Brokers balk at SEC proposal

Published Updated 3 Min Read

Life insurance agents are expressing concern about a proposed change emanating from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

At a congressional hearing last week, insurance industry representatives weighed in on a Securities and Exchange Commission study which was mandated under section 913 of the act. Released in January, the study recommended creating a common fiduciary standard of care for broker-dealers and investment advisers.


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