SEC May Propose Its Own Fiduciary Rule by Second Quarter

Its an ambitious target, but the SEC is reportedly planning to propose a Fiduciary Rule that would cover all brokers - not just those selling retirement accounts - by the second quarter of this year. That could mean that there will be a proposed rule in about 10 weeks, but it could also mean in about five months, depending on whether "by the second quarter" means the beginning or the end of that quarter.
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