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This brokerage's efforts to adjust to the fiduciary rule deserve praise

Lets applaud Merrills efforts to adjust to the DOL fiduciary rule.

By Nir Kaissar | Updated on October 11, 2016
Mother Merrill -- as it’s affectionately called by its thundering herd of brokers -- is shifting to adjust to the fiduciary rule. (Photo: AP)

(Bloomberg) — Every financial advisor in the country has been debating the Department of Labor’s new fiduciary rule, arguing about whether or not it’s really good for investors.

For my part, I’m on the record saying that the rule — which requires brokers who work with retirement accounts to put their clients’ financial interests ahead of their own — is a boon for investors.  

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