New rules altering brokerage relationships

(Reuters) - It's likely that you'll soon have to change -- or at least define more carefully -- the way your account is set up, so it pays to know what you're facing. Investors who get their financial advice through so-called "fee-based" accounts are most likely to be affected.




Here's the background: The Securities and Exchange Commission, which regulates financial advisers, had crafted its rules to allow advisers working at big brokerage firms to meet a lesser standard in terms of their responsibility to clients.


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