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The Short Scoop on Wall Street's Claim That the DOL Fiduciary Rule Is Too Long
RIABiz
[Opinion] July 20, 2016
"The broker-dealers and insurance companies, i.e. Wall Street lobbies, have recently berated the [DOL's] fiduciary rules for their length and complexity. Yet, a close examination reveals both the rules' elegance and how the DOL's strong effort to accommodate Wall Street compensation practices was the reason for the rules' reputed length."
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