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IRI hopes to avoid ‘conflicting’ fiduciary rules

The organization wants to see proper coordination" in the regulatory push to impose a new fiduciary standard on broker-dealers.

By Paula Aven Gladych | Updated on October 31, 2013

The Insured Retirement Institute chimed in on a bill that would delay fiduciary rules intended to protect retirees from bad or self-serving financial advice.

On Tuesday, the U.S. House of Representatives’ passed the Retail Investor Protection Act, which would force the Securities and Exchange Commission and the U.S. Department of Labor to delay the release of their fiduciary rules.

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