Advisers to SEC: Don't water down fiduciary rule

07/8/2013 | AdvisorOne

Industry groups have responded in full voice to the Securities and Exchange Commission's request for information on what kind of fiduciary standard to apply to financial professionals. The AICPA, in a joint comment with other groups, urged the agency to institute "an overarching fiduciary duty that is identical for brokers and advisers, but only if, as the Dodd-Frank Act mandates, it is no less stringent than the existing standard under the Advisers Act." Learn more about the AICPA's advocacy in this area.

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