The Financial Planning Association, along with other industry organizations, responded to the Securities and Exchange Commission's request for information on whether all financial advisers should be required to operate under a fiduciary standard. FPA called for a uniform standard that is "no less stringent than the existing standard under the Advisers Act." Other organizations that signed the joint letter included NAPFA, NASAA, the CFP Board, IAA, AICPA, Fund Democracy and the Consumer Federation of America. Other groups weighed in with different views on the issue.

Full Story:

Related Summaries