An article in yesterday’s Wall Street Journal provides a good, short overview of the issues and differing viewpoints surrounding the SEC’s upcoming broker-dealer fiduciary duty rulemaking.   As the article correctly points out, registered investment advisers have long been held to a fiduciary standard vis-a-vis their clients.  The brokerage industry has generally resisted having any fiduciary obliations imposed on its activities.  Stay tuned for what most certainly will be a heavily debated part of the implemenation of the Dodd-Frank Act.