NEW YORK – Deciding whether to impose a uniform fiduciary standard for brokers and investment advisors was a “high priority” for the SEC, but there is no timeframe for a rule, Commission Chair Mary Jo White said.

“I think it is very important area,” White said, speaking at the Securities Industry and Financial Markets Association’s Annual Meeting in New York. “Any time you have the same conduct regulated differently, you need to take a very close look at that and see what to do about it.”

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