SEC's new rule reinforces brokers' responsibilities to investors



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WASHINGTON – Investment Dealers will have to act in the best interest of investors and disclose more information about conflicts of interest that could distort advice under a settlement approved on Wednesday.

The Securities and Exchange Commission has voted for the issuance of what it calls the best interest regulation, thus creating a duty to investors for brokers who, according to the industry, is superior to its current standard.

The…

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