Maryland jumps into fiduciary fray with legislation requiring brokers to act in best interests of clients
February 22, 2018 by Mar
Brokers in Maryland would have to act in the best interests of their clients under a Senate bill making its way through the state legislature.
Maryland investment advisers currently must meet such a fiduciary requirement. The provision that extends fiduciary duty to brokers is part of a larger bill, the Financial Consumer Protection Act of 2018, that will be the focus of a Feb. 22 hearing of the Maryland Senate Finance Committee.
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Originally Posted at InvestmentNews on February 21, 2018 by Mar.
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