'Conflicted' Advice Costs $17 Billion a Year, Says Trial Lawyers

WASHINGTON "Conflicted advice" has cost consumers $80 billion in the five years since the Dodd-Frank Act passed, according to a trial lawyers' association. Inaction by the Securities and Exchange Commission on a fiduciary standard has cost American investors $17 billion per year, according to the report by the Public Investors Arbitration Bar Association , Norman, Okla.



http://ift.tt/1ytxzJU