SEC Head Backs Fiduciary Standards for Brokers, Advisers


At SIFMA's Compliance & Legal Society Annual Seminar in Phoenix, SEC Chair, Mary Jo White spoke out in support of harmonizing the differing standards that govern how retail brokers and advisers offer investment advice.

According to White, "You have to think long and hard before you regulate differently something that is essentially identical conduct, and particularly when you’re in a space where retail investors need good advice."

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