SEC chief says fiduciary rule will be "business-model neutral"

12/8/2011 | InvestmentNews (free registration)

Securities and Exchange Commission Chairman Mary Schapiro says the agency's forthcoming fiduciary-rule proposal will respect the different business models under which investment advisers and broker-dealers operate. Schapiro's comments suggest that brokers will be able to continue charging commissions and promoting in-house products when they work with individual investors.

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