id	sid	tid	token	lemma	pos
cblr-1730	1	1	microsoft	microsoft	PROPN
cblr-1730	1	2	word	word	NOUN
cblr-1730	1	3	6_2017.3_smith_final.docx	6_2017.3_smith_final.docx	PROPN
cblr-1730	1	4	smith	smith	PROPN
cblr-1730	1	5	–	–	PUNCT
cblr-1730	1	6	final	final	ADJ
cblr-1730	1	7	advisers	adviser	NOUN
cblr-1730	1	8	,	,	PUNCT
cblr-1730	1	9	brokers	broker	NOUN
cblr-1730	1	10	,	,	PUNCT
cblr-1730	1	11	and	and	CCONJ
cblr-1730	1	12	online	online	ADJ
cblr-1730	1	13	platforms	platform	NOUN
cblr-1730	1	14	:	:	PUNCT
cblr-1730	1	15	how	how	SCONJ
cblr-1730	1	16	a	a	DET
cblr-1730	1	17	uniform	uniform	ADJ
cblr-1730	1	18	fiduciary	fiduciary	ADJ
cblr-1730	1	19	duty	duty	NOUN
cblr-1730	1	20	will	will	AUX
cblr-1730	1	21	better	well	ADV
cblr-1730	1	22	serve	serve	VERB
cblr-1730	1	23	investors	investors	PROPN
cblr-1730	1	24	alec	alec	PROPN
cblr-1730	1	25	smith	smith	PROPN
cblr-1730	1	26	*	*	PROPN
cblr-1730	1	27	the	the	DET
cblr-1730	1	28	differences	difference	NOUN
cblr-1730	1	29	between	between	ADP
cblr-1730	1	30	investment	investment	NOUN
cblr-1730	1	31	advisers	adviser	NOUN
cblr-1730	1	32	and	and	CCONJ
cblr-1730	1	33	brokers	broker	NOUN
cblr-1730	1	34	have	have	VERB
cblr-1730	1	35	long	long	ADV
cblr-1730	1	36	confused	confuse	VERB
cblr-1730	1	37	retail	retail	ADJ
cblr-1730	1	38	investors	investor	NOUN
cblr-1730	1	39	.	.	PUNCT
cblr-1730	2	1	despite	despite	SCONJ
cblr-1730	2	2	different	different	ADJ
cblr-1730	2	3	governing	governing	NOUN
cblr-1730	2	4	statutes	statute	NOUN
cblr-1730	2	5	,	,	PUNCT
cblr-1730	2	6	many	many	ADJ
cblr-1730	2	7	investors	investor	NOUN
cblr-1730	2	8	are	be	AUX
cblr-1730	2	9	still	still	ADV
cblr-1730	2	10	left	leave	VERB
cblr-1730	2	11	wondering	wonder	VERB
cblr-1730	2	12	as	as	SCONJ
cblr-1730	2	13	to	to	PART
cblr-1730	2	14	which	which	DET
cblr-1730	2	15	services	service	NOUN
cblr-1730	2	16	each	each	PRON
cblr-1730	2	17	provides	provide	VERB
cblr-1730	2	18	and	and	CCONJ
cblr-1730	2	19	to	to	PART
cblr-1730	2	20	which	which	DET
cblr-1730	2	21	legal	legal	ADJ
cblr-1730	2	22	standard	standard	NOUN
cblr-1730	2	23	they	they	PRON
cblr-1730	2	24	are	be	AUX
cblr-1730	2	25	subject	subject	ADJ
cblr-1730	2	26	.	.	PUNCT
cblr-1730	3	1	adding	add	VERB
cblr-1730	3	2	to	to	ADP
cblr-1730	3	3	this	this	DET
cblr-1730	3	4	problem	problem	NOUN
cblr-1730	3	5	has	have	AUX
cblr-1730	3	6	been	be	AUX
cblr-1730	3	7	the	the	DET
cblr-1730	3	8	rise	rise	NOUN
cblr-1730	3	9	of	of	ADP
cblr-1730	3	10	online	online	ADJ
cblr-1730	3	11	and	and	CCONJ
cblr-1730	3	12	mobile	mobile	ADJ
cblr-1730	3	13	platforms	platform	NOUN
cblr-1730	3	14	for	for	ADP
cblr-1730	3	15	investing	invest	VERB
cblr-1730	3	16	that	that	PRON
cblr-1730	3	17	offer	offer	VERB
cblr-1730	3	18	many	many	ADJ
cblr-1730	3	19	of	of	ADP
cblr-1730	3	20	the	the	DET
cblr-1730	3	21	same	same	ADJ
cblr-1730	3	22	services	service	NOUN
cblr-1730	3	23	and	and	CCONJ
cblr-1730	3	24	compensation	compensation	NOUN
cblr-1730	3	25	structures	structure	NOUN
cblr-1730	3	26	as	as	ADP
cblr-1730	3	27	advisers	adviser	NOUN
cblr-1730	3	28	and	and	CCONJ
cblr-1730	3	29	brokers	broker	NOUN
cblr-1730	3	30	,	,	PUNCT
cblr-1730	3	31	yet	yet	CCONJ
cblr-1730	3	32	subject	subject	ADJ
cblr-1730	3	33	investors	investor	NOUN
cblr-1730	3	34	to	to	ADP
cblr-1730	3	35	a	a	DET
cblr-1730	3	36	third	third	ADJ
cblr-1730	3	37	distinct	distinct	ADJ
cblr-1730	3	38	level	level	NOUN
cblr-1730	3	39	of	of	ADP
cblr-1730	3	40	legal	legal	ADJ
cblr-1730	3	41	protection	protection	NOUN
cblr-1730	3	42	.	.	PUNCT
cblr-1730	4	1	this	this	DET
cblr-1730	4	2	note	note	NOUN
cblr-1730	4	3	identifies	identify	VERB
cblr-1730	4	4	the	the	DET
cblr-1730	4	5	problems	problem	NOUN
cblr-1730	4	6	inherent	inherent	ADJ
cblr-1730	4	7	in	in	ADP
cblr-1730	4	8	the	the	DET
cblr-1730	4	9	current	current	ADJ
cblr-1730	4	10	system	system	NOUN
cblr-1730	4	11	and	and	CCONJ
cblr-1730	4	12	explores	explore	VERB
cblr-1730	4	13	several	several	ADJ
cblr-1730	4	14	possible	possible	ADJ
cblr-1730	4	15	solutions	solution	NOUN
cblr-1730	4	16	that	that	PRON
cblr-1730	4	17	could	could	AUX
cblr-1730	4	18	reduce	reduce	VERB
cblr-1730	4	19	consumer	consumer	NOUN
cblr-1730	4	20	confusion	confusion	NOUN
cblr-1730	4	21	and	and	CCONJ
cblr-1730	4	22	potential	potential	ADJ
cblr-1730	4	23	investor	investor	NOUN
cblr-1730	4	24	harm	harm	NOUN
cblr-1730	4	25	with	with	ADP
cblr-1730	4	26	minimal	minimal	ADJ
cblr-1730	4	27	impact	impact	NOUN
cblr-1730	4	28	on	on	ADP
cblr-1730	4	29	market	market	NOUN
cblr-1730	4	30	efficiency	efficiency	NOUN
cblr-1730	4	31	.	.	PUNCT
cblr-1730	5	1	in	in	ADP
cblr-1730	5	2	the	the	DET
cblr-1730	5	3	end	end	NOUN
cblr-1730	5	4	,	,	PUNCT
cblr-1730	5	5	this	this	DET
cblr-1730	5	6	note	note	NOUN
cblr-1730	5	7	identifies	identify	VERB
cblr-1730	5	8	the	the	DET
cblr-1730	5	9	need	need	NOUN
cblr-1730	5	10	for	for	ADP
cblr-1730	5	11	new	new	ADJ
cblr-1730	5	12	legislation	legislation	NOUN
cblr-1730	5	13	governing	govern	VERB
cblr-1730	5	14	all	all	DET
cblr-1730	5	15	financial	financial	ADJ
cblr-1730	5	16	advisers	adviser	NOUN
cblr-1730	5	17	,	,	PUNCT
cblr-1730	5	18	which	which	PRON
cblr-1730	5	19	creates	create	VERB
cblr-1730	5	20	a	a	DET
cblr-1730	5	21	unified	unified	ADJ
cblr-1730	5	22	fiduciary	fiduciary	ADJ
cblr-1730	5	23	standard	standard	NOUN
cblr-1730	5	24	across	across	ADP
cblr-1730	5	25	all	all	DET
cblr-1730	5	26	three	three	NUM
cblr-1730	5	27	forms	form	NOUN
cblr-1730	5	28	of	of	ADP
cblr-1730	5	29	financial	financial	ADJ
cblr-1730	5	30	adviser	adviser	NOUN
cblr-1730	5	31	as	as	ADP
cblr-1730	5	32	the	the	DET
cblr-1730	5	33	optimal	optimal	ADJ
cblr-1730	5	34	solution	solution	NOUN
cblr-1730	5	35	.	.	PUNCT
cblr-1730	6	1	this	this	DET
cblr-1730	6	2	note	note	NOUN
cblr-1730	6	3	illustrates	illustrate	VERB
cblr-1730	6	4	the	the	DET
cblr-1730	6	5	precedent	precedent	NOUN
cblr-1730	6	6	for	for	ADP
cblr-1730	6	7	such	such	DET
cblr-1730	6	8	an	an	DET
cblr-1730	6	9	extension	extension	NOUN
cblr-1730	6	10	of	of	ADP
cblr-1730	6	11	fiduciary	fiduciary	ADJ
cblr-1730	6	12	obligations	obligation	NOUN
cblr-1730	6	13	as	as	ADV
cblr-1730	6	14	well	well	ADV
cblr-1730	6	15	as	as	ADP
cblr-1730	6	16	how	how	SCONJ
cblr-1730	6	17	this	this	DET
cblr-1730	6	18	standard	standard	NOUN
cblr-1730	6	19	must	must	AUX
cblr-1730	6	20	be	be	AUX
cblr-1730	6	21	tailored	tailor	VERB
cblr-1730	6	22	to	to	PART
cblr-1730	6	23	best	well	ADV
cblr-1730	6	24	balance	balance	VERB
cblr-1730	6	25	the	the	DET
cblr-1730	6	26	interests	interest	NOUN
cblr-1730	6	27	of	of	ADP
cblr-1730	6	28	both	both	DET
cblr-1730	6	29	investors	investor	NOUN
cblr-1730	6	30	and	and	CCONJ
cblr-1730	6	31	financial	financial	ADJ
cblr-1730	6	32	advisers	adviser	NOUN
cblr-1730	6	33	.	.	PUNCT
cblr-1730	7	1	i.	i.	PROPN
cblr-1730	7	2	introduction	introduction	NOUN
cblr-1730	7	3	..............................................................	..............................................................	PUNCT
cblr-1730	7	4	1201	1201	NUM
cblr-1730	7	5	ii	ii	PROPN
cblr-1730	7	6	.	.	PUNCT
cblr-1730	8	1	background	background	NOUN
cblr-1730	8	2	on	on	ADP
cblr-1730	8	3	fiduciary	fiduciary	ADJ
cblr-1730	8	4	duties	duty	NOUN
cblr-1730	8	5	and	and	CCONJ
cblr-1730	8	6	compensation	compensation	NOUN
cblr-1730	8	7	structures	structure	NOUN
cblr-1730	8	8	for	for	ADP
cblr-1730	8	9	financial	financial	ADJ
cblr-1730	8	10	advisers	adviser	NOUN
cblr-1730	8	11	,	,	PUNCT
cblr-1730	8	12	brokers	broker	NOUN
cblr-1730	8	13	,	,	PUNCT
cblr-1730	8	14	and	and	CCONJ
cblr-1730	8	15	online	online	ADJ
cblr-1730	8	16	platforms	platform	NOUN
cblr-1730	8	17	..................................................................	..................................................................	PUNCT
cblr-1730	8	18	1203	1203	NUM
cblr-1730	8	19	a.	a.	NOUN
cblr-1730	8	20	evolution	evolution	NOUN
cblr-1730	8	21	and	and	CCONJ
cblr-1730	8	22	extension	extension	NOUN
cblr-1730	8	23	of	of	ADP
cblr-1730	8	24	fiduciary	fiduciary	ADJ
cblr-1730	8	25	duties	duty	NOUN
cblr-1730	8	26	from	from	ADP
cblr-1730	8	27	advisers	adviser	NOUN
cblr-1730	8	28	to	to	ADP
cblr-1730	8	29	brokers	broker	NOUN
cblr-1730	8	30	............................................	............................................	PUNCT
cblr-1730	8	31	1203	1203	NUM
cblr-1730	8	32	*	*	PUNCT
cblr-1730	8	33	j.d	j.d	PROPN
cblr-1730	8	34	.	.	PROPN
cblr-1730	8	35	candidate	candidate	NOUN
cblr-1730	8	36	2018	2018	NUM
cblr-1730	8	37	,	,	PUNCT
cblr-1730	8	38	columbia	columbia	PROPN
cblr-1730	8	39	law	law	PROPN
cblr-1730	8	40	school	school	NOUN
cblr-1730	8	41	;	;	PUNCT
cblr-1730	8	42	b.a	b.a	PROPN
cblr-1730	8	43	.	.	PROPN
cblr-1730	8	44	2015	2015	NUM
cblr-1730	8	45	,	,	PUNCT
