New Jersey releases uniform fiduciary standard pre-proposal, seeks comments

October 16, 2018 by Mark Schoeff Jr.

New Jersey released a request for public comment Monday on what could become a proposal to raise investment advice requirements for brokers.

The state’s Bureau of Securities issued what it called a notice of pre-proposal that would subject brokers, agents, investment advisers and investment adviser representatives to a fiduciary duty when providing investment recommendations to clients.

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Originally Posted at InvestmentNews on October 15, 2018 by Mark Schoeff Jr..