As Senate Banking Committee Chairman Christopher Dodd, D-Conn., continues to hammer out a bipartisan deal on financial regulatory reform, one advisor group is up in arms after a provision on the fiduciary standard was stripped out.
The Committee for the Fiduciary Standard, an investment advisor group, said in a statement issued Thursday, that it wants the portion to be reinstated when Dodd introduces the bill. He is expected to do that as early as next week. Yesterday, Dodd met with Republican Sen. Bob Corker of Tennessee and Treasury Secretary Timothy Geithner to discuss the financial regulatory reform bill.
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