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.govSteve Lynch: “A broker adviser could simply give advice to purchase or recommend the purchase of whatever product gives the highest…”
Editor's note · Context
Lynch critiques the loose standards allowing brokers to prioritize commissions over clients' best interests.
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