIARY RULE
Opponents have also raised concerns that if the two rulemaking proposals move forward on separate tracks, the result could be overlapping regulations that saddle advisors with an undue compliance burden.
Luparello acknowledged the concern, but said that the
"All I can say is I think everyone agrees it's extraordinarily important to include the
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