Advisors and Broker Dealers Criticize Dodd's Reform Plan

In a highly anticipated move, Senate Banking Committee Chairman Christopher Dodd, introduced his financial regulatory reform bill with a key provision on the fiduciary standard taken out.

The decision by Dodd, D-Conn., which was expected, has frustrated investor groups who want the more stringent fiduciary standard to be applied to brokers as well as to financial planners who already abide by the rule...

Financial Planning: