DOL and SEC Did Work Together on Fiduciary Rule - EXTENSIVELY

A close review of over 2,500 pages of emails, attendee meeting lists, & draft documents between the SEC and DOL reveal extensive dialogue, both in terms of breadth and depth, over several years.

Despite assertions by a Feb. 2016 Senate Committee's majority staff report to the contrary, my own review of the written communications between the U.S. Securities and Exchange Commission and the U.S. Department of Labor reveals a time-intensive, several-year, cordial dialogue between the DOL staff and the SEC staff, relating to fiduciary rule-making.

Furthermore, while the majority staff's Report honed in on a disagreement between an SEC economist and a DOL economist, who have not known two economists who didn't disagree? Moreover, from the perspective of this writer, who is knowledgeable about the economic research in this area, it appeared that the DOL economist was correct, and that the SEC's economist had not reviewed the academic literature nor studies dealing with the behavioral biases of investors, the lack of efficacy of disclosures, and much more.

http://scholarfp.blogspot.com/2016/03/wall-streets-hypocrisy-and-dol.html?spref=tw