cblr-1730	8	46	northwestern	northwestern	ADJ
cblr-1730	8	47	university	university	NOUN
cblr-1730	8	48	.	.	PUNCT
cblr-1730	9	1	many	many	ADJ
cblr-1730	9	2	thanks	thank	NOUN
cblr-1730	9	3	to	to	ADP
cblr-1730	9	4	professor	professor	PROPN
cblr-1730	9	5	merritt	merritt	PROPN
cblr-1730	9	6	fox	fox	PROPN
cblr-1730	9	7	for	for	ADP
cblr-1730	9	8	his	his	PRON
cblr-1730	9	9	comments	comment	NOUN
cblr-1730	9	10	and	and	CCONJ
cblr-1730	9	11	guidance	guidance	NOUN
cblr-1730	9	12	throughout	throughout	ADP
cblr-1730	9	13	the	the	DET
cblr-1730	9	14	note	note	NOUN
cblr-1730	9	15	process	process	NOUN
cblr-1730	9	16	.	.	PUNCT
cblr-1730	10	1	i	i	PRON
cblr-1730	10	2	would	would	AUX
cblr-1730	10	3	also	also	ADV
cblr-1730	10	4	like	like	VERB
cblr-1730	10	5	to	to	PART
cblr-1730	10	6	thank	thank	VERB
cblr-1730	10	7	the	the	DET
cblr-1730	10	8	staff	staff	NOUN
cblr-1730	10	9	and	and	CCONJ
cblr-1730	10	10	editors	editor	NOUN
cblr-1730	10	11	of	of	ADP
cblr-1730	10	12	the	the	DET
cblr-1730	10	13	columbia	columbia	PROPN
cblr-1730	10	14	business	business	PROPN
cblr-1730	10	15	law	law	PROPN
cblr-1730	10	16	review	review	NOUN
cblr-1730	10	17	for	for	ADP
cblr-1730	10	18	their	their	PRON
cblr-1730	10	19	hard	hard	ADJ
cblr-1730	10	20	work	work	NOUN
cblr-1730	10	21	in	in	ADP
cblr-1730	10	22	preparing	prepare	VERB
cblr-1730	10	23	this	this	DET
cblr-1730	10	24	note	note	NOUN
cblr-1730	10	25	for	for	ADP
cblr-1730	10	26	publication	publication	NOUN
cblr-1730	10	27	.	.	PUNCT
cblr-1730	11	1	smith	smith	PROPN
cblr-1730	11	2	–	–	PUNCT
cblr-1730	11	3	final	final	ADJ
cblr-1730	11	4	no	no	NOUN
cblr-1730	11	5	.	.	PUNCT
cblr-1730	12	1	3:1200	3:1200	NUM
cblr-1730	12	2	]	]	X
cblr-1730	12	3	a	a	DET
cblr-1730	12	4	uniform	uniform	ADJ
cblr-1730	12	5	fiduciary	fiduciary	ADJ
cblr-1730	12	6	duty	duty	PROPN
cblr-1730	12	7	1201	1201	PROPN
cblr-1730	12	8	b.	b.	PROPN
cblr-1730	12	9	relationship	relationship	NOUN
cblr-1730	12	10	between	between	ADP
cblr-1730	12	11	brokers	broker	NOUN
cblr-1730	12	12	and	and	CCONJ
cblr-1730	12	13	online	online	ADJ
cblr-1730	12	14	investment	investment	NOUN
cblr-1730	12	15	platforms	platform	NOUN
cblr-1730	12	16	.........................................	.........................................	PUNCT
cblr-1730	12	17	1209	1209	NUM
cblr-1730	12	18	iii	iii	X
cblr-1730	12	19	.	.	PUNCT
cblr-1730	13	1	current	current	ADJ
cblr-1730	13	2	problems	problem	NOUN
cblr-1730	13	3	facing	face	VERB
cblr-1730	13	4	online	online	ADJ
cblr-1730	13	5	investor	investor	NOUN
cblr-1730	13	6	protection	protection	NOUN
cblr-1730	13	7	..................................................................	..................................................................	PUNCT
cblr-1730	14	1	1212	1212	NUM
cblr-1730	14	2	a.	a.	NOUN
cblr-1730	14	3	courts	court	NOUN
cblr-1730	14	4	’	’	PART
cblr-1730	14	5	current	current	ADJ
cblr-1730	14	6	approach	approach	NOUN
cblr-1730	14	7	to	to	ADP
cblr-1730	14	8	protecting	protect	VERB
cblr-1730	14	9	online	online	ADJ
cblr-1730	14	10	investors	investor	NOUN
cblr-1730	14	11	..............................................................	..............................................................	PUNCT
cblr-1730	15	1	1212	1212	NUM
cblr-1730	15	2	b.	b.	PROPN
cblr-1730	15	3	problems	problem	NOUN
cblr-1730	15	4	facing	face	VERB
cblr-1730	15	5	the	the	DET
cblr-1730	15	6	current	current	ADJ
cblr-1730	15	7	contract	contract	NOUN
cblr-1730	15	8	-	-	PUNCT
cblr-1730	15	9	based	base	VERB
cblr-1730	15	10	approaches	approach	NOUN
cblr-1730	15	11	..........................................................	..........................................................	PUNCT
cblr-1730	15	12	1216	1216	NUM
cblr-1730	15	13	c.	c.	NOUN
cblr-1730	15	14	problems	problem	NOUN
cblr-1730	15	15	facing	face	VERB
cblr-1730	15	16	a	a	DET
cblr-1730	15	17	suitability	suitability	NOUN
cblr-1730	15	18	rule	rule	NOUN
cblr-1730	15	19	for	for	ADP
cblr-1730	15	20	online	online	ADJ
cblr-1730	15	21	platforms	platform	NOUN
cblr-1730	15	22	.............................................................	.............................................................	PUNCT
cblr-1730	16	1	1224	1224	NUM
cblr-1730	16	2	d.	d.	PROPN
cblr-1730	16	3	problems	problem	NOUN
cblr-1730	16	4	facing	face	VERB
cblr-1730	16	5	a	a	DET
cblr-1730	16	6	unified	unified	ADJ
cblr-1730	16	7	fiduciary	fiduciary	ADJ
cblr-1730	16	8	standard	standard	NOUN
cblr-1730	16	9	..............................................................	..............................................................	PUNCT
cblr-1730	16	10	1226	1226	NUM
cblr-1730	16	11	iv	iv	NOUN
cblr-1730	16	12	.	.	PUNCT
cblr-1730	16	13	recommendation	recommendation	NOUN
cblr-1730	16	14	:	:	PUNCT
cblr-1730	16	15	a	a	DET
cblr-1730	16	16	two	two	NUM
cblr-1730	16	17	-	-	PUNCT
cblr-1730	16	18	step	step	NOUN
cblr-1730	16	19	solution	solution	NOUN
cblr-1730	16	20	..................	..................	PUNCT
cblr-1730	16	21	1233	1233	NUM
cblr-1730	16	22	a.	a.	NOUN
cblr-1730	16	23	unify	unify	VERB
cblr-1730	16	24	advisers	adviser	NOUN
cblr-1730	16	25	,	,	PUNCT
cblr-1730	16	26	brokers	broker	NOUN
cblr-1730	16	27	,	,	PUNCT
cblr-1730	16	28	and	and	CCONJ
cblr-1730	16	29	online	online	ADJ
cblr-1730	16	30	and	and	CCONJ
cblr-1730	16	31	mobile	mobile	ADJ
cblr-1730	16	32	platforms	platform	NOUN
cblr-1730	16	33	under	under	ADP
cblr-1730	16	34	fiduciary	fiduciary	ADJ
cblr-1730	16	35	duty	duty	NOUN
cblr-1730	16	36	.......................	.......................	PUNCT
cblr-1730	16	37	1233	1233	NUM
cblr-1730	16	38	b.	b.	NOUN
cblr-1730	16	39	separate	separate	ADJ
cblr-1730	16	40	by	by	ADP
cblr-1730	16	41	service	service	NOUN
cblr-1730	16	42	............................................	............................................	PUNCT
cblr-1730	16	43	1236	1236	NUM
cblr-1730	16	44	c.	c.	NOUN
cblr-1730	16	45	likelihood	likelihood	NOUN
cblr-1730	16	46	of	of	ADP
cblr-1730	16	47	enactment	enactment	NOUN
cblr-1730	16	48	....................................	....................................	PUNCT
cblr-1730	17	1	1238	1238	NUM
cblr-1730	17	2	v.	v.	ADP
cblr-1730	17	3	conclusion	conclusion	NOUN
cblr-1730	17	4	................................................................	................................................................	PUNCT
cblr-1730	17	5	1243	1243	NUM
cblr-1730	17	6	i.	i.	NOUN
cblr-1730	17	7	introduction	introduction	NOUN
cblr-1730	17	8	the	the	DET
cblr-1730	17	9	continuing	continue	VERB
cblr-1730	17	10	rise	rise	NOUN
cblr-1730	17	11	of	of	ADP
cblr-1730	17	12	online	online	ADJ
cblr-1730	17	13	retail	retail	ADJ
cblr-1730	17	14	investment	investment	NOUN
cblr-1730	17	15	activity	activity	NOUN
cblr-1730	17	16	,	,	PUNCT
cblr-1730	17	17	in	in	ADP
cblr-1730	17	18	terms	term	NOUN
cblr-1730	17	19	of	of	ADP
cblr-1730	17	20	both	both	CCONJ
cblr-1730	17	21	the	the	DET
cblr-1730	17	22	number	number	NOUN
cblr-1730	17	23	of	of	ADP
cblr-1730	17	24	trading	trading	NOUN
cblr-1730	17	25	platforms	platform	NOUN
cblr-1730	17	26	and	and	CCONJ
cblr-1730	17	27	the	the	DET
cblr-1730	17	28	number	number	NOUN
cblr-1730	17	29	of	of	ADP
cblr-1730	17	30	customer	customer	NOUN
cblr-1730	17	31	brokerage	brokerage	NOUN
cblr-1730	17	32	accounts,1	accounts,1	VERB
cblr-1730	17	33	has	have	AUX
cblr-1730	17	34	continued	continue	VERB
cblr-1730	17	35	to	to	PART
cblr-1730	17	36	fuel	fuel	VERB
cblr-1730	17	37	the	the	DET
cblr-1730	17	38	ongoing	ongoing	ADJ
cblr-1730	17	39	debate	debate	NOUN
cblr-1730	17	40	as	as	ADP
cblr-1730	17	41	to	to	ADP
cblr-1730	17	42	how	how	SCONJ
cblr-1730	17	43	far	far	ADV
cblr-1730	17	44	fiduciary	fiduciary	ADJ
cblr-1730	17	45	duties	duty	NOUN
cblr-1730	17	46	should	should	AUX
cblr-1730	17	47	extend	extend	VERB
cblr-1730	17	48	within	within	ADP
cblr-1730	17	49	the	the	DET
cblr-1730	17	50	securities	security	NOUN
cblr-1730	17	51	industry	industry	NOUN
cblr-1730	17	52	.	.	PUNCT
cblr-1730	18	1	traditionally	traditionally	ADV
cblr-1730	18	2	,	,	PUNCT
cblr-1730	18	3	judicial	judicial	ADJ
cblr-1730	18	4	decisions	decision	NOUN
cblr-1730	18	5	interpreting	interpret	VERB
cblr-1730	18	6	the	the	DET
cblr-1730	18	7	investment	investment	NOUN
cblr-1730	18	8	advisers	adviser	NOUN
cblr-1730	18	9	act	act	VERB
cblr-1730	18	10	of	of	ADP
cblr-1730	18	11	1940	1940	NUM
cblr-1730	18	12	(	(	PUNCT
cblr-1730	18	13	the	the	DET
cblr-1730	18	14	“	"	PUNCT
cblr-1730	18	15	iaa	iaa	NOUN
cblr-1730	18	16	”	"	PUNCT
cblr-1730	18	17	)	)	PUNCT
cblr-1730	18	18	have	have	AUX
cblr-1730	18	19	found	find	VERB
cblr-1730	18	20	that	that	SCONJ
cblr-1730	18	21	it	it	PRON
cblr-1730	18	22	creates	create	VERB
cblr-1730	18	23	a	a	DET
cblr-1730	18	24	fiduciary	fiduciary	ADJ
