During this year’s New York State Capitol Day, held on April 4 in Albany, NY, many FSI members met face-to-face with lawmakers for the first time discuss the practical impact of excessive regulation on their businesses. The day served as an important reminder of the work that FSI is doing at the state level to protect investor access to financial advice.
During the first half of the day, the group heard from Senator Jesse Hamilton (D), who spoke about one of his top priorities: ensuring that robo-advice is properly regulated. Members then attended meetings to discuss bills on state-run retirement plans (A.B. 4982 and its companion S.B. 4344), fiduciary status disclosures (A.B. 2464) as well as prevention of elder abuse (A.B. 3762). The group met with the bill sponsors and were officially introduced on the Assembly floor.
We thank everyone who attended this year’s New York State Capitol Day, and we look forward to holding events around the country later this year.