The rule would require brokers to meet the same fiduciary standard currently imposed on registered investment advisors (RIAs).
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Due to the federal government shutdown, the Investor Advisor Committee for the Securities and Exchange Commission has canceled a meeting scheduled that was to include a vote on endorsing the fiduciary rule proposal. So reports Financial Advisor.
The rule would require brokers to meet the same fiduciary standard currently imposed on registered investment advisors (RIAs).