Federal Building SEC 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.

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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.

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