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FINRA Chief Says New Fiduciary Rule May Hurt IRA Offerings

By Jimmy Hoover ( May 27, 2015, 3:56 PM EDT) -- Financial Industry Regulatory Authority CEO Richard G. Ketchum on Wednesday joined a growing chorus of opposition to the U.S. Department of Labor's proposal for a new fiduciary standard for retirement account brokers, saying the rule creates regulatory uncertainty that may force firms to shut down their IRA businesses....

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