WASHINGTON - A House subcommittee on Thursday took up consideration of a measure that would slow the SECs work to establish a uniform fiduciary standard that would apply to investment advisors and broker-dealers. The measure was just one in a set of legislative proposals that would roll back provisions of the Dodd-Frank Act.
Supporters of the draft bills presented argued that they would create safeguards against burdensome Dodd-Frank regulations, regulations they say will have the perverse effect of stifling market activity and even harming investors.
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