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The Securities Industry and Financial Markets Association (SIFMA) is continuing to encourage the Securities and Exchange Commission to impose a uniform fiduciary standard that would apply to broker-dealers, reports onwallstreet.com.
SIFMA has recently stated that the SEC, which has been authorized to implement the change by the Dodd-Frank financial reform act, should push ahead with the standard despite opposition from various industry organizations.
Read the full article from onwallstreet.com here.
