The Securities and Exchange Commission has been looking into requiring brokers to act as fiduciaries. Meanwhile, the Department of Labor is striving to impose a fiduciary standard on advisers who deal with individual retirement accounts and workplace retirement plans. The two rulemaking processes are slowing efforts and draft legislation could cause further delays. The securities industry wants to ensure that the proper considerations are made for any new regulations. "I don't think we want to rush into a regulatory position without adequate vetting," said SIFMA CEO Judd Gregg. Learn more at SIFMA's Fiduciary Standard Resource Center.
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