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Current archive: May 1, 2012
Financial Industry Lobbyists Move to Delay Investor Protections
Written on:May 1, 2012
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It is certainly no surprise to readers of this site that the financial services industry ranks as one of the most reactionary in the U.S. For hundreds of years, it has always been “heads I win, tails you lose” for the individual investor. Now, the group dedicated to pushing through the adoption of a fiduciary standard acknowledges that its Washington D.C.-based lobbying efforts are failing. This is no surprise for…
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