The SEC is to consider three options: propose a new “brief” relationship summary between all investment professionals and retail investors; or propose a new standard of conduct for broker-dealer investment recommendations; or propose new interpretations on fiduciary advisers' standard of conduct. (Photo: AP)
The Chairman and four commissioners of the Securities and Exchange Commission will vote next week to release proposed regulation that could impose new fiduciary standards for broker-dealers.
The vote is a procedural step in the SEC's rule-making process and will take place at an open meeting on Wednesday, April 18 at the SEC's Washington, D.C. headquarters.
If a majority of the Commission votes to move a proposed rule forward, the public could be able to view it on the SEC's website as early as next Wednesday. If the proposal is not complete, it is expected to be released within a matter of days of next week's meeting.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
