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7/1/2013: FINRA Has Already Established a Fiduciary Standard (The Prudent Investment Adviser Rules)
"What makes all of the stonewalling by the SEC and Congress even more amusing is that FINRA, the SRO for the financial services industry, has already clearly stated that brokers already have a legal duty to always put a customer's best interests first, especially with regard to financial interests.... [By] blocking a universal fiduciary standard that requires brokers to always act in a customer's 'best interests,' Congress and the SEC are actually preventing such harmony."
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