SEC seeks information on cost of fiduciary standard

03/3/2013 | AdvisorOne

The Securities and Exchange Commission has released a request for information to help it weigh the costs and benefits of a rule that would impose a fiduciary standard of care on brokers. The request "will help us in our ongoing consideration of alternative standards of conduct for certain broker-dealers and investment advisers, as well as potential harmonization of other aspects of regulation in this area," SEC Chairman Elisse Walter said.

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