Dually registered investment advisory and broker-dealer firms will be able to continue selling stock from their own accounts to some clients, the Securities and Exchange Commission said.

The SEC has announced it plans to extend by another two years, until December 31, 2016, this ability for dually registered firms with fee-based accounts, a posting on the regulator’s Division of Investment Management web site Monday revealed.

The permission only applies to accounts where the clients have the ability to accept or reject proposed sales and only under some situations.

This is the fourth time the regulator has moved to extend the permission since it was granted in 2007.

The SEC is kicking the can down the road on this matter if and until it makes overall changes in the fiduciary rule and other harmonization issues for advisors and broker-dealers, Investment Adviser Association General Counsel Karen Barr said.