The comment period for the proposed fiduciary rule in Massachusetts ended Friday, and proponents and challengers of this conduct standard battled it out once again.
Pro-fiduciary rule groups, including the Consumer Federation of America, say they “greatly appreciate states such as Massachusetts that are willing to step in to fill the regulatory void by providing the protections investors reasonably expect and desperately need.”
Nevada and New Jersey are also working on their own fiduciary rules.
