SEC considers next fiduciary-standard step

07/15/2013 | InvestmentNews (free registration)

With the expiration of the comment period for a cost-benefit analysis, the Securities and Exchange Commission must now decide what the next step forward would be for the establishment of a fiduciary standard. There are several options the SEC is likely to consider including proposing a rules-based fiduciary duty or proposing a principles-based fiduciary standard.

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