The Securities and Exchange Commission today posted a form for people to comment as part of its study of obligations and standards that should apply to broker-dealers and registered investment advisors.
The study is required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which President Obama signed into law on July 21 and gives the SEC the authority to set uniform fiduciary standards for broker-dealers and RIAs. The SEC is looking at whether there are gaps, shortcomings, or overlaps in the current legal or regulatory standards.
To submit a comment for the study, click here.