State fiduciary rules slow down amid pandemic, political transition
The pandemic delayed action in several states to finalize fiduciary rules
Efforts to implement fiduciary rules in New Jersey, Nevada and Massachusetts are in limbo
Efforts to raise the investment advice standard for brokers at the state level stalled in 2020 due to the pandemic and could remain quiescent following political turnover in Washington.
In April 2019, New Jersey proposed a regulation that would impose a fiduciary duty on brokers. The measure had
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