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Kenneth E. Bentsen, Jr., the president and CEO of SIFMA urges caution as the Obama administration considers a revamp of retirement savings regulation.
President Barack Obama announced Monday that he wants to see “major actions” taken to update the rules governing retirement savings that will focus on conflicts of interest. The White House will be directing the Department of Labor (DOL) to “crack down on Wall Street” in order to protect investors from conflicted retirement advice, officials say....
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