08/15/2013 03:58 pm ET

Financial Industry Group to SEC: This Letter We Ghostwrote for House Dems Proves We're Right


On Tuesday, Mother Jones reported that a lobbyist for the Financial Services Institute (FSI), an industry trade group whose members stand to benefit from weaker investor protections, secretly wrote a letter signed by 32 progressive House Democrats aimed at scaling back new regulations the Department of Labor (DoL) wants to impose on retirement investment advisers.

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