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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

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