cblr-1730	18	25	duty	duty	NOUN
cblr-1730	18	26	for	for	ADP
cblr-1730	18	27	investment	investment	NOUN
cblr-1730	18	28	advisers	adviser	NOUN
cblr-1730	18	29	(	(	PUNCT
cblr-1730	18	30	“	"	PUNCT
cblr-1730	18	31	advisers	adviser	NOUN
cblr-1730	18	32	”	"	PUNCT
cblr-1730	18	33	)	)	PUNCT
cblr-1730	18	34	to	to	PART
cblr-1730	18	35	advance	advance	VERB
cblr-1730	18	36	their	their	PRON
cblr-1730	18	37	clients	client	NOUN
cblr-1730	18	38	’	’	PART
cblr-1730	18	39	best	good	ADJ
cblr-1730	18	40	interests	interest	NOUN
cblr-1730	18	41	and	and	CCONJ
cblr-1730	18	42	to	to	PART
cblr-1730	18	43	continually	continually	ADV
cblr-1730	18	44	monitor	monitor	VERB
cblr-1730	18	45	their	their	PRON
cblr-1730	18	46	accounts.2	accounts.2	NOUN
cblr-1730	18	47	conversely	conversely	ADV
cblr-1730	18	48	,	,	PUNCT
cblr-1730	18	49	the	the	DET
cblr-1730	18	50	securities	securities	PROPN
cblr-1730	18	51	exchange	exchange	PROPN
cblr-1730	18	52	act	act	NOUN
cblr-1730	18	53	of	of	ADP
cblr-1730	18	54	1934	1934	NUM
cblr-1730	18	55	(	(	PUNCT
cblr-1730	18	56	the	the	DET
cblr-1730	18	57	“	"	PUNCT
cblr-1730	18	58	sea	sea	NOUN
cblr-1730	18	59	”	"	PUNCT
cblr-1730	18	60	)	)	PUNCT
cblr-1730	18	61	requires	require	VERB
cblr-1730	18	62	only	only	ADV
cblr-1730	18	63	that	that	SCONJ
cblr-1730	18	64	securities	security	NOUN
cblr-1730	18	65	brokers	broker	NOUN
cblr-1730	18	66	(	(	PUNCT
cblr-1730	18	67	“	"	PUNCT
cblr-1730	18	68	brokers	broker	NOUN
cblr-1730	18	69	”	"	PUNCT
cblr-1730	18	70	)	)	PUNCT
cblr-1730	18	71	provide	provide	VERB
cblr-1730	18	72	“	"	PUNCT
cblr-1730	18	73	suitable	suitable	ADJ
cblr-1730	18	74	”	"	PUNCT
cblr-1730	18	75	advice	advice	NOUN
cblr-1730	18	76	1	1	NUM
cblr-1730	18	77	see	see	VERB
cblr-1730	18	78	isabella	isabella	PROPN
cblr-1730	18	79	fonseca	fonseca	PROPN
cblr-1730	18	80	et	et	PROPN
cblr-1730	18	81	al	al	PROPN
cblr-1730	18	82	.	.	PROPN
cblr-1730	18	83	,	,	PUNCT
cblr-1730	18	84	the	the	DET
cblr-1730	18	85	state	state	NOUN
cblr-1730	18	86	of	of	ADP
cblr-1730	18	87	online	online	ADJ
cblr-1730	18	88	brokerage	brokerage	NOUN
cblr-1730	18	89	platforms	platform	NOUN
cblr-1730	18	90	(	(	PUNCT
cblr-1730	18	91	2015	2015	NUM
cblr-1730	18	92	)	)	PUNCT
cblr-1730	18	93	.	.	PUNCT
cblr-1730	19	1	2	2	NUM
cblr-1730	19	2	see	see	VERB
cblr-1730	19	3	benjamin	benjamin	PROPN
cblr-1730	19	4	p.	p.	PROPN
cblr-1730	19	5	edwards	edwards	PROPN
cblr-1730	19	6	,	,	PUNCT
cblr-1730	19	7	fiduciary	fiduciary	ADJ
cblr-1730	19	8	duty	duty	NOUN
cblr-1730	19	9	and	and	CCONJ
cblr-1730	19	10	investment	investment	NOUN
cblr-1730	19	11	advice	advice	NOUN
cblr-1730	19	12	:	:	PUNCT
cblr-1730	19	13	will	will	AUX
cblr-1730	19	14	a	a	DET
cblr-1730	19	15	uniform	uniform	ADJ
cblr-1730	19	16	fiduciary	fiduciary	ADJ
cblr-1730	19	17	duty	duty	NOUN
cblr-1730	19	18	make	make	VERB
cblr-1730	19	19	a	a	DET
cblr-1730	19	20	material	material	ADJ
cblr-1730	19	21	difference	difference	NOUN
cblr-1730	19	22	?	?	PUNCT
cblr-1730	19	23	,	,	PUNCT
cblr-1730	19	24	14	14	NUM
cblr-1730	19	25	j.	j.	PROPN
cblr-1730	19	26	bus	bus	PROPN
cblr-1730	19	27	.	.	PROPN
cblr-1730	19	28	&	&	CCONJ
cblr-1730	19	29	sec	sec	PROPN
cblr-1730	19	30	.	.	PROPN
cblr-1730	20	1	l.	l.	PROPN
cblr-1730	20	2	105	105	NUM
cblr-1730	20	3	,	,	PUNCT
cblr-1730	20	4	106	106	NUM
cblr-1730	20	5	(	(	PUNCT
cblr-1730	20	6	2014	2014	NUM
cblr-1730	20	7	)	)	PUNCT
cblr-1730	20	8	.	.	PUNCT
cblr-1730	21	1	see	see	VERB
cblr-1730	21	2	also	also	ADV
cblr-1730	21	3	sec	sec	PROPN
cblr-1730	21	4	v.	v.	CCONJ
cblr-1730	21	5	capital	capital	PROPN
cblr-1730	21	6	gains	gain	NOUN
cblr-1730	21	7	research	research	PROPN
cblr-1730	21	8	bureau	bureau	PROPN
cblr-1730	21	9	,	,	PUNCT
cblr-1730	21	10	inc	inc	PROPN
cblr-1730	21	11	.	.	PROPN
cblr-1730	21	12	,	,	PUNCT
cblr-1730	21	13	375	375	NUM
cblr-1730	21	14	u.s	u.s	PROPN
cblr-1730	21	15	.	.	PROPN
cblr-1730	21	16	180	180	NUM
cblr-1730	21	17	(	(	PUNCT
cblr-1730	21	18	1963	1963	NUM
cblr-1730	21	19	)	)	PUNCT
cblr-1730	21	20	.	.	PUNCT
cblr-1730	22	1	smith	smith	PROPN
cblr-1730	22	2	–	–	PUNCT
cblr-1730	22	3	final	final	ADJ
cblr-1730	22	4	1202	1202	NUM
cblr-1730	22	5	columbia	columbia	PROPN
cblr-1730	22	6	business	business	NOUN
cblr-1730	22	7	law	law	PROPN
cblr-1730	22	8	review	review	NOUN
cblr-1730	22	9	[	[	X
cblr-1730	22	10	vol	vol	NOUN
cblr-1730	22	11	.	.	NOUN
cblr-1730	22	12	2017	2017	NUM
cblr-1730	22	13	to	to	ADP
cblr-1730	22	14	retail	retail	ADJ
cblr-1730	22	15	consumers.3	consumers.3	NOUN
cblr-1730	22	16	these	these	DET
cblr-1730	22	17	different	different	ADJ
cblr-1730	22	18	standards	standard	NOUN
cblr-1730	22	19	affect	affect	VERB
cblr-1730	22	20	the	the	DET
cblr-1730	22	21	advice	advice	NOUN
cblr-1730	22	22	that	that	PRON
cblr-1730	22	23	investors	investor	NOUN
cblr-1730	22	24	receive	receive	VERB
cblr-1730	22	25	and	and	CCONJ
cblr-1730	22	26	may	may	AUX
cblr-1730	22	27	also	also	ADV
cblr-1730	22	28	impact	impact	VERB
cblr-1730	22	29	the	the	DET
cblr-1730	22	30	securities	security	NOUN
cblr-1730	22	31	that	that	PRON
cblr-1730	22	32	they	they	PRON
cblr-1730	22	33	choose	choose	VERB
cblr-1730	22	34	to	to	PART
cblr-1730	22	35	purchase.4	purchase.4	VERB
cblr-1730	22	36	online	online	ADJ
cblr-1730	22	37	investing	investing	NOUN
cblr-1730	22	38	activity	activity	NOUN
cblr-1730	22	39	tends	tend	VERB
cblr-1730	22	40	to	to	PART
cblr-1730	22	41	be	be	AUX
cblr-1730	22	42	run	run	VERB
cblr-1730	22	43	holistically	holistically	ADV
cblr-1730	22	44	through	through	ADP
cblr-1730	22	45	brokerage	brokerage	NOUN
cblr-1730	22	46	firms	firm	NOUN
cblr-1730	22	47	as	as	ADP
cblr-1730	22	48	“	"	PUNCT
cblr-1730	22	49	discount	discount	NOUN
cblr-1730	22	50	brokers”5	brokers”5	NOUN
cblr-1730	22	51	rather	rather	ADV
cblr-1730	22	52	than	than	ADP
cblr-1730	22	53	through	through	ADP
cblr-1730	22	54	individual	individual	ADJ
cblr-1730	22	55	full	full	ADJ
cblr-1730	22	56	-	-	PUNCT
cblr-1730	22	57	service	service	NOUN
cblr-1730	22	58	advisers	adviser	NOUN
cblr-1730	22	59	and	and	CCONJ
cblr-1730	22	60	brokers	broker	NOUN
cblr-1730	22	61	.	.	PUNCT
cblr-1730	23	1	this	this	DET
cblr-1730	23	2	fact	fact	NOUN
cblr-1730	23	3	only	only	ADV
cblr-1730	23	4	adds	add	VERB
cblr-1730	23	5	to	to	ADP
cblr-1730	23	6	the	the	DET
cblr-1730	23	7	confusion	confusion	NOUN
cblr-1730	23	8	for	for	ADP
cblr-1730	23	9	ordinary	ordinary	ADJ
cblr-1730	23	10	investors	investor	NOUN
cblr-1730	23	11	,	,	PUNCT
cblr-1730	23	12	who	who	PRON
cblr-1730	23	13	already	already	ADV
cblr-1730	23	14	struggle	struggle	VERB
cblr-1730	23	15	to	to	PART
cblr-1730	23	16	understand	understand	VERB
cblr-1730	23	17	the	the	DET
cblr-1730	23	18	differences	difference	NOUN
cblr-1730	23	19	between	between	ADP
cblr-1730	23	20	these	these	DET
cblr-1730	23	21	two	two	NUM
cblr-1730	23	22	standards	standard	NOUN
cblr-1730	23	23	and	and	CCONJ
cblr-1730	23	24	which	which	DET
cblr-1730	23	25	standard	standard	NOUN
cblr-1730	23	26	is	be	AUX
cblr-1730	23	27	applicable	applicable	ADJ
cblr-1730	23	28	to	to	ADP
cblr-1730	23	29	their	their	PRON
cblr-1730	23	30	financial	financial	ADJ
cblr-1730	23	31	adviser.6	adviser.6	NOUN
cblr-1730	23	32	further	far	ADV
cblr-1730	23	33	,	,	PUNCT
cblr-1730	23	34	these	these	DET
cblr-1730	23	35	online	online	ADJ
cblr-1730	23	36	brokerage	brokerage	NOUN
cblr-1730	23	37	firms	firm	NOUN
cblr-1730	23	38	exacerbate	exacerbate	VERB
cblr-1730	23	39	the	the	DET
cblr-1730	23	40	problems	problem	NOUN
cblr-1730	23	41	of	of	ADP
cblr-1730	23	42	consumer	consumer	NOUN
cblr-1730	23	43	protection	protection	NOUN
cblr-1730	23	44	inherent	inherent	ADJ
cblr-1730	23	45	in	in	ADP
cblr-1730	23	46	the	the	DET
cblr-1730	23	47	current	current	ADJ
cblr-1730	23	48	system	system	NOUN
cblr-1730	23	49	,	,	PUNCT
cblr-1730	23	50	which	which	PRON
cblr-1730	23	51	holds	hold	VERB
cblr-1730	23	52	brokers	broker	NOUN
cblr-1730	23	53	to	to	ADP
cblr-1730	23	54	a	a	DET
cblr-1730	23	55	lower	low	ADJ
cblr-1730	23	56	legal	legal	ADJ
cblr-1730	23	57	standard	standard	NOUN
cblr-1730	23	58	and	and	CCONJ
cblr-1730	23	59	rewards	reward	VERB
cblr-1730	23	60	them	they	PRON
cblr-1730	23	61	with	with	ADP
cblr-1730	23	62	commission	commission	PROPN
cblr-1730	23	63	based	base	VERB
cblr-1730	23	64	compensation	compensation	NOUN
cblr-1730	23	65	.	.	PUNCT
cblr-1730	24	1	despite	despite	SCONJ
cblr-1730	24	2	the	the	DET
cblr-1730	24	3	judicial	judicial	ADJ
cblr-1730	24	4	trend	trend	NOUN
cblr-1730	24	5	,	,	PUNCT
cblr-1730	24	6	examined	examine	VERB
cblr-1730	24	7	in	in	ADP
cblr-1730	24	8	part	part	NOUN
cblr-1730	24	9	ii	ii	NOUN
cblr-1730	24	10	of	of	ADP
cblr-1730	24	11	this	this	DET
cblr-1730	24	12	note	note	NOUN
cblr-1730	24	13	,	,	PUNCT
cblr-1730	24	14	of	of	ADP
cblr-1730	24	15	gradually	gradually	ADV
