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Is Famed Fiduciary Advocate Ron Rhoades Ready to Concede Defeat?
Fiduciary News Link to more items from this source
Apr. 22, 2014
"[Rhoades recently predicted that the] DOL's new Fiduciary Rule will not apply to IRAs and the SEC will offer a 'New Federal Fiduciary Standard.' This new standard would include the same suitability standard as currently practiced by non-fiduciaries but with 'casual disclosure' requirements added on.... While an industry sponsored study claims billions of dollars in retirement assets will leave brokers if the DOL's proposed Fiduciary Rule were to include IRA, Rhoades says what the industry doesn't tell you is that it's really a migration already taking place."

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