SEC publishes advice rule, sets Aug. 7 comment deadline

May 9, 2018 by Mark Schoeff Jr.

The Federal Register published the Securities and Exchange Commission’s investment advice reform proposal Wednesday, officially opening a comment period that will last until Aug. 7.

The SEC voted 4-1 on April 18 to release the three-part proposal, which includes a best-interest standard for brokers; new disclosure requirements for brokers and investment advisers, as well as financial adviser title reform; and an interpretation of the fiduciary standard that currently applies to investment advisers. 

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Originally Posted at InvestmentNews on May 9, 2018 by Mark Schoeff Jr..