cblr-1730	24	16	extending	extend	VERB
cblr-1730	24	17	fiduciary	fiduciary	ADJ
cblr-1730	24	18	duties	duty	NOUN
cblr-1730	24	19	to	to	ADP
cblr-1730	24	20	brokers	broker	NOUN
cblr-1730	24	21	who	who	PRON
cblr-1730	24	22	are	be	AUX
cblr-1730	24	23	in	in	ADP
cblr-1730	24	24	a	a	DET
cblr-1730	24	25	particular	particular	ADJ
cblr-1730	24	26	position	position	NOUN
cblr-1730	24	27	to	to	PART
cblr-1730	24	28	take	take	VERB
cblr-1730	24	29	advantage	advantage	NOUN
cblr-1730	24	30	of	of	ADP
cblr-1730	24	31	unsophisticated	unsophisticated	ADJ
cblr-1730	24	32	clients,7	clients,7	NOUN
cblr-1730	24	33	many	many	ADJ
cblr-1730	24	34	now	now	ADV
cblr-1730	24	35	advocate	advocate	VERB
cblr-1730	24	36	for	for	ADP
cblr-1730	24	37	a	a	DET
cblr-1730	24	38	uniform	uniform	ADJ
cblr-1730	24	39	fiduciary	fiduciary	ADJ
cblr-1730	24	40	standard	standard	ADJ
cblr-1730	24	41	governing	govern	VERB
cblr-1730	24	42	both	both	CCONJ
cblr-1730	24	43	brokers	broker	NOUN
cblr-1730	24	44	and	and	CCONJ
cblr-1730	24	45	advisers.8	advisers.8	PROPN
cblr-1730	24	46	this	this	DET
cblr-1730	24	47	note	note	NOUN
cblr-1730	24	48	seeks	seek	VERB
cblr-1730	24	49	to	to	PART
cblr-1730	24	50	take	take	VERB
cblr-1730	24	51	this	this	DET
cblr-1730	24	52	line	line	NOUN
cblr-1730	24	53	of	of	ADP
cblr-1730	24	54	argumentation	argumentation	NOUN
cblr-1730	24	55	one	one	NUM
cblr-1730	24	56	step	step	NOUN
cblr-1730	24	57	further	far	ADV
cblr-1730	24	58	by	by	ADP
cblr-1730	24	59	presenting	present	VERB
cblr-1730	24	60	the	the	DET
cblr-1730	24	61	relatively	relatively	ADV
cblr-1730	24	62	novel	novel	ADJ
cblr-1730	24	63	idea	idea	NOUN
cblr-1730	24	64	that	that	SCONJ
cblr-1730	24	65	any	any	DET
cblr-1730	24	66	uniform	uniform	ADJ
cblr-1730	24	67	fiduciary	fiduciary	ADJ
cblr-1730	24	68	standard	standard	NOUN
cblr-1730	24	69	should	should	AUX
cblr-1730	24	70	extend	extend	VERB
cblr-1730	24	71	not	not	PART
cblr-1730	24	72	only	only	ADV
cblr-1730	24	73	to	to	ADP
cblr-1730	24	74	all	all	DET
cblr-1730	24	75	financial	financial	ADJ
cblr-1730	24	76	advisers	adviser	NOUN
cblr-1730	24	77	,	,	PUNCT
cblr-1730	24	78	including	include	VERB
cblr-1730	24	79	bro	bro	NOUN
cblr-1730	24	80	3	3	NUM
cblr-1730	24	81	see	see	VERB
cblr-1730	24	82	edwards	edwards	PROPN
cblr-1730	24	83	,	,	PUNCT
cblr-1730	24	84	supra	supra	PROPN
cblr-1730	24	85	note	note	NOUN
cblr-1730	24	86	2	2	NUM
cblr-1730	24	87	,	,	PUNCT
cblr-1730	24	88	at	at	ADP
cblr-1730	24	89	108	108	NUM
cblr-1730	24	90	.	.	PUNCT
cblr-1730	24	91	4	4	NUM
cblr-1730	25	1	i	i	NOUN
cblr-1730	25	2	d.	d.	NOUN
cblr-1730	25	3	at	at	ADP
cblr-1730	25	4	106	106	NUM
cblr-1730	25	5	.	.	PUNCT
cblr-1730	26	1	5	5	NUM
cblr-1730	26	2	many	many	ADJ
cblr-1730	26	3	scholars	scholar	NOUN
cblr-1730	26	4	refer	refer	VERB
cblr-1730	26	5	to	to	ADP
cblr-1730	26	6	the	the	DET
cblr-1730	26	7	online	online	ADJ
cblr-1730	26	8	and	and	CCONJ
cblr-1730	26	9	mobile	mobile	ADJ
cblr-1730	26	10	trading	trading	NOUN
cblr-1730	26	11	-	-	PUNCT
cblr-1730	26	12	related	relate	VERB
cblr-1730	26	13	services	service	NOUN
cblr-1730	26	14	of	of	ADP
cblr-1730	26	15	brokerage	brokerage	NOUN
cblr-1730	26	16	firms	firm	NOUN
cblr-1730	26	17	as	as	ADP
cblr-1730	26	18	“	"	PUNCT
cblr-1730	26	19	discount	discount	NOUN
cblr-1730	26	20	brokers	broker	NOUN
cblr-1730	26	21	,	,	PUNCT
cblr-1730	26	22	”	"	PUNCT
cblr-1730	26	23	but	but	CCONJ
cblr-1730	26	24	for	for	ADP
cblr-1730	26	25	the	the	DET
cblr-1730	26	26	purposes	purpose	NOUN
cblr-1730	26	27	of	of	ADP
cblr-1730	26	28	this	this	DET
cblr-1730	26	29	note	note	NOUN
cblr-1730	26	30	it	it	PRON
cblr-1730	26	31	is	be	AUX
cblr-1730	26	32	necessary	necessary	ADJ
cblr-1730	26	33	to	to	PART
cblr-1730	26	34	separate	separate	VERB
cblr-1730	26	35	out	out	ADP
cblr-1730	26	36	the	the	DET
cblr-1730	26	37	specific	specific	ADJ
cblr-1730	26	38	online	online	ADJ
cblr-1730	26	39	and	and	CCONJ
cblr-1730	26	40	mobile	mobile	ADJ
cblr-1730	26	41	services	service	NOUN
cblr-1730	26	42	from	from	ADP
cblr-1730	26	43	any	any	DET
cblr-1730	26	44	potential	potential	ADJ
cblr-1730	26	45	other	other	ADJ
cblr-1730	26	46	services	service	NOUN
cblr-1730	26	47	offered	offer	VERB
cblr-1730	26	48	by	by	ADP
cblr-1730	26	49	discount	discount	NOUN
cblr-1730	26	50	brokers	broker	NOUN
cblr-1730	26	51	.	.	PUNCT
cblr-1730	27	1	hence	hence	ADV
cblr-1730	27	2	,	,	PUNCT
cblr-1730	27	3	this	this	DET
cblr-1730	27	4	note	note	NOUN
cblr-1730	27	5	will	will	AUX
cblr-1730	27	6	refer	refer	VERB
cblr-1730	27	7	to	to	ADP
cblr-1730	27	8	online	online	ADJ
cblr-1730	27	9	and	and	CCONJ
cblr-1730	27	10	mobile	mobile	ADJ
cblr-1730	27	11	trading	trading	NOUN
cblr-1730	27	12	services	service	NOUN
cblr-1730	27	13	as	as	ADP
cblr-1730	27	14	“	"	PUNCT
cblr-1730	27	15	online	online	ADJ
cblr-1730	27	16	platforms	platform	NOUN
cblr-1730	27	17	”	"	PUNCT
cblr-1730	27	18	rather	rather	ADV
cblr-1730	27	19	than	than	ADP
cblr-1730	27	20	discount	discount	NOUN
cblr-1730	27	21	brokers	broker	NOUN
cblr-1730	27	22	.	.	PUNCT
cblr-1730	28	1	6	6	NUM
cblr-1730	28	2	see	see	VERB
cblr-1730	28	3	gary	gary	PROPN
cblr-1730	28	4	a.	a.	PROPN
cblr-1730	28	5	varnavides	varnavide	NOUN
cblr-1730	28	6	,	,	PUNCT
cblr-1730	28	7	the	the	DET
cblr-1730	28	8	flawed	flawed	ADJ
cblr-1730	28	9	state	state	NOUN
cblr-1730	28	10	of	of	ADP
cblr-1730	28	11	broker	broker	NOUN
cblr-1730	28	12	-	-	PUNCT
cblr-1730	28	13	dealer	dealer	NOUN
cblr-1730	28	14	regulation	regulation	NOUN
cblr-1730	28	15	and	and	CCONJ
cblr-1730	28	16	the	the	DET
cblr-1730	28	17	case	case	NOUN
cblr-1730	28	18	for	for	ADP
cblr-1730	28	19	an	an	DET
cblr-1730	28	20	authentic	authentic	ADJ
cblr-1730	28	21	federal	federal	ADJ
cblr-1730	28	22	fiduciary	fiduciary	ADJ
cblr-1730	28	23	standard	standard	NOUN
cblr-1730	28	24	for	for	ADP
cblr-1730	28	25	brokerdealers	brokerdealer	NOUN
cblr-1730	28	26	,	,	PUNCT
cblr-1730	28	27	16	16	NUM
cblr-1730	28	28	fordham	fordham	PROPN
cblr-1730	28	29	j.	j.	PROPN
cblr-1730	28	30	corp	corp	PROPN
cblr-1730	28	31	.	.	PROPN
cblr-1730	28	32	&	&	CCONJ
cblr-1730	28	33	fin	fin	PROPN
cblr-1730	28	34	.	.	PUNCT
cblr-1730	29	1	l.	l.	PROPN
cblr-1730	29	2	203	203	NUM
cblr-1730	29	3	,	,	PUNCT
cblr-1730	29	4	215	215	NUM
cblr-1730	29	5	(	(	PUNCT
cblr-1730	29	6	2011	2011	NUM
cblr-1730	29	7	)	)	PUNCT
cblr-1730	29	8	.	.	PUNCT
cblr-1730	30	1	see	see	VERB
cblr-1730	30	2	also	also	ADV
cblr-1730	30	3	u.s	u.s	PROPN
cblr-1730	30	4	.	.	PROPN
cblr-1730	30	5	sec	sec	PROPN
cblr-1730	30	6	.	.	PROPN
cblr-1730	30	7	&	&	CCONJ
cblr-1730	30	8	exch	exch	PROPN
cblr-1730	30	9	.	.	PUNCT
cblr-1730	31	1	comm’n	comm’n	PROPN
cblr-1730	31	2	,	,	PUNCT
cblr-1730	32	1	study	study	NOUN
cblr-1730	32	2	on	on	ADP
cblr-1730	32	3	investment	investment	NOUN
cblr-1730	32	4	advisors	advisor	NOUN
cblr-1730	32	5	and	and	CCONJ
cblr-1730	32	6	broker	broker	NOUN
cblr-1730	32	7	-	-	PUNCT
cblr-1730	32	8	dealers	dealer	NOUN
cblr-1730	32	9	101	101	NUM
cblr-1730	32	10	(	(	PUNCT
cblr-1730	32	11	2011	2011	NUM
cblr-1730	32	12	)	)	PUNCT
cblr-1730	32	13	,	,	PUNCT
cblr-1730	33	1	[	[	X
cblr-1730	33	2	hereinafter	hereinafter	NOUN
cblr-1730	33	3	sec	sec	PROPN
cblr-1730	33	4	study	study	NOUN
cblr-1730	33	5	]	]	PUNCT
cblr-1730	33	6	,	,	PUNCT
cblr-1730	33	7	http://www.sec.gov/news/studies/2011/913studyfinal.pdf	http://www.sec.gov/news/studies/2011/913studyfinal.pdf	X
cblr-1730	33	8	[	[	X
cblr-1730	33	9	perma.cc/4a95-czag	perma.cc/4a95-czag	NOUN
cblr-1730	33	10	]	]	X
cblr-1730	33	11	7	7	NUM
cblr-1730	33	12	see	see	VERB
cblr-1730	33	13	generally	generally	ADV
cblr-1730	33	14	united	united	PROPN
cblr-1730	33	15	states	states	PROPN
cblr-1730	33	16	v.	v.	ADP
cblr-1730	33	17	skelly	skelly	PROPN
cblr-1730	33	18	,	,	PUNCT
cblr-1730	33	19	442	442	NUM
cblr-1730	33	20	f.3d	f.3d	NUM
cblr-1730	33	21	94	94	NUM
cblr-1730	33	22	(	(	PUNCT
cblr-1730	33	23	2d	2d	NUM
cblr-1730	33	24	cir	cir	NOUN
cblr-1730	33	25	.	.	PUNCT
cblr-1730	33	26	2006	2006	NUM
cblr-1730	33	27	)	)	PUNCT
cblr-1730	33	28	;	;	PUNCT
cblr-1730	33	29	united	united	PROPN
cblr-1730	33	30	states	states	PROPN
cblr-1730	33	31	v.	v.	PROPN
cblr-1730	33	32	szur	szur	PROPN
cblr-1730	33	33	,	,	PUNCT
cblr-1730	33	34	289	289	NUM
cblr-1730	33	35	f.3d	f.3d	NUM
cblr-1730	33	36	200	200	NUM
cblr-1730	33	37	(	(	PUNCT
cblr-1730	33	38	2d	2d	NUM
cblr-1730	33	39	cir	cir	NOUN
cblr-1730	33	40	.	.	PUNCT
cblr-1730	33	41	2002	2002	NUM
cblr-1730	33	42	)	)	PUNCT
cblr-1730	33	43	;	;	PUNCT
cblr-1730	33	44	leib	leib	PROPN
cblr-1730	33	45	v.	v.	PROPN
cblr-1730	33	46	merrill	merrill	PROPN
cblr-1730	33	47	lynch	lynch	PROPN
cblr-1730	33	48	,	,	PUNCT
cblr-1730	33	49	pierce	pierce	PROPN
cblr-1730	33	50	,	,	PUNCT
cblr-1730	33	51	fenner	fenner	PROPN
