As efforts to apply stricter fiduciary and disclosure requirements on broker-dealers slow, the Institute for the Fiduciary Standard, a one-year-old think tank that advocates for uniformity, met with the Chairman of the SEC, Mary Schapiro, to make its case.

Despite a push by some industry heavyweights, including Shapiro, to include these requirements as part of Dodd-Frank, the larger regulatory reform mandate, the rule remains optional and may not go into effect. In the meantime, the president and founder of IFS, Knut Rostad, who is also a regulatory and compliance officer at RIA Rembert Pendleton Jackson, is hoping that the lull will give advocates a chance to build their campaign and garner support.

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