The Commission’s three Democratic members appear to support the initiative while its two Republican members have hinted that they see no need for such a standard.
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The five member Securities and Exchange Commission appears to have a majority of members who favor having the regulator adopt a fiduciary standard that would apply to brokers. So reports insurancenewsnet.
The Commission’s three Democratic members appear to support the initiative while its two Republican members have hinted that they see no need for such a standard.