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August 18, 2015

US Retirement Investment Sales Threatened by ‘Fiduciary Rule’?

“WASHINGTON (MNI) – In the Washington arena where the financial industry jousts with public interest groups, the hills – including Capitol Hill – are alive with the sound of money and television ads and speeches and the little chimes of many, many emailed press releases reaching inboxes.”

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“Better Markets, an advocacy group that supports Dodd-Frank, argued during the hearings that Wall Street stood “to lose tens of billions of dollars if they have to put their clients’s interests above their own.”. It said objections from SIFMA and other opponents of the rule were “little more than self-interested scare tactics to protect their members’ lucrative income.”

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Read the full MNI Deutsche Borse Group article by Denny Gulino here.

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