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Fiduciary Rule Myths
Drinker Biddle Link to more items from this source
[Guidance Overview]
Feb. 19, 2018

"One of the requirements [of the Impartial Conduct Standards in the Best Interest Contract Exemption (BICE)] is that a recommendation be in the best interest of the customer. This best interest requirement may lead some to think that advisors have to meet an essentially impossible standard. As with a lowest-cost recommendation, however, a mandate to recommend the best investment is a myth[.]"

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