SEC must act on uniform fiduciary standard, FINRA chief says

05/21/2013 | AdvisorOne

The Securities and Exchange Commission should quickly adopt a uniform fiduciary rule for financial advisers and brokers, says Richard Ketchum, CEO of the Financial Industry Regulatory Authority. If the SEC doesn't act soon, FINRA might adopt a disclosure rule that applies to broker-dealers without waiting for the SEC, he said.

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