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Brokers Are Two-Faced On Fiduciary Duty, Bar Group Says

By Cara Salvatore (March 25, 2015, 8:30 PM EDT) -- Brokers like Merrill Lynch and Charles Schwab advertise that they act in customers' best interests, but behind the closed doors of arbitration fights they say they have no such duty, according to a new report released Wednesday by the Public Investors Arbitration Bar Association, which said that without fiduciary duty rules brokers are acting like used-car salesmen....

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