cblr-1730	33	52	&	&	CCONJ
cblr-1730	33	53	smith	smith	PROPN
cblr-1730	33	54	,	,	PUNCT
cblr-1730	33	55	inc	inc	PROPN
cblr-1730	33	56	.	.	PROPN
cblr-1730	33	57	,	,	PUNCT
cblr-1730	33	58	461	461	NUM
cblr-1730	33	59	f.	f.	PROPN
cblr-1730	33	60	supp	supp	PROPN
cblr-1730	33	61	.	.	PUNCT
cblr-1730	34	1	951	951	NUM
cblr-1730	34	2	(	(	PUNCT
cblr-1730	34	3	e.d	e.d	PROPN
cblr-1730	34	4	.	.	PROPN
cblr-1730	34	5	mich	mich	PROPN
cblr-1730	34	6	.	.	PROPN
cblr-1730	34	7	1978	1978	NUM
cblr-1730	34	8	)	)	PUNCT
cblr-1730	34	9	,	,	PUNCT
cblr-1730	34	10	aff’d	aff’d	VERB
cblr-1730	34	11	,	,	PUNCT
cblr-1730	34	12	647	647	NUM
cblr-1730	34	13	f.2d	f.2d	NOUN
cblr-1730	34	14	165	165	NUM
cblr-1730	34	15	(	(	PUNCT
cblr-1730	34	16	6th	6th	ADJ
cblr-1730	34	17	cir	cir	NOUN
cblr-1730	34	18	.	.	PUNCT
cblr-1730	34	19	1981	1981	NUM
cblr-1730	34	20	)	)	PUNCT
cblr-1730	34	21	.	.	PUNCT
cblr-1730	35	1	8	8	NUM
cblr-1730	35	2	see	see	VERB
cblr-1730	35	3	edwards	edwards	PROPN
cblr-1730	35	4	,	,	PUNCT
cblr-1730	35	5	supra	supra	PROPN
cblr-1730	35	6	note	note	NOUN
cblr-1730	35	7	2	2	NUM
cblr-1730	35	8	,	,	PUNCT
cblr-1730	35	9	at	at	ADP
cblr-1730	35	10	118	118	NUM
cblr-1730	35	11	.	.	PUNCT
cblr-1730	36	1	smith	smith	PROPN
cblr-1730	36	2	–	–	PUNCT
cblr-1730	36	3	final	final	ADJ
cblr-1730	36	4	no	no	NOUN
cblr-1730	36	5	.	.	PUNCT
cblr-1730	37	1	3:1200	3:1200	NUM
cblr-1730	37	2	]	]	X
cblr-1730	37	3	a	a	DET
cblr-1730	37	4	uniform	uniform	ADJ
cblr-1730	37	5	fiduciary	fiduciary	ADJ
cblr-1730	37	6	duty	duty	NOUN
cblr-1730	37	7	1203	1203	NUM
cblr-1730	37	8	kers	ker	NOUN
cblr-1730	37	9	,	,	PUNCT
cblr-1730	37	10	but	but	CCONJ
cblr-1730	37	11	also	also	ADV
cblr-1730	37	12	to	to	ADP
cblr-1730	37	13	all	all	PRON
cblr-1730	37	14	of	of	ADP
cblr-1730	37	15	their	their	PRON
cblr-1730	37	16	investing	investing	NOUN
cblr-1730	37	17	platforms	platform	NOUN
cblr-1730	37	18	,	,	PUNCT
cblr-1730	37	19	and	and	CCONJ
cblr-1730	37	20	in	in	ADP
cblr-1730	37	21	particular	particular	ADJ
cblr-1730	37	22	their	their	PRON
cblr-1730	37	23	online	online	ADJ
cblr-1730	37	24	and	and	CCONJ
cblr-1730	37	25	mobile	mobile	ADJ
cblr-1730	37	26	platforms	platform	NOUN
cblr-1730	37	27	.	.	PUNCT
cblr-1730	38	1	part	part	NOUN
cblr-1730	38	2	iii	iii	NOUN
cblr-1730	38	3	examines	examine	VERB
cblr-1730	38	4	the	the	DET
cblr-1730	38	5	existing	exist	VERB
cblr-1730	38	6	and	and	CCONJ
cblr-1730	38	7	proposed	propose	VERB
cblr-1730	38	8	regulatory	regulatory	ADJ
cblr-1730	38	9	standards	standard	NOUN
cblr-1730	38	10	,	,	PUNCT
cblr-1730	38	11	ranging	range	VERB
cblr-1730	38	12	from	from	ADP
cblr-1730	38	13	contract	contract	NOUN
cblr-1730	38	14	law	law	NOUN
cblr-1730	38	15	to	to	ADP
cblr-1730	38	16	fiduciary	fiduciary	ADJ
cblr-1730	38	17	duties	duty	NOUN
cblr-1730	38	18	,	,	PUNCT
cblr-1730	38	19	to	to	PART
cblr-1730	38	20	uncover	uncover	VERB
cblr-1730	38	21	the	the	DET
cblr-1730	38	22	problems	problem	NOUN
cblr-1730	38	23	they	they	PRON
cblr-1730	38	24	pose	pose	VERB
cblr-1730	38	25	in	in	ADP
cblr-1730	38	26	terms	term	NOUN
cblr-1730	38	27	of	of	ADP
cblr-1730	38	28	consumer	consumer	NOUN
cblr-1730	38	29	confusion	confusion	NOUN
cblr-1730	38	30	,	,	PUNCT
cblr-1730	38	31	the	the	DET
cblr-1730	38	32	potential	potential	NOUN
cblr-1730	38	33	for	for	ADP
cblr-1730	38	34	harm	harm	NOUN
cblr-1730	38	35	to	to	ADP
cblr-1730	38	36	investors	investor	NOUN
cblr-1730	38	37	,	,	PUNCT
cblr-1730	38	38	and	and	CCONJ
cblr-1730	38	39	market	market	NOUN
cblr-1730	38	40	efficiency	efficiency	NOUN
cblr-1730	38	41	.	.	PUNCT
cblr-1730	39	1	drawing	draw	VERB
cblr-1730	39	2	on	on	ADP
cblr-1730	39	3	this	this	DET
cblr-1730	39	4	analysis	analysis	NOUN
cblr-1730	39	5	,	,	PUNCT
cblr-1730	39	6	the	the	DET
cblr-1730	39	7	resulting	result	VERB
cblr-1730	39	8	recommendation	recommendation	NOUN
cblr-1730	39	9	in	in	ADP
cblr-1730	39	10	part	part	NOUN
cblr-1730	39	11	iv	iv	NUM
cblr-1730	39	12	of	of	ADP
cblr-1730	39	13	this	this	DET
cblr-1730	39	14	note	note	NOUN
cblr-1730	39	15	advocates	advocate	VERB
cblr-1730	39	16	for	for	ADP
cblr-1730	39	17	a	a	DET
cblr-1730	39	18	unified	unified	ADJ
cblr-1730	39	19	fiduciary	fiduciary	ADJ
cblr-1730	39	20	standard	standard	NOUN
cblr-1730	39	21	across	across	ADP
cblr-1730	39	22	all	all	DET
cblr-1730	39	23	financial	financial	ADJ
cblr-1730	39	24	advisers	adviser	NOUN
cblr-1730	39	25	,	,	PUNCT
cblr-1730	39	26	including	include	VERB
cblr-1730	39	27	online	online	ADJ
cblr-1730	39	28	platforms	platform	NOUN
cblr-1730	39	29	.	.	PUNCT
cblr-1730	40	1	a	a	DET
cblr-1730	40	2	standard	standard	NOUN
cblr-1730	40	3	varying	vary	VERB
cblr-1730	40	4	only	only	ADV
cblr-1730	40	5	in	in	ADP
cblr-1730	40	6	degree	degree	NOUN
cblr-1730	40	7	with	with	ADP
cblr-1730	40	8	the	the	DET
cblr-1730	40	9	level	level	NOUN
cblr-1730	40	10	of	of	ADP
cblr-1730	40	11	service	service	NOUN
cblr-1730	40	12	being	be	AUX
cblr-1730	40	13	provided	provide	VERB
cblr-1730	40	14	will	will	AUX
cblr-1730	40	15	best	well	ADV
cblr-1730	40	16	increase	increase	VERB
cblr-1730	40	17	investor	investor	NOUN
cblr-1730	40	18	protection	protection	NOUN
cblr-1730	40	19	,	,	PUNCT
cblr-1730	40	20	decrease	decrease	VERB
cblr-1730	40	21	confusion	confusion	NOUN
cblr-1730	40	22	,	,	PUNCT
cblr-1730	40	23	and	and	CCONJ
cblr-1730	40	24	maintain	maintain	VERB
cblr-1730	40	25	market	market	NOUN
cblr-1730	40	26	efficiency	efficiency	NOUN
cblr-1730	40	27	.	.	PUNCT
cblr-1730	41	1	ii	ii	PROPN
cblr-1730	41	2	.	.	PUNCT
cblr-1730	42	1	background	background	NOUN
cblr-1730	42	2	on	on	ADP
cblr-1730	42	3	fiduciary	fiduciary	ADJ
cblr-1730	42	4	duties	duty	NOUN
cblr-1730	42	5	and	and	CCONJ
cblr-1730	42	6	compensation	compensation	NOUN
cblr-1730	42	7	structures	structure	NOUN
cblr-1730	42	8	for	for	ADP
cblr-1730	42	9	financial	financial	ADJ
cblr-1730	42	10	advisers	adviser	NOUN
cblr-1730	42	11	,	,	PUNCT
cblr-1730	42	12	brokers	broker	NOUN
cblr-1730	42	13	,	,	PUNCT
cblr-1730	42	14	and	and	CCONJ
cblr-1730	42	15	online	online	ADJ
cblr-1730	42	16	platforms	platform	NOUN
cblr-1730	42	17	a.	a.	NOUN
cblr-1730	42	18	evolution	evolution	NOUN
cblr-1730	42	19	and	and	CCONJ
cblr-1730	42	20	extension	extension	NOUN
cblr-1730	42	21	of	of	ADP
cblr-1730	42	22	fiduciary	fiduciary	ADJ
cblr-1730	42	23	duties	duty	NOUN
cblr-1730	42	24	from	from	ADP
cblr-1730	42	25	advisers	adviser	NOUN
cblr-1730	42	26	to	to	ADP
cblr-1730	42	27	brokers	broker	NOUN
cblr-1730	42	28	historically	historically	ADV
cblr-1730	42	29	,	,	PUNCT
cblr-1730	42	30	brokers	broker	NOUN
cblr-1730	42	31	and	and	CCONJ
cblr-1730	42	32	advisers	adviser	NOUN
cblr-1730	42	33	served	serve	VERB
cblr-1730	42	34	different	different	ADJ
cblr-1730	42	35	roles	role	NOUN
cblr-1730	42	36	.	.	PUNCT
cblr-1730	43	1	from	from	ADP
cblr-1730	43	2	the	the	DET
cblr-1730	43	3	first	first	ADJ
cblr-1730	43	4	half	half	NOUN
cblr-1730	43	5	of	of	ADP
cblr-1730	43	6	the	the	DET
cblr-1730	43	7	mid	mid	ADJ
cblr-1730	43	8	-	-	ADJ
cblr-1730	43	9	twentieth	twentieth	ADJ
cblr-1730	43	10	century	century	NOUN
cblr-1730	43	11	,	,	PUNCT
cblr-1730	43	12	brokers	broker	NOUN
cblr-1730	43	13	tended	tend	VERB
cblr-1730	43	14	to	to	PART
cblr-1730	43	15	act	act	VERB
cblr-1730	43	16	as	as	ADP
cblr-1730	43	17	order	order	NOUN
cblr-1730	43	18	facilitators	facilitator	NOUN
cblr-1730	43	19	or	or	CCONJ
cblr-1730	43	20	executors	executor	NOUN
cblr-1730	43	21	,	,	PUNCT
cblr-1730	43	22	providing	provide	VERB
cblr-1730	43	23	advice	advice	NOUN
cblr-1730	43	24	only	only	ADV
cblr-1730	43	25	when	when	SCONJ
cblr-1730	43	26	it	it	PRON
cblr-1730	43	27	was	be	AUX
cblr-1730	43	28	“	"	PUNCT
cblr-1730	43	29	incidental	incidental	ADJ
cblr-1730	43	30	to	to	ADP
cblr-1730	43	31	the	the	DET
cblr-1730	43	32	performance	performance	NOUN
cblr-1730	43	33	of	of	ADP
cblr-1730	43	34	brokerage	brokerage	NOUN
cblr-1730	43	35	services	service	NOUN
cblr-1730	43	36	.	.	PUNCT
cblr-1730	43	37	”9	”9	PUNCT
cblr-1730	43	38	on	on	ADP
cblr-1730	43	39	the	the	DET
cblr-1730	43	40	other	other	ADJ
cblr-1730	43	41	hand	hand	NOUN
cblr-1730	43	42	,	,	PUNCT
cblr-1730	43	43	advisers	adviser	NOUN
cblr-1730	43	44	have	have	AUX
cblr-1730	43	45	historically	historically	ADV
cblr-1730	43	46	always	always	ADV
cblr-1730	43	47	provided	provide	VERB
cblr-1730	43	48	ongoing	ongoing	ADJ
cblr-1730	43	49	investment	investment	NOUN
cblr-1730	43	50	advice	advice	NOUN
cblr-1730	43	51	,	,	PUNCT
cblr-1730	43	52	such	such	ADJ
cblr-1730	43	53	as	as	ADP
cblr-1730	43	54	in	in	ADP
cblr-1730	43	55	portfolio	portfolio	NOUN
cblr-1730	43	56	selection	selection	NOUN
cblr-1730	43	57	and	and	CCONJ
cblr-1730	43	58	management.10	management.10	VERB
cblr-1730	43	59	these	these	DET
cblr-1730	43	60	initial	initial	ADJ
