Further input is needed on fiduciary standard, SEC says

03/3/2013 | OnWallStreet.com

The Securities and Exchange Commission says it wants additional input regarding a proposed uniform fiduciary standard for investment professionals, including its potential effects. "This request for information will help us in our ongoing consideration of alternative standards of conduct for certain broker-dealers and investment advisers, as well as potential harmonization of other aspects of regulation in this area," SEC Chairwoman Elisse Walter said in a statement.

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