AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Joint-Trade Letter Concerning H.R. 1988, 'The Conflicted Investment Advice Prohibition Act of 2009' (PDF)
U.S. Chamber of Commerce [Opinion] June 25, 2009 2 pages. Excerpt: Under ERISA, anyone providing investment advice to a plan or its participants or beneficiaries is already a fiduciary and subject to the highest standards of duty. There is no evidence of a violation of these standards, and Representative Andrews has not presented evidence of any problems with the current system. HR 1988 is not necessary. By establishing new barriers for firms who are well-qualified to provide advice, it will result in fewer American workers, including baby-boomers approaching retirement, receiving critically important investment advice. |
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