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Maryland and Nevada’s actions come as the Securities and Exchange Commission is finalizing its Regulation Best Interest, which requires broker-dealers to act in retail clients’ best interests, but stops short of requiring a fiduciary standard of care. (Photo: Shutterstock)

State legislators in Maryland have introduced a consumer protection bill that instructs regulators to adopt fiduciary requirements for broker-dealers, investment advisers, and insurance agents.

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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