Fiduciary-standard debate continues to divide industry

09/10/2011 | California CPA magazine

The investment industry continues the debate over whether regulators should introduce a single fiduciary standard for broker-dealers and investment advisers. The change would have little effect on CPA advisers, who already serve their clients in a fashion that resembles a fiduciary standard -- such as the one embodied in the AICPA's Code of Professional Conduct, CPA/PFS Karen Goodfriend states.

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