Treasury proposes fiduciary standard for broker-advisors

07/13/2009 | InvestmentNews (free registration) · Reuters

The Treasury Department sent draft legislation to Capitol Hill that would impose a fiduciary standard on broker-advisors. "The legislation outlines steps to establish consistent standards for all those who provide investment advice about securities, would improve the timing and quality of disclosures about investments, and would require greater accountability from securities professionals," the Treasury said.

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InvestmentNews (free registration) · Reuters

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