SEC's Schapiro wants better, more harmonised advice for investors

Mary Schapiro, chairman of the Securities and Exchange Commission (SEC) has proposed setting new harmonised standards for US securities professionals. “We need to have a strong fiduciary standard for all securities professionals,” she said in a speech given to the Consumer Federation of America’s annual financial conference on Friday.
   
Schapiro is keen to harmonise the quality of advice from broker-dealers and investment advisers to increase consumer trust, as well as the likelihood that indiv