je.st
news
Wall St. trade group calls for new "best interest" rule for brokers
2015-06-04 00:15:24| Footwear - Topix.net
A major Wall Street trade group on Wednesday called for overhauling a longstanding ethical rule for brokers by requiring them to act in customers' best interests when recommending securities. The Securities Industry and Financial Markets Association wants regulators to scrap a key term in a current industry rule, requiring brokers to recommend securities that are "suitable" for customers, and substitute new wording for a "best interests standard," according to its proposal.
Tags: for
group
interest
trade
Category:Consumer Goods and Services
Latest from this category |
All news |
||||||||||||||||||
|
|||||||||||||||||||