Warren says she’s concerned that financial firms are misleading their investors
by claiming they can deal with the increased costs of the fiduciary standard
while telling regulators that the proposal will create excessive hardships for
the industry.
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Senator Elizabeth Warren is seeking a government probe of advisory firms that have been talking out of both sides of their mouths when it comes to the Department of Labor's fiduciary standard. So reports The Hill.
Warren says she’s concerned that financial firms are misleading their investors
by claiming they can deal with the increased costs of the fiduciary standard
while telling regulators that the proposal will create excessive hardships for
the industry.