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Text of SEC Request for Data and Other Information About Duties of Brokers, Dealers, and Investment Advisers
U.S. Securities and Exchange Commission [SEC]
[Official Guidance] Mar. 6, 2013
"We are specifically requesting quantitative and qualitative data and other information and economic analysis ... about the benefits and costs of the current standards of conduct of broker-dealers and investment advisers when providing advice to retail customers, as well as alternative approaches to the standards of conduct, including a uniform fiduciary standard of conduct applicable to all investment advisers and broker-dealers when providing personalized investment advice to retail customers. We recognize that retail customers are unlikely to have significant empirical and quantitative information. We welcome any information they can provide."
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