Better Markets Rips Wall Street Lawsuit to Upend Best Interest Fiduciary Duty Rule

"The U.S. Chamber of Commerce has joined with a group of Wall Street trade groups – including the Financial Services Institute, Financial Services Roundtable, and the Securities Industry and Financial Markets Association – and filed a lawsuit challenging the Department of Labor’s fiduciary rule for brokers and registered investment advisers.

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But Dennis Kelleher of Better Markets headlined the Chamber’s legal move as “Wall Street’s Desperate, Shameless Lawsuit to Protect Profits Over Its Clients’ Best Interests.”

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To read the full Corporate Crime Reporter Article click here.