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Proposed Legislation Would Kill DOL's Fiduciary Rule, Create Best Interest Standard for Broker-Dealers
LegalNewsLine.com
Oct. 5, 2017 "U.S. Rep. Ann Wagner has introduced legislation that would ... repeal the DOL's fiduciary rule; create a best interest standard for broker-dealers; require broker-dealers to disclose compensation they receive and any conflict of interest that exists; limit U.S. [SEC] rulemaking authority under Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act; prevent the Department of Treasury and DOL from promulgating fiduciary regulations on broker-dealers under [ERISA]; and preempt state laws." MORE >> |
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