House Financial Services Committee Chairwoman Maxine Waters, D-Calif., plans to grill Securities and Exchange Commission Chairman Jay Clayton during a mid-March hearing on the agency’s proposed Regulation Best Interest.
Waters’ March hearings agenda also includes examining Wells Fargo’s “pattern of consumer abuses,” along with a semi-annual review of the Consumer Financial Protection Bureau.
The hearing on Reg BI, titled “Putting Investors First? Examining the SEC’s Best Interest Rule,” will be held on March 14 by the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets, chaired by Rep. Carolyn Maloney, D-N.Y.