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Fiduciary Standard Vote Postponed Due to Shutdown

Due to the federal government shutdown, the Investor Advisor Committee for the Securities and Exchange Commission has canceled a meeting scheduled that was to include a vote on endorsing the fiduciary rule proposal. So reports Financial Advisor.

The rule would require brokers to meet the same fiduciary standard currently imposed on registered investment advisors (RIAs).

Read the full article from Financial Advisor magazine.

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