DOL fiduciary opponents point to UK experience to bolster their case
A ban on financial advisers' charging commissions in the United Kingdom has driven investors with small accounts out of the advice market, according to a mutual fund official in Europe, something that Department of Labor fiduciary opponents argue could happen here.
A regulation that bans financial advisers in the United Kingdom from charging commissions has driven investors with small accounts out of the advice market, a mutual fund executive contends, something that opponents of the Department of Labor's fiduciary proposal warn could happen in the U.S.
The
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