Massachusetts Enacts Fiduciary Rules For All Financial Advice
February 26, 2020 by John Hilton
Massachusetts Secretary of the Commonwealth William F. Galvin has finalized regulations which “will impose a true fiduciary conduct standard in Massachusetts.”
The new regulations, which will go into effect on March 6, will require broker-dealers and broker-dealer agents to provide investment advice and recommendations without regard to the interests of anyone but the customer, the secretary announced in a news release today.
Two comment periods produced changes to the final regulations, Galvin said. He outlined those changes in a release today.
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