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Elizabeth Warren @SenWarren

For years, I’ve fought the fancy trips, cars, & kickbacks retirement advisers can receive for selling lousy products to clients. The Obama @USDOL cracked down on these dangerous conflicts of interest until corporate lawyers & lobbyists gutted their rule. https://t.co/1jm5otfK3I — PolitiTweet.org

Annuity providers offer kickbacks – cruises, iPads, Super Bowl-style rings – so advisers will sell their products: https://t.co/1UyssWv9Yk

Posted July 3, 2020 Hibernated

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Elizabeth Warren @SenWarren

In 2016, @BarackObama's @USDOL wrote a strong conflict of interest rule so retirement advisers would have to put their clients' interests first. But in 2018, Eugene Scalia sued to overturn it. Now Scalia wants to replace it with a weaker standard. https://t.co/JCTxrTKXCe — PolitiTweet.org

Posted July 3, 2020 Hibernated

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Elizabeth Warren @SenWarren

In December I warned @USDOL not to propose a conflict of interest standard that mirrored the SEC's deeply flawed new rule for broker-dealers. It waters down the fiduciary standard that has governed advisers for decades. But that's what DOL did. https://t.co/xPcx5u19QN — PolitiTweet.org

Posted July 3, 2020 Hibernated