Republican Law Makers Want to Put the Brakes on Fiduciary Duty Obligation

Republicans on the House Financial Services Committee call on SEC Chair Schapiro to slow down on considering any rule to extend the investment adviser's fiduciary duty to broker-dealers.  They call for more rigorous analysis and a cost-benefit analysis to justify any proposed rule.  This was essentially the position taken by the two dissenting (Republican) Commissioners in the SEC's fiduciary duty study, released earlier this year.  Bloomberg, Republicans Want More Study Before SEC Sets U.S. Fiduciary Rule