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Battle to Impose Fiduciary Standard Gains SEC Chair as an Advocate

Friday, Mar 20 2015
Regulatory & Compliance
Written by  PFA News

Securities and Exchange Commissioner Chair Mary Jo White says she supports harmonizing rules for brokers and registered investment advisors and ensuring that advisors put client interests before their own. So reports Reuters.

The comments, which seem to imply that she will support a fiduciary standard, are believed to be the first time that she has publicly taken sides in the ongoing debate.

Read the full article from Reuters.

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