A dozen luminaries of the financial world, including former Federal Reserve Chairman Paul Volcker, have signed a petition calling on lawmakers and regulatory authorities to expand the scope of fiduciary responsibilities to encompass more segments of the investment advisory industry, part of a month-long advocacy campaign the Institute for the Fiduciary Standard is planning in September.
The signatories plan to present their Fiduciary Declaration to Securities and Exchange Commission Chairman Mary Schapiro at a meeting on Sept. 11, an event the institute is billing as a highlight of a month it has designated "Fiduciary September."
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