cblr-1730	43	61	differences	difference	NOUN
cblr-1730	43	62	in	in	ADP
cblr-1730	43	63	responsibility	responsibility	NOUN
cblr-1730	43	64	resulted	result	VERB
cblr-1730	43	65	in	in	ADP
cblr-1730	43	66	distinct	distinct	ADJ
cblr-1730	43	67	compensation	compensation	NOUN
cblr-1730	43	68	structures	structure	NOUN
cblr-1730	43	69	.	.	PUNCT
cblr-1730	44	1	advisers	adviser	NOUN
cblr-1730	44	2	have	have	AUX
cblr-1730	44	3	typically	typically	ADV
cblr-1730	44	4	been	be	AUX
cblr-1730	44	5	compensated	compensate	VERB
cblr-1730	44	6	with	with	ADP
cblr-1730	44	7	annual	annual	ADJ
cblr-1730	44	8	management	management	NOUN
cblr-1730	44	9	fees	fee	NOUN
cblr-1730	44	10	,	,	PUNCT
cblr-1730	44	11	asset	asset	NOUN
cblr-1730	44	12	-	-	PUNCT
cblr-1730	44	13	based	base	VERB
cblr-1730	44	14	fees	fee	NOUN
cblr-1730	44	15	,	,	PUNCT
cblr-1730	44	16	or	or	CCONJ
cblr-1730	44	17	a	a	DET
cblr-1730	44	18	percentage	percentage	NOUN
cblr-1730	44	19	of	of	ADP
cblr-1730	44	20	the	the	DET
cblr-1730	44	21	assets	asset	NOUN
cblr-1730	44	22	managed	manage	VERB
cblr-1730	44	23	(	(	PUNCT
cblr-1730	44	24	i.e.	i.e.	X
cblr-1730	44	25	,	,	PUNCT
cblr-1730	44	26	ongoing	ongoing	ADJ
cblr-1730	44	27	management	management	NOUN
cblr-1730	44	28	/	/	SYM
cblr-1730	44	29	advice	advice	NOUN
cblr-1730	44	30	based	base	VERB
cblr-1730	44	31	compensation).11	compensation).11	NOUN
cblr-1730	44	32	brokers	broker	NOUN
cblr-1730	44	33	,	,	PUNCT
cblr-1730	44	34	on	on	ADP
cblr-1730	44	35	the	the	DET
cblr-1730	44	36	other	other	ADJ
cblr-1730	44	37	hand	hand	NOUN
cblr-1730	44	38	,	,	PUNCT
cblr-1730	44	39	have	have	AUX
cblr-1730	44	40	been	be	AUX
cblr-1730	44	41	compensated	compensate	VERB
cblr-1730	44	42	with	with	ADP
cblr-1730	44	43	commission	commission	NOUN
cblr-1730	44	44	-	-	PUNCT
cblr-1730	44	45	based	base	VERB
cblr-1730	44	46	fees	fee	NOUN
cblr-1730	44	47	9	9	NUM
cblr-1730	44	48	arthur	arthur	PROPN
cblr-1730	44	49	b.	b.	PROPN
cblr-1730	44	50	laby	laby	PROPN
cblr-1730	44	51	,	,	PUNCT
cblr-1730	44	52	selling	sell	VERB
cblr-1730	44	53	advice	advice	NOUN
cblr-1730	44	54	and	and	CCONJ
cblr-1730	44	55	creating	create	VERB
cblr-1730	44	56	expectations	expectation	NOUN
cblr-1730	44	57	:	:	PUNCT
cblr-1730	44	58	why	why	SCONJ
cblr-1730	44	59	brokers	broker	NOUN
cblr-1730	44	60	should	should	AUX
cblr-1730	44	61	be	be	AUX
cblr-1730	44	62	fiduciaries	fiduciary	NOUN
cblr-1730	44	63	,	,	PUNCT
cblr-1730	44	64	87	87	NUM
cblr-1730	44	65	wash	wash	NOUN
cblr-1730	44	66	.	.	PUNCT
cblr-1730	45	1	l.	l.	PROPN
cblr-1730	45	2	rev	rev	PROPN
cblr-1730	45	3	.	.	PROPN
cblr-1730	45	4	707	707	NUM
cblr-1730	45	5	,	,	PUNCT
cblr-1730	45	6	726	726	NUM
cblr-1730	45	7	,	,	PUNCT
cblr-1730	45	8	729–30	729–30	NUM
cblr-1730	45	9	(	(	PUNCT
cblr-1730	45	10	2012	2012	NUM
cblr-1730	45	11	)	)	PUNCT
cblr-1730	45	12	.	.	PUNCT
cblr-1730	46	1	10	10	NUM
cblr-1730	47	1	i	i	PRON
cblr-1730	47	2	d.	d.	VERB
cblr-1730	47	3	at	at	ADP
cblr-1730	47	4	726	726	NUM
cblr-1730	47	5	.	.	NOUN
cblr-1730	47	6	11	11	NUM
cblr-1730	47	7	see	see	VERB
cblr-1730	47	8	edwards	edwards	PROPN
cblr-1730	47	9	,	,	PUNCT
cblr-1730	47	10	supra	supra	PROPN
cblr-1730	47	11	note	note	PROPN
cblr-1730	47	12	2	2	NUM
cblr-1730	47	13	,	,	PUNCT
cblr-1730	47	14	106–07	106–07	NUM
cblr-1730	47	15	.	.	PUNCT
cblr-1730	48	1	smith	smith	PROPN
cblr-1730	48	2	–	–	PUNCT
cblr-1730	48	3	final	final	ADJ
cblr-1730	48	4	1204	1204	NUM
cblr-1730	48	5	columbia	columbia	PROPN
cblr-1730	48	6	business	business	NOUN
cblr-1730	48	7	law	law	PROPN
cblr-1730	48	8	review	review	NOUN
cblr-1730	48	9	[	[	X
cblr-1730	48	10	vol	vol	NOUN
cblr-1730	48	11	.	.	NOUN
cblr-1730	48	12	2017	2017	NUM
cblr-1730	48	13	(	(	PUNCT
cblr-1730	48	14	i.e.	i.e.	X
cblr-1730	48	15	,	,	PUNCT
cblr-1730	48	16	transaction	transaction	NOUN
cblr-1730	48	17	-	-	PUNCT
cblr-1730	48	18	based	base	VERB
cblr-1730	48	19	compensation).12	compensation).12	NOUN
cblr-1730	48	20	additionally	additionally	ADV
cblr-1730	48	21	,	,	PUNCT
cblr-1730	48	22	brokers	broker	NOUN
cblr-1730	48	23	and	and	CCONJ
cblr-1730	48	24	advisers	adviser	NOUN
cblr-1730	48	25	are	be	AUX
cblr-1730	48	26	subject	subject	ADJ
cblr-1730	48	27	to	to	ADP
cblr-1730	48	28	different	different	ADJ
cblr-1730	48	29	governing	govern	VERB
cblr-1730	48	30	statutory	statutory	ADJ
cblr-1730	48	31	authorities	authority	NOUN
cblr-1730	48	32	.	.	PUNCT
cblr-1730	49	1	advisers	adviser	NOUN
cblr-1730	49	2	are	be	AUX
cblr-1730	49	3	governed	govern	VERB
cblr-1730	49	4	under	under	ADP
cblr-1730	49	5	the	the	DET
cblr-1730	49	6	iaa	iaa	NOUN
cblr-1730	49	7	of	of	ADP
cblr-1730	49	8	1940	1940	NUM
cblr-1730	49	9	,	,	PUNCT
cblr-1730	49	10	while	while	SCONJ
cblr-1730	49	11	brokers	broker	NOUN
cblr-1730	49	12	largely	largely	ADV
cblr-1730	49	13	fall	fall	VERB
cblr-1730	49	14	under	under	ADP
cblr-1730	49	15	the	the	DET
cblr-1730	49	16	sea	sea	NOUN
cblr-1730	49	17	of	of	ADP
cblr-1730	49	18	1934	1934	NUM
cblr-1730	49	19	.	.	PUNCT
cblr-1730	50	1	given	give	VERB
cblr-1730	50	2	these	these	DET
cblr-1730	50	3	different	different	ADJ
cblr-1730	50	4	roles	role	NOUN
cblr-1730	50	5	,	,	PUNCT
cblr-1730	50	6	compensation	compensation	NOUN
cblr-1730	50	7	structures	structure	NOUN
cblr-1730	50	8	,	,	PUNCT
cblr-1730	50	9	and	and	CCONJ
cblr-1730	50	10	governing	govern	VERB
cblr-1730	50	11	authorities	authority	NOUN
cblr-1730	50	12	,	,	PUNCT
cblr-1730	50	13	early	early	ADJ
cblr-1730	50	14	court	court	NOUN
cblr-1730	50	15	decisions	decision	NOUN
cblr-1730	50	16	unsurprisingly	unsurprisingly	ADV
cblr-1730	50	17	reached	reach	VERB
cblr-1730	50	18	two	two	NUM
cblr-1730	50	19	distinct	distinct	ADJ
cblr-1730	50	20	legal	legal	ADJ
cblr-1730	50	21	duties	duty	NOUN
cblr-1730	50	22	for	for	ADP
cblr-1730	50	23	brokers	broker	NOUN
cblr-1730	50	24	and	and	CCONJ
cblr-1730	50	25	advisers	adviser	NOUN
cblr-1730	50	26	.	.	PUNCT
cblr-1730	51	1	although	although	SCONJ
cblr-1730	51	2	the	the	DET
cblr-1730	51	3	iaa	iaa	NOUN
cblr-1730	51	4	of	of	ADP
cblr-1730	51	5	1940	1940	NUM
cblr-1730	51	6	does	do	AUX
cblr-1730	51	7	not	not	PART
cblr-1730	51	8	expressly	expressly	ADV
cblr-1730	51	9	provide	provide	VERB
cblr-1730	51	10	for	for	ADP
cblr-1730	51	11	a	a	DET
cblr-1730	51	12	federal	federal	ADJ
cblr-1730	51	13	fiduciary	fiduciary	ADJ
cblr-1730	51	14	duty	duty	NOUN
cblr-1730	51	15	,	,	PUNCT
cblr-1730	51	16	courts	court	NOUN
cblr-1730	51	17	have	have	AUX
cblr-1730	51	18	previously	previously	ADV
cblr-1730	51	19	held	hold	VERB
cblr-1730	51	20	that	that	DET
cblr-1730	51	21	section	section	NOUN
cblr-1730	51	22	206	206	NUM
cblr-1730	51	23	of	of	ADP
cblr-1730	51	24	the	the	DET
cblr-1730	51	25	iaa	iaa	NOUN
cblr-1730	51	26	establishes	establish	VERB
cblr-1730	51	27	“	"	PUNCT
cblr-1730	51	28	federal	federal	ADJ
cblr-1730	51	29	fiduciary	fiduciary	ADJ
cblr-1730	51	30	standards	standard	NOUN
cblr-1730	51	31	,	,	PUNCT
cblr-1730	51	32	”	"	PUNCT
cblr-1730	51	33	which	which	PRON
cblr-1730	51	34	govern	govern	VERB
cblr-1730	51	35	the	the	DET
cblr-1730	51	36	conduct	conduct	NOUN
cblr-1730	51	37	of	of	ADP
cblr-1730	51	38	advisers.13	advisers.13	NOUN
cblr-1730	51	39	importantly	importantly	ADV
cblr-1730	51	40	,	,	PUNCT
cblr-1730	51	41	based	base	VERB
cblr-1730	51	42	on	on	ADP
cblr-1730	51	43	the	the	DET
cblr-1730	51	44	supreme	supreme	PROPN
cblr-1730	51	45	court	court	PROPN
cblr-1730	51	46	’s	’s	PART
cblr-1730	51	47	ruling	ruling	NOUN
cblr-1730	51	48	in	in	ADP
cblr-1730	51	49	sec	sec	PROPN
cblr-1730	51	50	v.	v.	ADP
cblr-1730	51	51	capital	capital	PROPN
cblr-1730	51	52	gains	gain	NOUN
cblr-1730	51	53	research	research	PROPN
cblr-1730	51	54	bureau	bureau	NOUN
cblr-1730	51	55	,	,	PUNCT
cblr-1730	51	56	the	the	DET
cblr-1730	51	57	securities	securities	PROPN
cblr-1730	51	58	and	and	CCONJ
cblr-1730	51	59	exchange	exchange	PROPN
cblr-1730	51	60	commission	commission	PROPN
cblr-1730	51	61	(	(	PUNCT
cblr-1730	51	62	the	the	DET
cblr-1730	51	63	“	"	PUNCT
cblr-1730	51	64	sec	sec	PROPN
cblr-1730	51	65	”	"	PUNCT
cblr-1730	51	66	)	)	PUNCT
cblr-1730	51	67	has	have	AUX
cblr-1730	51	68	determined	determine	VERB
cblr-1730	51	69	that	that	SCONJ
cblr-1730	51	70	advisers	adviser	NOUN
cblr-1730	51	71	’	’	PART
cblr-1730	51	72	fiduciary	fiduciary	ADJ
cblr-1730	51	73	duties	duty	NOUN
cblr-1730	51	74	include	include	VERB
cblr-1730	51	75	a	a	DET
cblr-1730	51	76	duty	duty	NOUN
cblr-1730	51	77	of	of	ADP
cblr-1730	51	78	“	"	PUNCT
cblr-1730	51	79	good	good	ADJ
cblr-1730	51	80	faith	faith	NOUN
cblr-1730	51	81	,	,	PUNCT
cblr-1730	51	82	and	and	CCONJ
cblr-1730	51	83	full	full	ADJ
cblr-1730	51	84	and	and	CCONJ
cblr-1730	51	85	fair	fair	ADJ
cblr-1730	51	86	disclosure	disclosure	NOUN
cblr-1730	51	87	of	of	ADP
cblr-1730	51	88	all	all	DET
