SIFMA's chairman-elect urges flexibility in fiduciary rules

06/28/2010 | Reuters

John Taft, chief of U.S. wealth management at Royal Bank of Canada and chairman-elect of SIFMA, said fiduciary rules should vary according to brokers' functions. "A one-size-fits-all solution does not work," Taft said. "The people who are advocating a one-size approach to the fiduciary standard only offer one size: They're investment advisers."

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