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Republicans vote that advisers have no best interest dutyBY ALEX DUNNIN | FRIDAY, 1 NOV 2013 10:30AM
In scenes reminiscent of Australia's looming political debate to wind back the adviser best interest duty, the Republican-dominated Congress in the US has voted for a bill that allows advisers to act without putting their clients' best interests first.
Read more: Australia, DOL, ERISA, SEC, US, Bloomberg reports, Congress, Department, Employee Retirement Income Security Act, Labor, Securities, SIFMA, Democrats, Exchange Commission, Financial Markets Association, Financial Planning, Frank-Dodd Act, Investments, IRA providers, President Obama, Republicans, Star news services, UK, US Senate
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