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Two Sides Take Opposing View on Proposed Conflict of Interest Regs
Financial Advisor
Aug. 10, 2015
"The old standard, which does not require clients' interests to be the first consideration, is outdated and needs to be amended now, according to testimony given Monday by representatives of the Financial Planning Coalition ... At the same time, the Financial Services Roundtable (FSR) says the new rule is too complicated and will limit investors' access to financial advice. The FSR represents large financial services companies that provide banking, insurance and investment products and services."
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