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Sometimes you gotta wonder – are regulators working for the people they’re supposed to protect, or the lawyers that seem to find a way to use imprecise language to discover ways to protect people, albeit for a modest percentage, of course.

The DOL’s new “Conflict-of-Interest” Rule seems more the latter. In fact, you could probably call it the DOL’s new “Interest-of-Conflict” Rule. In other words, certain parties are bound to have a pecuniary interest in the conflicts the DOL sought to purge but ended up venerating the very thing. How could this be so?

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