Investment Advisor says FPA wants to know and they want to know now. In an pre-emptive move in leiu of ruling from a federal appeals court in its challenge to the Merrill Lynch rule, FPA sent a formal letter to the SEC seeking to understand the differences between financial planning and fee-based brokerage services. With violations of the rule the subject of an recent article the firm presumably wants to know they are among the trespassers. 

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