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March 13, 2015

Wall Street wants big profits, ‘good enough’ advice

On one side: government and consumer groups that want investment advisers held to a higher standard designed to benefit clients. On the other side: Wall Street firms eager to sustain there cherished “good enough” standard of investing advice that has driven the gravy train of commissions for so many stock brokers.
Often at their clients’ expense.
***For the full Tampa Bay Times story by Robert Trigaux here.

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