The Securities and Exchange Commission is expected to issue a concept release as early as this summer on how to establish a uniform fiduciary duty for brokers and financial advisers....
Kevin Keller, chief executive of the Certified Financial Planner Board of Standards Inc., faults SIFMA for proposing what he thinks is a brand-new standard.
"We think it's better to start with what we have [with the Advisers Act] and build from there," he told reporters. Read more >
February 3, 2013