Fabulous news! Consumers can only be helped with only one standard of care--the fiduciary standard. Compensation models need not be adjusted; they just must meet the fiduciary test. Don't believe those who say that now only the wealthy can afford financial advice. ANY advisor or broker in ANY model can ALWAYS choose to act as a fiduciary. Now, it's closer to becoming the law!!
SEC report: Broker-dealers should be subject to fiduciary standard - Investment News
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