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SIFMA Raises Concerns with Proposed Fiduciary Standard at DOL Hearing
Securities Industry and Financial Markets Association [SIFMA] 
[Opinion] Aug. 10, 2015
"SIFMA's members have long called for the implementation of a best interest or uniform fiduciary standard of care for brokers and advisors when providing personalized investment advice. On that the record is quite clear. Rather, we disagree with the process whereby one agency is developing yet another standard that will apply to only one sector of the retail investment market.... The bifurcation of standards will create confusion both for investors and the providers who must comply."
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