FSI President and CEO Issues Statement on SEC Fiduciary Standard Request

In response to the request for information on a uniform fiduciary standard issued by the SEC on March 1, FSI President and CEO Dale Brown issued the following statement:

“We have anticipated the SEC would look into adopting a uniform fiduciary standard, and we applaud them for investigating various options and seeking industry input. FSI has long supported a uniform fiduciary standard that increases protection for investors without limiting access to financial advice and service for Main Street Americans. We appreciate the opportunity to provide information regarding potential rules and regulations, and we will be working with our members to respond to the SEC’s request for information. We look forward to working with the SEC to create an effective and efficient fiduciary standard.”

If you would like to provide comments or concerns regarding the request, please email us. Read more about this issue in Financial Planning Magazine and AdvisorOne.


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