Financial Planning Coalition Responds to SEC RFI on Fiduciary Standard

On July 5, 2013 the Financial Planning Coalition submitted a comment letter in response to the Securities and Exchange Commission's (SEC) request for information (RFI) released on March 1, 2013.  The Coalition reiterated its concern that the assumptions made in RFI would weaken the fiduciary standard for SEC-registered investment advisers while adding few meaningful new protections for retail customers.  The Coalition also submitted a research study indicating that applying a uniform fiduciary standard to broker-dealers will have little if any effect on the availability of advice to customers.

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Read the letter (PDF, 476KB)