August 30 Is SEC Comment Deadline on Fiduciary Issue

Monday, August 30, is the deadline for submitting comments to the Securities and Exchange Commission to “inform its study of the obligations and standards of care of broker-dealers and investment advisers providing personalized investment advice about securities to retail investors,” as the SEC put it in releasing the call for public comments on July 27.

The study is required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which became law on July 21, 2010 after a protracted legislative battle.