SEC Panel Approves RIA Fee, Uniform Fiduciary Proposals

WASHINGTON -- An SEC advisory committee on Friday recommended that the commission appeal to Congress for authority to collect user fees from advisors to enhance its oversight of the RIA sector and enact rules to tighten regulation of broker-dealers.

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Comments (1)
while it might sound good to hold brokers to a fiduciary standard, the reality is that they have a conflict of interest with clients that cannot be resolved when acting in a brokerage capacity - forcing a fiduciary standard will only diminish the fiduciary standard itself and further confuse investors
Posted by Kevin E | Monday, December 02 2013 at 9:42AM ET
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