Updated Monday, September 1, 2014 as of 3:41 AM ET

Professional Liability Insurance Premiums to Rise

If the SEC's proposed fiduciary standard gets the thumbs up, professional liability insurance for broker-dealer reps, already up 30% over the past four years, will continue to soar. That's the expectation among insurance brokers specializing in errors and omissions insurance, which protects FINRA-registered broker-dealers and their officers, directors and employees from client lawsuits over negligence — either real or imagined.

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