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Flag with SEC and symbol SEC’s proposal signals that regulators are open to more restrictive policies for discretionary brokerage accounts, but it fails to define personal investment advice or when brokers’ so-called incidental advice exemption comes into play. (Photo: Shutterstock)

The Securities and Exchange Commission’s proposed rule for raising the suitability standard on brokers-dealers will potentially result in more investor confusion, according to CFA Institute.

Nick Thornton


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