Independent broker/dealers and RIAs should be operating under the same fiduciary standard of care when dealing with investors, said Richard Ketchum, chairman and chief executive officer of the Financial Industry Regulatory Authority (FINRA) in a speech Friday.

Speaking at the Fall Symposium of the National Association of Independent Broker Dealers, Ketchum continued to push FINRA’s message that it should be authorized to provide oversight to the investment advisory channel, especially in situations wherein intermediaries work for integrated, or dually registered, firms.

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