"While the text of the proposed rule is not even yet known, Wall Street knows that their best shot at stopping the DOL's proposed rule on conflicts of interest is that the rule never even sees the light of day. Of course, these same lobbyists have previously stated that they embrace a 'new federal fiduciary standard.' Hence, why are they objecting? Let's examine the three major arguments of these dozens of paid lobbyists and ascertain if they have any validity."

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