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AARP Says SEC Proposed 'Best Interest' Rules Fall Short, With Ill-Defined Standard, Confusing Disclosure Forms
August 08, 2018
WASHINGTON, Aug. 8 -- AARP issued the following news release:

The Securities and Exchange Commission's proposed "best interest" advice rule fails consumers with an ill-defined standard and confusing disclosure forms, according to an assessment by AARP.

In a series of comment letters filed with the SEC, AARP said that although the proposals are a good first step, they fail to protect consumers in two specific ways: the proposals do not clearly define the standa . . .

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