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Fitch: US Labor Proposals May Squeeze Complex Financial Products

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NEW YORK--(BUSINESS WIRE)--Proposed regulations from the US Department of Labor aimed at reducing conflicts of interest between corporations providing investment/retirement products and selling agents could drive significant revamps of business practices for many registered investment advisors (RIA) and the financial advisors of broker dealers, says Fitch Ratings. As proposed, the new standards would greatly expand the universe of individuals and corporations covered under the 1974 Employee Ret

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