So the results are in: The Securities and Exchange Commission announced last week, after six months of study, that brokers should be held to the same fiduciary standard as advisers because investors assume their brokers are acting in their best interests anyway.

Response from the brokerage community has been as predictable as the SEC report's findings-it's hard to argue against putting investors' interests first, after all, but broker-dealers don't want a rule that will hurt their bottom lines.

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