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Setting a Fiduciary Standard That Puts Investors First: Problems with the DOL Rule
Vanguard Link to more items from this source
[Opinion]
Apr. 20, 2017
"[1] The current implementation plan calls for a piecemeal rollout of provisions.... [A] full review of the rule should be completed before any one element is made final.... [2] The rule currently defines 'investment advice' in broad terms. This sweeping definition brings with it regulatory requirements that are in some instances sensible but in many cases unnecessary.... [3] [T]he rule makes unnecessary distinctions between how advice is delivered ... the topic of advice ... and the type of client ... This fragmented approach is confusing, and will ultimately increase the complexity and cost of advice."

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