Groups battle over SEC study on fiduciary standards

08/22/2010 | InvestmentNews (free registration)

Groups are expressing their support of and opposition to a recent Securities and Exchange Commission study. The SEC is exploring a plan to implement a fiduciary standard that would hold brokers to the same standard as investment advisers. The National Association of Insurance and Financial Advisors has expressed opposition, while the Certified Financial Planner Board of Standards has showed support for the standard.

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