SIFMA reiterates opposition to proposed fiduciary standard:

05/23/2010 | Wall Street Journal, The · Bond Buyer (free content), The

Financial-reform legislation passed by the Senate does not include a provision that would hold retail brokers to a fiduciary standard. The bill would, however, require brokers engaged in derivatives transactions with institutional investors to adhere to a fiduciary duty. SIFMA opposes the latter measure, saying it is "unworkable" and "would limit these clients' ability to access to vital risk management tools."

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Wall Street Journal, The · Bond Buyer (free content), The

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