A disclosure document intended to highlight the differences between investment advisers and brokers instead blurs the line between them and should be fixed by the Securities and Exchange Commission, the Institute for the Fiduciary Standard said Wednesday. Three SEC commissioners ...

Fiduciary advocates are pushing the Securities and Exchange Commission to overhaul a document that is intended to help investors select a financial adviser because they say it doesn’t clarify the differences between investment advisers and brokers. The Institute for the ...