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The Logical Inconsistency of a Broker Fiduciary Standard
Morningstar Link to more items from this source
[Opinion]
Mar. 2, 2012
Reported attempts by federal regulatory authorities to devise a broker fiduciary standard, if enacted as the result of a successful political beat-down by the brokerage and insurance industries, would change that. But it wouldn't change the logical inconsistency of attempting to fit the square peg of brokers into the round hole of a fiduciary standard. Here's why.

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