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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
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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