Money

Fiduciary rule could surface in final financial reform bill

Posted on 24 May 2010

By Mark Miller

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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.

Related posts:

  1. Financial reform still lets advisers put themselves first
  2. Investor Protection Act would shake up financial adviser duties
  3. Questions to ask when hiring a financial advisor
  4. Government-sponsored long-term care plan advances in health bill
  5. SEC fiduciary recommendation leaves unanswered questions

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