More Fiduciary Coverage » SEC to meet to consider advice-standards proposal

April 12, 2018 by Mark Schoeff Jr.

The Securities and Exchange Commission next week will consider a proposal to establish a new investment-advice rule for brokers.

The April 18 meeting will involve consideration of a three-part proposal, according to a notice posted on the SEC website Wednesday night. The five-member commission is set to vote on a disclosure document for registered investment advisers and brokers that summarizes their relationship with investors; a rule that sets a broker advice standard; and an “interpretation of the standard of conduct for investment advisers.”

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Originally Posted at InvestmentNews on April 12, 2018 by Mark Schoeff Jr..