Fiduciary rule could surface in final financial reform bill
Posted on 24 May 2010
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/fiduciary-rule-could-surface-in-final-financial-reform-bill
The final financial regulations reform bill could still surface with a rule requiring stock brokers and insurance agents to act in the best interest of clients–the so-called fiduciary rule that currently covers Registered Investment Advisers.
The bill passed earlier by the House of Representatives included a fiduciary standard; the Senate bill approved last week does no.
Investment news reports this week that the fiduciary rule might still surface from conference committee negotiations between the two chambers.
















