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June 1, 2010
NEW YORK — Your financial adviser might be acting like a doctor who prescribes certain medicine only because he's on a drug company's payroll and then neglects to tell you about it.
Not all brokers who sell stocks, bonds, annuities and other investments are required to put their clients' interests first. They can steer you into mutual funds or college savings plans that pad their firms' profits or their own commissions, and you might never know.
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