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Wells Fargo’s Carroll: Fiduciary standard will ‘narrow’ investment choices

Wells Fargo & Co.'s head of brokerage operations said banks may reduce the number of investment products offered to customers if regulators impose a fiduciary standard on brokers.

Wells Fargo & Co.'s head of brokerage operations said banks may reduce the number of investment products offered to customers if regulators impose a fiduciary standard on brokers.

The U.S. Securities and Exchange Commission's proposal for a common fiduciary standard for brokers and registered adv

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