SEC's comment period for fiduciary standard ends Friday

07/1/2013 | Nerd's Eye View blog

Friday is the deadline for submitting comments to the Securities and Exchange Commission on the topic of a uniform fiduciary standard for brokers and investment advisers. The SEC in March issued a request for information to inform its cost-benefit analysis for a potential rule change on broker-dealer standards. "While several 'big hitter' organizations have already weighed in, it's crucial for all advisors who have an opinion on the matter to submit their own comments," writes Michael Kitces.

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