cblr-1730	51	89	material	material	NOUN
cblr-1730	51	90	facts	fact	NOUN
cblr-1730	51	91	.	.	PUNCT
cblr-1730	52	1	”14	”14	PROPN
cblr-1730	52	2	the	the	DET
cblr-1730	52	3	sec	sec	PROPN
cblr-1730	52	4	has	have	AUX
cblr-1730	52	5	also	also	ADV
cblr-1730	52	6	stated	state	VERB
cblr-1730	52	7	that	that	SCONJ
cblr-1730	52	8	a	a	DET
cblr-1730	52	9	duty	duty	NOUN
cblr-1730	52	10	of	of	ADP
cblr-1730	52	11	loyalty	loyalty	NOUN
cblr-1730	52	12	is	be	AUX
cblr-1730	52	13	fundamental	fundamental	ADJ
cblr-1730	52	14	to	to	ADP
cblr-1730	52	15	the	the	DET
cblr-1730	52	16	federal	federal	ADJ
cblr-1730	52	17	fiduciary	fiduciary	ADJ
cblr-1730	52	18	standard	standard	NOUN
cblr-1730	52	19	and	and	CCONJ
cblr-1730	52	20	“	"	PUNCT
cblr-1730	52	21	requires	require	VERB
cblr-1730	52	22	an	an	DET
cblr-1730	52	23	adviser	adviser	NOUN
cblr-1730	52	24	to	to	PART
cblr-1730	52	25	serve	serve	VERB
cblr-1730	52	26	the	the	DET
cblr-1730	52	27	best	good	ADJ
cblr-1730	52	28	interests	interest	NOUN
cblr-1730	52	29	of	of	ADP
cblr-1730	52	30	his	his	PRON
cblr-1730	52	31	clients	client	NOUN
cblr-1730	52	32	.	.	PUNCT
cblr-1730	53	1	”15	”15	ADJ
cblr-1730	53	2	serving	serve	VERB
cblr-1730	53	3	their	their	PRON
cblr-1730	53	4	clients	client	NOUN
cblr-1730	53	5	’	’	PART
cblr-1730	53	6	best	good	ADJ
cblr-1730	53	7	interests	interest	NOUN
cblr-1730	53	8	includes	include	VERB
cblr-1730	53	9	selecting	select	VERB
cblr-1730	53	10	suitable	suitable	ADJ
cblr-1730	53	11	securities	security	NOUN
cblr-1730	53	12	for	for	ADP
cblr-1730	53	13	their	their	PRON
cblr-1730	53	14	account	account	NOUN
cblr-1730	53	15	and	and	CCONJ
cblr-1730	53	16	taking	take	VERB
cblr-1730	53	17	into	into	ADP
cblr-1730	53	18	consideration	consideration	NOUN
cblr-1730	53	19	the	the	DET
cblr-1730	53	20	price	price	NOUN
cblr-1730	53	21	and	and	CCONJ
cblr-1730	53	22	management	management	NOUN
cblr-1730	53	23	fees	fee	NOUN
cblr-1730	53	24	of	of	ADP
cblr-1730	53	25	those	those	DET
cblr-1730	53	26	securities.16	securities.16	PROPN
cblr-1730	53	27	in	in	ADP
cblr-1730	53	28	this	this	DET
cblr-1730	53	29	way	way	NOUN
cblr-1730	53	30	,	,	PUNCT
cblr-1730	53	31	the	the	DET
cblr-1730	53	32	fiduciary	fiduciary	ADJ
cblr-1730	53	33	duty	duty	NOUN
cblr-1730	53	34	prevents	prevent	VERB
cblr-1730	53	35	incentives	incentive	NOUN
cblr-1730	53	36	for	for	SCONJ
cblr-1730	53	37	advisers	adviser	NOUN
cblr-1730	53	38	to	to	PART
cblr-1730	53	39	recommend	recommend	VERB
cblr-1730	53	40	equally	equally	ADV
cblr-1730	53	41	suitable	suitable	ADJ
cblr-1730	53	42	but	but	CCONJ
cblr-1730	53	43	more	more	ADV
cblr-1730	53	44	costly	costly	ADJ
cblr-1730	53	45	securities	security	NOUN
cblr-1730	53	46	.	.	PUNCT
cblr-1730	54	1	the	the	DET
cblr-1730	54	2	fiduciary	fiduciary	ADJ
cblr-1730	54	3	duty	duty	NOUN
cblr-1730	54	4	also	also	ADV
cblr-1730	54	5	obligates	obligate	VERB
cblr-1730	54	6	them	they	PRON
cblr-1730	54	7	to	to	PART
cblr-1730	54	8	continually	continually	ADV
cblr-1730	54	9	monitor	monitor	VERB
cblr-1730	54	10	their	their	PRON
cblr-1730	54	11	clients	client	NOUN
cblr-1730	54	12	’	'	PUNCT
cblr-1730	54	13	accounts.17	accounts.17	NOUN
cblr-1730	54	14	since	since	SCONJ
cblr-1730	54	15	the	the	DET
cblr-1730	54	16	iaa	iaa	NOUN
cblr-1730	54	17	explicitly	explicitly	ADV
cblr-1730	54	18	excludes	exclude	VERB
cblr-1730	54	19	brokers	broker	NOUN
cblr-1730	54	20	from	from	ADP
cblr-1730	54	21	falling	fall	VERB
cblr-1730	54	22	under	under	ADP
cblr-1730	54	23	the	the	DET
cblr-1730	54	24	scope	scope	NOUN
cblr-1730	54	25	of	of	ADP
cblr-1730	54	26	“	"	PUNCT
cblr-1730	54	27	investment	investment	NOUN
cblr-1730	54	28	adviser	adviser	NOUN
cblr-1730	54	29	,	,	PUNCT
cblr-1730	54	30	”	"	PUNCT
cblr-1730	54	31	courts	court	NOUN
cblr-1730	54	32	have	have	AUX
cblr-1730	54	33	interpreted	interpret	VERB
cblr-1730	54	34	12	12	NUM
cblr-1730	54	35	i	i	PROPN
cblr-1730	54	36	d.	d.	PROPN
cblr-1730	54	37	at	at	ADP
cblr-1730	54	38	106	106	NUM
cblr-1730	54	39	.	.	PUNCT
cblr-1730	55	1	13	13	NUM
cblr-1730	55	2	transamerica	transamerica	PROPN
cblr-1730	55	3	mortg	mortg	NOUN
cblr-1730	55	4	.	.	PUNCT
cblr-1730	56	1	advisors	advisor	NOUN
cblr-1730	56	2	,	,	PUNCT
cblr-1730	56	3	inc	inc	PROPN
cblr-1730	56	4	.	.	PROPN
cblr-1730	57	1	v.	v.	PROPN
cblr-1730	57	2	lewis	lewis	PROPN
cblr-1730	57	3	,	,	PUNCT
cblr-1730	57	4	444	444	NUM
cblr-1730	57	5	u.s	u.s	PROPN
cblr-1730	57	6	.	.	PROPN
cblr-1730	57	7	11	11	NUM
cblr-1730	57	8	,	,	PUNCT
cblr-1730	57	9	16–17	16–17	NUM
cblr-1730	57	10	(	(	PUNCT
cblr-1730	57	11	1979	1979	NUM
cblr-1730	57	12	)	)	PUNCT
cblr-1730	57	13	;	;	PUNCT
cblr-1730	57	14	santa	santa	PROPN
cblr-1730	57	15	fe	fe	PROPN
cblr-1730	57	16	indus	indus	PROPN
cblr-1730	57	17	.	.	PROPN
cblr-1730	57	18	,	,	PUNCT
cblr-1730	57	19	inc	inc	PROPN
cblr-1730	57	20	.	.	PROPN
cblr-1730	58	1	v.	v.	PROPN
cblr-1730	58	2	green	green	PROPN
cblr-1730	58	3	,	,	PUNCT
cblr-1730	59	1	430	430	NUM
cblr-1730	59	2	u.s	u.s	PROPN
cblr-1730	59	3	.	.	PROPN
cblr-1730	59	4	462	462	NUM
cblr-1730	59	5	,	,	PUNCT
cblr-1730	59	6	471	471	NUM
cblr-1730	59	7	n.11	n.11	NOUN
cblr-1730	59	8	(	(	PUNCT
cblr-1730	59	9	1977	1977	NUM
cblr-1730	59	10	)	)	PUNCT
cblr-1730	59	11	;	;	PUNCT
cblr-1730	59	12	sec	sec	PROPN
cblr-1730	59	13	v.	v.	ADP
cblr-1730	59	14	capital	capital	PROPN
cblr-1730	59	15	gains	gain	NOUN
cblr-1730	59	16	research	research	PROPN
cblr-1730	59	17	bureau	bureau	PROPN
cblr-1730	59	18	,	,	PUNCT
cblr-1730	59	19	inc	inc	PROPN
cblr-1730	59	20	.	.	PROPN
cblr-1730	59	21	,	,	PUNCT
cblr-1730	59	22	375	375	NUM
cblr-1730	59	23	u.s	u.s	PROPN
cblr-1730	59	24	.	.	PROPN
cblr-1730	59	25	180	180	NUM
cblr-1730	59	26	,	,	PUNCT
cblr-1730	59	27	191–92	191–92	NUM
cblr-1730	59	28	,	,	PUNCT
cblr-1730	59	29	194	194	NUM
cblr-1730	59	30	(	(	PUNCT
cblr-1730	59	31	1963	1963	NUM
cblr-1730	59	32	)	)	PUNCT
cblr-1730	59	33	.	.	PUNCT
cblr-1730	60	1	see	see	VERB
cblr-1730	60	2	also	also	ADV
cblr-1730	60	3	edwards	edwards	PROPN
cblr-1730	60	4	,	,	PUNCT
cblr-1730	60	5	supra	supra	PROPN
cblr-1730	60	6	note	note	NOUN
cblr-1730	60	7	2	2	NUM
cblr-1730	60	8	,	,	PUNCT
cblr-1730	60	9	at	at	ADP
cblr-1730	60	10	108	108	NUM
cblr-1730	60	11	.	.	PUNCT
cblr-1730	61	1	14	14	NUM
cblr-1730	61	2	sec	sec	PROPN
cblr-1730	61	3	study	study	NOUN
cblr-1730	61	4	,	,	PUNCT
cblr-1730	61	5	supra	supra	PROPN
cblr-1730	61	6	note	note	PROPN
cblr-1730	61	7	6	6	NUM
cblr-1730	61	8	,	,	PUNCT
cblr-1730	61	9	at	at	ADP
cblr-1730	61	10	22	22	NUM
cblr-1730	61	11	.	.	PUNCT
cblr-1730	62	1	see	see	VERB
cblr-1730	62	2	generally	generally	ADV
cblr-1730	62	3	sec	sec	PROPN
cblr-1730	62	4	v.	v.	CCONJ
cblr-1730	62	5	capital	capital	NOUN
cblr-1730	62	6	gains	gain	NOUN
cblr-1730	62	7	research	research	NOUN
cblr-1730	62	8	bureau	bureau	NOUN
cblr-1730	62	9	,	,	PUNCT
cblr-1730	62	10	375	375	NUM
cblr-1730	62	11	u.s	u.s	PROPN
cblr-1730	62	12	.	.	PROPN
cblr-1730	62	13	at	at	ADP
cblr-1730	62	14	181	181	NUM
cblr-1730	62	15	.	.	PUNCT
cblr-1730	62	16	15	15	NUM
cblr-1730	62	17	sec	sec	PROPN
cblr-1730	62	18	study	study	NOUN
cblr-1730	62	19	,	,	PUNCT
cblr-1730	62	20	supra	supra	PROPN
cblr-1730	62	21	note	note	PROPN
cblr-1730	62	22	6	6	NUM
cblr-1730	62	23	,	,	PUNCT
cblr-1730	62	24	at	at	ADP
cblr-1730	62	25	22	22	NUM
cblr-1730	62	26	.	.	PUNCT
cblr-1730	63	1	16	16	NUM
cblr-1730	63	2	see	see	VERB
cblr-1730	63	3	edwards	edwards	PROPN
cblr-1730	63	4	,	,	PUNCT
cblr-1730	63	5	supra	supra	PROPN
cblr-1730	63	6	note	note	NOUN
cblr-1730	63	7	2	2	NUM
cblr-1730	63	8	,	,	PUNCT
cblr-1730	63	9	at	at	ADP
cblr-1730	63	10	106	106	NUM
cblr-1730	63	11	.	.	PUNCT
cblr-1730	64	1	17	17	NUM
cblr-1730	64	2	christine	christine	PROPN
cblr-1730	64	3	lazaro	lazaro	PROPN
cblr-1730	64	4	,	,	PUNCT
cblr-1730	64	5	the	the	DET
cblr-1730	64	6	future	future	NOUN
cblr-1730	64	7	of	of	ADP
cblr-1730	64	8	financial	financial	ADJ
cblr-1730	64	9	advice	advice	NOUN
cblr-1730	64	10	:	:	PUNCT
cblr-1730	64	11	eliminating	eliminate	VERB
cblr-1730	64	12	the	the	DET
cblr-1730	64	13	false	false	ADJ
cblr-1730	64	14	distinction	distinction	NOUN
cblr-1730	64	15	between	between	ADP
cblr-1730	64	16	brokers	broker	NOUN
cblr-1730	64	17	and	and	CCONJ
cblr-1730	64	18	investment	investment	NOUN
cblr-1730	64	19	advisors	advisor	NOUN
cblr-1730	64	20	,	,	PUNCT
cblr-1730	64	21	87	87	NUM
cblr-1730	64	22	st	st	PROPN
cblr-1730	64	23	.	.	PROPN
cblr-1730	64	24	john	john	PROPN
cblr-1730	64	25	’s	’s	PROPN
cblr-1730	64	26	l.	l.	PROPN
cblr-1730	64	27	rev	rev	PROPN
cblr-1730	64	28	.	.	PROPN
cblr-1730	64	29	381	381	NUM
cblr-1730	64	30	,	,	PUNCT
cblr-1730	64	31	382	382	NUM
cblr-1730	64	32	(	(	PUNCT
cblr-1730	64	33	2014	2014	NUM
cblr-1730	64	34	)	)	PUNCT
cblr-1730	64	35	.	.	PUNCT
cblr-1730	65	1	smith	smith	PROPN
