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A handful of investor advocates have sent a letter to the SEC urging the regulator to carefully, but expeditiously, move forward with developing a fiduciary standard for brokers. So reports Financial Advisor.

The letter, which maintains that such a regulation should be developed with great care, was submitted by the Consumer Federation of America, Fund Democracy Inc., the Certified Financial Planner Board of Standards, the Financial Planning Association and the National Association of Personal Financial Advisors.

Read the full article from Financial Advisor.

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