Washington (Aug. 27, 2004) -- The Financial Planning Association agreed not to oppose a motion filed in federal court by the Securities and Exchange Commission delaying a legal challenge until next year, giving the federal agency an opportunity to act on a controversial rule regarding the regulation of broker/dealers.

“We are very pleased that the SEC has responded in a constructive fashion by making this rulemaking an agency priority,” said FPA president Elizabeth Jetton. “We greatly appreciate the SEC’s effort to move the process forward in a timely manner."

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