“Wall Street is rarely outmaneuvered when it comes to public policy. The large brokerages and investment banks have a lot of money and influence in Washington, and any proposed rules they perceive to be ‘unworkable’ are usually smothered in challenges and demands for further analysis, or killed by sympathetic politicians.

So Dennis Kelleher has chosen to play the role of David, and despite being outspent and outmanned, there is some indication the head of investor advocate group Better Markets might be on the winning side this time.”

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Read the full Wealth Management article by Megan Leonhardt here.