On the recordJuly 12, 2017
A broker adviser could simply give advice to purchase or recommend the purchase of whatever product gives the highest commission, as long as it is 'suitable.'
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congress.govA broker adviser could simply give advice to purchase or recommend the purchase of whatever product gives the highest commission, as long as it is 'suitable.'
Lynch critiques the loose standards allowing brokers to prioritize commissions over clients' best interests.
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