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Vanguard Asks Sec For Best Interest Fudiciary Rule 4 Brokers

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#1 tony

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Posted 04 October 2017 - 09:14 PM

Vanguard is asking the Securities and Exchange Commission to go beyond existing rules to develop a “best interest” fiduciary standard of conduct for retail brokers who provide recommendations to investors. The rule should go beyond the current “suitability” requirements overseen by the Financial Industry Regulatory Authority’s (FINRA), the $4 trillion mutual fund and asset management juggernaut said.