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| Testimony of ICI to House HELP Subcommittee Hearing on Restricting Access to Financial Advice: Evaluating the Costs and Consequences for Working Families and Retirees Investment Company Institute [ICI]  [Opinion] June 17, 2015 "The DOL justifies its proposed rule by claiming that this market suffers from a 'substantial' market failure, resulting in serious harm for retirement savers who invest through broker-dealers. But the Department's assertions do not stand up when tested against actual experience and data. Even worse, the DOL's proposal could actually have a significant net societal harm." |
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