03.08.19
State Securities Regulators Back Nevada's Fiduciary Rule Proposal
by: Mark, Jr. Schoeff
While the North American Securities Administrators Association focuses on guiding the direction of the SEC's investment advice reform proposal, the group also is supporting a separate Nevada effort to raise advice standards. In a comment letter to the Nevada Securities Division Thursday, the group said Nevada's proposal to impose a fiduciary duty on the state's brokers and other financial professionals would increase investor protection.
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