Securities Law Prof Blog

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

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Friday, November 22, 2013

NASAA: Statement on the SEC’s Support for Fiduciary Duty for Broker-Dealers

North American Securities Administrators Association President, Andrea Seidt, has issued a statement on the SEC’s Support for Fiduciary Duty for Broker-Dealers.  Seidt reports, "State securities regulators strongly support the recommendations of the SEC’s Investor Advisory Committee to extend a fiduciary duty to broker-dealers when they provide personalized investment advice to retail investors, and to call for legislation to fund investment adviser examinations. NASAA encourages the SEC and Congress to take swift action on each of these important recommendations."

http://lawprofessors.typepad.com/securities/2013/11/nasaa-statement-on-the-secs-support-for-fiduciary-duty-for-broker-dealers.html

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