In an effort to break a deadlock in the SEC’s effort to adopt a uniform fiduciary standard, a group of seven influential consumer groups and industry organizations – including the FPA, NAPFA and CFP Board – have provided the commission with a proposed roadmap for resolving the debate.

“I think there’s enough common ground here,” says lead author of the roadmap letter Barbara Roper, director of investor protection at the Consumer Federation of America, one of the seven groups. The compromise framework is based on a July 2011 letter from the Securities Industry and Financial Markets Association.

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