Relevant:
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2012-09-10 — americanbanker.com
``Retail investors typically put their money in the hands of broker-dealers or investment advisers. Brokers often earn commissions on sales and currently work under a professional standard that requires them to promote products "suitable" for clients. SEC-registered investment advisers often work for set fees and manage portfolios under a higher standard that their advice be in customers' "best interests."''
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