Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, June 17, 2010

No Agreement on Fiduciary Duty Standard in Reform Legislation

Investment News reports that the Conference Committee has reached an impasse on the fiduciary duty standard, with the House digging in and insisting on its provision, which would implement a fiduciary duty for broker-dealers, and the Senate sticking to its provision, which calls for the SEC to conduct a one-year study before rulemaking.  This provision is of intense interest to me, but it is odd that it has become one of the most contentious provisions in the bill.  InvNews, House-Senate negotiators hit impasse on fiduciary standard

News Stories | Permalink

TrackBack URL for this entry:

Listed below are links to weblogs that reference No Agreement on Fiduciary Duty Standard in Reform Legislation:


Post a comment