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Amid the summer doldrums, twelve industry big wigs have signed a letter calling for Congress, the SEC, and the DOL to extend the fiduciary standard to those who give investment advice. But will their effort pay off?
What better place than Florida, the retirement capital of the world, to see how registered reps can screw up selling something like life insurance.
Take the case of the Poughkeepsie, N.Y. brokerage firm, Prime Capital Services Inc. and its f...