No Fee-Based Extension for SIA
Could it be?
After years of rulemakings, delays, and extensions, it looks like all of the provisions of the SECís fee-based brokerage rule, originally proposed in November 1999, finally are in effect.
Last week, by its silence, the SEC declined to grant the two-month extension requested by the Securities Industry Association of the financial planning provisions of the fee-based brokerage rule. The rule went into effect January 31, 2006.