WASHINGTON -- Investment advisors and broker-dealers should be held to a common standard of fiduciary care when serving retail clients, and the SEC should increase examinations to ensure that firms are adhering to those rules, says commission Chairwoman Mary Jo White.

In an on-stage interview at the Investment Company Institute's general membership meeting, White reaffirms her support for a uniform fiduciary standard for the advisory sector, though she emphasizes that that view is hers alone. It is not necessarily shared by the other commissioners, she explains, some of whom have expressed skepticism about the wisdom of a new rule.

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