House subcommittee is considering a measure that would slow the SEC's work to establish a uniform fiduciary standard that would apply to investment advisors and broker-dealers. The measure is just one in a set of recent legislative proposals that would roll back provisions of the Dodd-Frank Act.
Supporters of the draft bills argue that they would create safeguards against burdensome Dodd-Frank regulations. These rules, they say, will have the perverse effect of stifling market activity and even harming investors.
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