Fiduciary standard will be debated as lawmakers reconcile bills

06/7/2010 | InvestmentNews (free registration)

The House version of legislation to overhaul financial regulation directs the Securities and Exchange Commission to impose a fiduciary standard on broker-dealers and insurance agents, in line with one that already applies to investment advisers who give personalized advice. The Senate version of the bill, which is expected to be the starting point for negotiations, asks the SEC to conduct a study of such a standard.

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