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Explain the concept of a fiduciary duty, specifically as it relates to financial advisors. Do all financial advisors have such a duty? Explain the pros

Explain the concept of a fiduciary duty, specifically as it relates to financial advisors. Do all financial advisors have such a duty? Explain the pros and cons of the current Dept. of Labor policy related to fiduciaries and employee retirement accounts. Be specific/state reasons for your answers.

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