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Fiduciary Debate is '80% Political' -- Advocates Are Out-Lobbied by Wall Street Opponents
Fiduciary News Link to more items from this source
[Opinion]
Sept. 23, 2014
"Advocating for fiduciary principles involves both policy and politics. The current logjam in regulatory rulemaking at both agencies [the SEC and the DOL] fits the 80/20 rule: It's 80% political issues; 20% policy issues. Whereby, just a very small part of the reason for not proceeding is based on genuine differences of opinions based on the merits of the issues."

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