Vote delayed for SEC panel that wants strong fiduciary standard

A subcommittee of the Securities and Exchange Commission's Investor Advisory Committee is calling on the SEC to require brokers to comply with a tough fiduciary standard that governs registered investment advisers. The proposal would allow some conflicts of interest by broker-dealers as long as they are disclosed to clients. The committee's Oct. 10 meeting has been postponed because of the U.S. government shutdown, but the group could vote via teleconference.

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