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States seek SEC fiduciary standard that protects investors as much as Labor Department rule

By Neil Haggerty ( March 13, 2018, 22:13 GMT | Insight) -- Eleven state treasurers from both political parties are asking the US Securities and Exchange Commission to adopt a fiduciary standard that is at least as protective of investors’ interests as the Department of Labor rule. “Any standard less robust than this does not provide adequate protection for investors,” the treasurers said in a letter last week.Eleven state treasurers from both parties are asking the US Securities and Exchange Commission to adopt a fiduciary standard that is at least as protective of investors’ interests as the Department of Labor rule....

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