Financial Planning Coalition Statement on SEC Fiduciary Standards Meeting

Washington, D.C., April 18, 2018 – The Financial Planning Coalition – comprising Certified Financial Planner Board of Standards, Inc. (CFP Board), the Financial Planning Association® (FPA®) and the National Association of Personal Financial Advisors (NAPFA) – issued the following statement in advance of the Securities and Exchange Commission meeting on fiduciary standards.

“Today, the SEC will finally have a meeting that should have happened nearly eight years ago when Congress explicitly authorized the SEC to enact a fiduciary rule under the Dodd-Frank Act. We expect to hear the Commissioners express support for this important consumer protection and that the proposed rule will have meaningful language providing American investors a fiduciary standard of care. We look forward to reviewing the SEC’s proposal and to submitting our comments as part of the public comment process.”