The FSI has announced that it supports legislation calling for a self-regulatory organization to help address the ongoing battle over a unified fiduciary standard.

Financial Services Committee chair Spencer Bachus (R-La) introduced the legislation. In a release, the FSI says it hs long called for a unified standard and has endorsed FINRA to act as the SRO for retail investment advisors. FSI’s own polling suggests three-quarters of advisors support the idea.

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