SEC expected to move forward with fiduciary duty

02/4/2013 | InvestmentNews (free registration)

The Securities and Exchange Commission could be ready this summer to seek feedback about how a uniform fiduciary duty for brokers and financial advisers would work and for ways to conduct a cost/benefit analysis. "We wouldn't expect that [request for comments] to come out before the new commission is in place," said Kevin Carroll, SIFMA's associate general counsel. Meanwhile, the idea of creating a self-regulatory organization for financial advisers appears to be fizzling. Learn more at SIFMA's Fiduciary Standard Resource Center.

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