38 pages. "The [SEC] is publishing for comment a proposed interpretation of the standard of conduct for investment advisers under the Investment Advisers Act of 1940. The [SEC] also is requesting comment on: licensing and continuing education requirements for personnel of SEC-registered investment advisers; delivery of account statements to clients with investment advisory accounts; and financial responsibility requirements for SEC-registered investment advisers, including fidelity bonds.... [The SEC believes] it would be appropriate and beneficial to address in one release and reaffirm -- and in some cases clarify -- certain aspects of the fiduciary duty that an investment adviser owes to its clients under section 206 of the Advisers Act."  MORE >>