The DOL's Phyllis Borzi, who says the proposed fiduciary definition follows ERISA's original intent.

Huge changes – including millions of dollars in compliance costs to the brokerage industry and higher costs to investors – are in store if the Department of Labor and Securities and Exchange Commission decide to adopt a uniform fiduciary standard.

It may be weeks, if not longer, before that decision is finalized but the question has been hanging over the industry’s head most of this year.

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