Supporters for strengthened rules governing investment advice offered by brokers are warning that the Securities and Exchange Commission should not weaken the fiduciary standard that applies to financial advisers in an effort to create a uniform standard for advisers and stockbrokers. "Don't water down this [fiduciary] duty that has been very well established, and do not create different standards of care for different kinds of clients," said David Tittsworth, executive director of the Investment Adviser Association.

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