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Retired architect Steve Meadows poses for a photo March 6 at his home in the Venice area of Los Angeles. Meadows is angry that the brokerage industry is not held to the same high standards as his own industry. (AP Photo/Damian Dovarganes)

Small investors blame losses on brokers they once trusted

The White House is backing a proposed rule that would require brokers handling retirement accounts to put the interest of their clients ahead of their own, a so-called fiduciary standard long required of lawyers, doctors and some financial professionals like registered investment advisers.

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