The Securities and Exchange Commission has requested information from the public and the financial services industry pertaining to possible changes to brokers' fiduciary standards. The SEC is seeking information about the benefits and costs of different fiduciary mandates. "Gathering further data is the appropriate next step forward," said Ira Hammerman, SIFMA's general counsel. Read SIFMA's statement on the SEC's request for information.

Full Story:
Reuters, AdvisorOne

Related Summaries