SEC Chairwoman Mary Jo White with President Barack Obama. (Photo: AP)

They’ve been at it for years. The Securities and Exchange Commission and the Department of Labor have been batting around a rule that, in one form or another, would raise investment-advice standards for brokers.

When something might actually happen is anyone’s guess. Adoption had been expected this fall, though it now appears that next year could, in fact, be the year for a new fiduciary standard for advisors to retirement plans.

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