SEC calls for feedback on fiduciary plan

03/4/2013 | Reuters · AdvisorOne

The Securities and Exchange Commission has requested information from the public and the financial services industry pertaining to possible changes to fiduciary standards for brokers. 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, general counsel of the Securities Industry and Financial Markets Association.

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Reuters · AdvisorOne

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