States Pursue Their Own Broker-Conduct Rules

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States Pursue Their Own Broker-Conduct Rules
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Some Democrat-led states are drafting measures for investment-broker conduct rules in response to what they see as inadequate SEC standards

The state-level rule-making, primarily in states led by Democrats, comes as the Securities and Exchange Commission moves to finish its own national conduct requirements

for brokers paid by commission for investment advice. At issue are concerns about conflicts of interest, such as pay incentives that favor some investment products over others.

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