As the chairwoman of the SEC appealed for a budget increase to beef up advisor exams, she hinted the commission is advancing a uniform fiduciary standard for broker-dealers and RIAs.

At a House appropriation hearing on Tuesday, Mary Jo White said increasing advisor exams is indeed a top priority within the commission, and reiterated her belief that the commission should implement a single standard of fiduciary duty for brokers and advisors who serve retail clients.

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