On the recordApril 26, 2010
Investment advisers have a legal obligation to act in the best interests of their clients.
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congress.govInvestment advisers have a legal obligation to act in the best interests of their clients.
Senator Collins emphasizes the legal duty of investment advisers to prioritize client interests.
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Pocket rescissions are illegal, in my judgment, and contradict the will of Congress and the constitutional authority of Congress to appropriate funds.