24-11-2016 18:36 via news.yahoo.com

Wall St. lawyers say retiree investment rule violates free speech

A group of lawyers representing insurance and securities brokerages have made a curious argument for why a federal court should kill a rule aimed at protecting retirement savers: It restricts Wall Street's First Amendment rights. In front of a packed federal courtroom in Dallas last week, plaintiffs attorneys fighting the Labor Department's fiduciary rule said it hinders free speech because it restricts what individuals selling retirement products will be able to say. The rule requires that brok
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