House committee seeks to block progress of SEC's fiduciary standard

05/27/2013 | Financial Planning · AdvisorOne

A draft bill being considered by a House subcommittee would require the Securities and Exchange Commission to identify a specific harm to investors and to perform a cost-benefit analysis before creating a uniform fiduciary rule, authorized by the Dodd-Frank Act, for investment advisers and brokers. Opponents of the measure testified that the bill would fragment enforcement of the rule, threatening uniformity of the standard.

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Financial Planning · AdvisorOne

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