Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) authorized the SEC to adopt a rule to require all professionals who provide personalized investment advice to retail customers to do so under a fiduciary standard of care that is no less stringent than the existing standard under the Investment Advisers Act of 1940 (Advisers Act). CFA and associated organizations continue to advocate for such a rulemaking and to urge the SEC to move forward expeditiously with a rulemaking consistent with Section 913.