The Securities and Exchange Commission's Investor Advisory Committee is expected to vote Friday on a proposal to adopt a uniform fiduciary rule for brokers and financial advisers. The proposal was developed by the Investor as Purchaser Subcommittee, led by Barbara Roper, director of investor protection at the Consumer Federation of America. Any fiduciary duty imposed by the SEC should provide "an enforceable, principles-based obligation to act in the best interest of the customer," according to the subcommittee.

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