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Interesting Angles on the DOL's Fiduciary Rule, Part 22
FredReish.com Link to more items from this source
Oct. 5, 2016

"Based on the wording of the new fiduciary rule, if a bank employee recommends that an IRA invest in a certificate of deposit, and is compensated directly or indirectly for that recommendation, it is a fiduciary act for compensation. (The bonus, or bonus credit, is the compensation.) Since the bank employee is being paid compensation that is not stated and level, the payment is a prohibited transaction."

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