cblr-1730	65	2	–	–	PUNCT
cblr-1730	65	3	final	final	ADJ
cblr-1730	65	4	no	no	NOUN
cblr-1730	65	5	.	.	PUNCT
cblr-1730	66	1	3:1200	3:1200	NUM
cblr-1730	66	2	]	]	X
cblr-1730	66	3	a	a	DET
cblr-1730	66	4	uniform	uniform	ADJ
cblr-1730	66	5	fiduciary	fiduciary	ADJ
cblr-1730	66	6	duty	duty	NOUN
cblr-1730	66	7	1205	1205	NUM
cblr-1730	66	8	this	this	DET
cblr-1730	66	9	act	act	NOUN
cblr-1730	66	10	to	to	PART
cblr-1730	66	11	bar	bar	VERB
cblr-1730	66	12	brokers	broker	NOUN
cblr-1730	66	13	from	from	ADP
cblr-1730	66	14	liability	liability	NOUN
cblr-1730	66	15	for	for	ADP
cblr-1730	66	16	advice	advice	NOUN
cblr-1730	66	17	given	give	VERB
cblr-1730	66	18	to	to	ADP
cblr-1730	66	19	investors	investor	NOUN
cblr-1730	66	20	unless	unless	SCONJ
cblr-1730	66	21	they	they	PRON
cblr-1730	66	22	were	be	AUX
cblr-1730	66	23	“	"	PUNCT
cblr-1730	66	24	specially	specially	ADV
cblr-1730	66	25	compensated	compensate	VERB
cblr-1730	66	26	”	"	PUNCT
cblr-1730	66	27	for	for	ADP
cblr-1730	66	28	their	their	PRON
cblr-1730	66	29	advice	advice	NOUN
cblr-1730	66	30	or	or	CCONJ
cblr-1730	66	31	gave	give	VERB
cblr-1730	66	32	advice	advice	NOUN
cblr-1730	66	33	that	that	PRON
cblr-1730	66	34	was	be	AUX
cblr-1730	66	35	not	not	PART
cblr-1730	66	36	“	"	PUNCT
cblr-1730	66	37	solely	solely	ADV
cblr-1730	66	38	incidental	incidental	ADJ
cblr-1730	66	39	”	"	PUNCT
cblr-1730	66	40	to	to	ADP
cblr-1730	66	41	a	a	DET
cblr-1730	66	42	broker	broker	NOUN
cblr-1730	66	43	’s	’s	PART
cblr-1730	66	44	business	business	NOUN
cblr-1730	66	45	of	of	ADP
cblr-1730	66	46	trade	trade	NOUN
cblr-1730	66	47	execution.18	execution.18	NOUN
cblr-1730	66	48	courts	court	NOUN
cblr-1730	66	49	have	have	AUX
cblr-1730	66	50	expounded	expound	VERB
cblr-1730	66	51	a	a	DET
cblr-1730	66	52	broad	broad	ADJ
cblr-1730	66	53	judicial	judicial	ADJ
cblr-1730	66	54	interpretation	interpretation	NOUN
cblr-1730	66	55	of	of	ADP
cblr-1730	66	56	“	"	PUNCT
cblr-1730	66	57	solely	solely	ADV
cblr-1730	66	58	incidental	incidental	ADJ
cblr-1730	66	59	”	"	PUNCT
cblr-1730	66	60	as	as	ADP
cblr-1730	66	61	“	"	PUNCT
cblr-1730	66	62	in	in	ADP
cblr-1730	66	63	connection	connection	NOUN
cblr-1730	66	64	with	with	ADP
cblr-1730	66	65	the	the	DET
cblr-1730	66	66	sale	sale	NOUN
cblr-1730	66	67	of	of	ADP
cblr-1730	66	68	a	a	DET
cblr-1730	66	69	product	product	NOUN
cblr-1730	66	70	.	.	PUNCT
cblr-1730	67	1	”19	”19	NOUN
cblr-1730	67	2	alternatively	alternatively	ADV
cblr-1730	67	3	,	,	PUNCT
cblr-1730	67	4	courts	court	NOUN
cblr-1730	67	5	have	have	VERB
cblr-1730	67	6	a	a	DET
cblr-1730	67	7	narrow	narrow	ADJ
cblr-1730	67	8	interpretation	interpretation	NOUN
cblr-1730	67	9	of	of	ADP
cblr-1730	67	10	“	"	PUNCT
cblr-1730	67	11	special	special	ADJ
cblr-1730	67	12	compensation	compensation	NOUN
cblr-1730	67	13	,	,	PUNCT
cblr-1730	67	14	”	"	PUNCT
cblr-1730	67	15	as	as	SCONJ
cblr-1730	67	16	compensation	compensation	NOUN
cblr-1730	67	17	“	"	PUNCT
cblr-1730	67	18	received	receive	VERB
cblr-1730	67	19	specifically	specifically	ADV
cblr-1730	67	20	in	in	ADP
cblr-1730	67	21	exchange	exchange	NOUN
cblr-1730	67	22	for	for	ADP
cblr-1730	67	23	giving	give	VERB
cblr-1730	67	24	advice	advice	NOUN
cblr-1730	67	25	,	,	PUNCT
cblr-1730	67	26	as	as	SCONJ
cblr-1730	67	27	opposed	oppose	VERB
cblr-1730	67	28	to	to	ADP
cblr-1730	67	29	some	some	DET
cblr-1730	67	30	other	other	ADJ
cblr-1730	67	31	service,”20	service,”20	NOUN
cblr-1730	67	32	and	and	CCONJ
cblr-1730	67	33	where	where	SCONJ
cblr-1730	67	34	“	"	PUNCT
cblr-1730	67	35	the	the	DET
cblr-1730	67	36	compensation	compensation	NOUN
cblr-1730	67	37	takes	take	VERB
cblr-1730	67	38	a	a	DET
cblr-1730	67	39	form	form	NOUN
cblr-1730	67	40	other	other	ADJ
cblr-1730	67	41	than	than	ADP
cblr-1730	67	42	a	a	DET
cblr-1730	67	43	commission	commission	NOUN
cblr-1730	67	44	or	or	CCONJ
cblr-1730	67	45	analogous	analogous	ADJ
cblr-1730	67	46	transactionbased	transactionbase	VERB
cblr-1730	67	47	compensation	compensation	NOUN
cblr-1730	67	48	received	receive	VERB
cblr-1730	67	49	for	for	ADP
cblr-1730	67	50	the	the	DET
cblr-1730	67	51	sale	sale	NOUN
cblr-1730	67	52	of	of	ADP
cblr-1730	67	53	a	a	DET
cblr-1730	67	54	product	product	NOUN
cblr-1730	67	55	.	.	PUNCT
cblr-1730	68	1	”21	”21	ADP
cblr-1730	68	2	these	these	DET
cblr-1730	68	3	two	two	NUM
cblr-1730	68	4	definitions	definition	NOUN
cblr-1730	68	5	create	create	VERB
cblr-1730	68	6	a	a	DET
cblr-1730	68	7	high	high	ADJ
cblr-1730	68	8	bar	bar	NOUN
cblr-1730	68	9	for	for	SCONJ
cblr-1730	68	10	investors	investor	NOUN
cblr-1730	68	11	to	to	PART
cblr-1730	68	12	overcome	overcome	VERB
cblr-1730	68	13	in	in	ADP
cblr-1730	68	14	order	order	NOUN
cblr-1730	68	15	to	to	PART
cblr-1730	68	16	hold	hold	VERB
cblr-1730	68	17	brokers	broker	NOUN
cblr-1730	68	18	accountable	accountable	ADJ
cblr-1730	68	19	to	to	ADP
cblr-1730	68	20	fiduciary	fiduciary	ADJ
cblr-1730	68	21	duties	duty	NOUN
cblr-1730	68	22	under	under	ADP
cblr-1730	68	23	the	the	DET
cblr-1730	68	24	iaa	iaa	NOUN
cblr-1730	68	25	.	.	PUNCT
cblr-1730	69	1	instead	instead	ADV
cblr-1730	69	2	,	,	PUNCT
cblr-1730	69	3	under	under	ADP
cblr-1730	69	4	most	most	ADJ
cblr-1730	69	5	circumstances	circumstance	NOUN
cblr-1730	69	6	,	,	PUNCT
cblr-1730	69	7	the	the	DET
cblr-1730	69	8	legal	legal	ADJ
cblr-1730	69	9	obligations	obligation	NOUN
cblr-1730	69	10	brokers	broker	NOUN
cblr-1730	69	11	have	have	VERB
cblr-1730	69	12	to	to	ADP
cblr-1730	69	13	their	their	PRON
cblr-1730	69	14	clients	client	NOUN
cblr-1730	69	15	derive	derive	VERB
cblr-1730	69	16	,	,	PUNCT
cblr-1730	69	17	at	at	ADP
cblr-1730	69	18	least	least	ADJ
cblr-1730	69	19	initially	initially	ADV
cblr-1730	69	20	,	,	PUNCT
cblr-1730	69	21	from	from	ADP
cblr-1730	69	22	the	the	DET
cblr-1730	69	23	sea	sea	NOUN
cblr-1730	69	24	,	,	PUNCT
cblr-1730	69	25	which	which	PRON
cblr-1730	69	26	requires	require	VERB
cblr-1730	69	27	brokers	broker	NOUN
cblr-1730	69	28	to	to	PART
cblr-1730	69	29	register	register	VERB
cblr-1730	69	30	with	with	ADP
cblr-1730	69	31	the	the	DET
cblr-1730	69	32	sec	sec	PROPN
cblr-1730	69	33	and	and	CCONJ
cblr-1730	69	34	to	to	PART
cblr-1730	69	35	join	join	VERB
cblr-1730	69	36	self	self	NOUN
cblr-1730	69	37	-	-	PUNCT
cblr-1730	69	38	regulating	regulate	VERB
cblr-1730	69	39	entities	entity	NOUN
cblr-1730	69	40	such	such	ADJ
cblr-1730	69	41	as	as	ADP
cblr-1730	69	42	the	the	DET
cblr-1730	69	43	financial	financial	ADJ
cblr-1730	69	44	industry	industry	NOUN
cblr-1730	69	45	regulatory	regulatory	ADJ
cblr-1730	69	46	authority	authority	NOUN
cblr-1730	69	47	(	(	PUNCT
cblr-1730	69	48	“	"	PUNCT
cblr-1730	69	49	finra”).22	finra”).22	NOUN
cblr-1730	69	50	as	as	ADP
cblr-1730	69	51	a	a	DET
cblr-1730	69	52	result	result	NOUN
cblr-1730	69	53	,	,	PUNCT
cblr-1730	69	54	“	"	PUNCT
cblr-1730	69	55	in	in	ADP
cblr-1730	69	56	most	most	ADJ
cblr-1730	69	57	instances	instance	NOUN
cblr-1730	69	58	,	,	PUNCT
cblr-1730	69	59	finra	finra	PROPN
cblr-1730	69	60	rules	rule	NOUN
cblr-1730	69	61	define	define	VERB
cblr-1730	69	62	the	the	DET
cblr-1730	69	63	scope	scope	NOUN
cblr-1730	69	64	of	of	ADP
cblr-1730	69	65	a	a	DET
cblr-1730	69	66	broker	broker	NOUN
cblr-1730	69	67	’s	’s	PART
cblr-1730	69	68	obligations	obligation	NOUN
cblr-1730	69	69	to	to	ADP
cblr-1730	69	70	her	her	PRON
cblr-1730	69	71	clients	client	NOUN
cblr-1730	69	72	.	.	PUNCT
cblr-1730	70	1	”23	”23	ADV
cblr-1730	71	1	of	of	ADP
cblr-1730	71	2	particular	particular	ADJ
cblr-1730	71	3	importance	importance	NOUN
cblr-1730	71	4	is	be	AUX
cblr-1730	71	5	finra	finra	NOUN
cblr-1730	71	6	rule	rule	NOUN
cblr-1730	71	7	2111	2111	NUM
cblr-1730	71	8	,	,	PUNCT
cblr-1730	71	9	also	also	ADV
cblr-1730	71	10	known	know	VERB
cblr-1730	71	11	as	as	ADP
cblr-1730	71	12	the	the	DET
cblr-1730	71	13	“	"	PUNCT
cblr-1730	71	14	suitability	suitability	NOUN
cblr-1730	71	15	rule	rule	NOUN
cblr-1730	71	16	,	,	PUNCT
cblr-1730	71	17	”	"	PUNCT
cblr-1730	71	18	which	which	PRON
cblr-1730	71	19	directly	directly	ADV
cblr-1730	71	20	governs	govern	VERB
cblr-1730	71	21	the	the	DET
cblr-1730	71	22	advice	advice	NOUN
cblr-1730	71	23	brokers	broker	NOUN
cblr-1730	71	24	may	may	AUX
cblr-1730	71	25	give	give	VERB
cblr-1730	71	26	their	their	PRON
cblr-1730	71	27	clients.24	clients.24	NOUN
cblr-1730	71	28	the	the	DET
cblr-1730	71	29	suitability	suitability	NOUN
cblr-1730	71	30	rule	rule	NOUN
cblr-1730	71	31	requires	require	VERB
cblr-1730	71	32	that	that	SCONJ
cblr-1730	71	33	the	the	DET
cblr-1730	71	34	broker	broker	NOUN
cblr-1730	71	35	’s	’s	PART
cblr-1730	71	36	recommendation	recommendation	NOUN
cblr-1730	71	37	must	must	AUX
cblr-1730	71	38	be	be	AUX
cblr-1730	71	39	merely	merely	ADV
cblr-1730	71	40	suitable	suitable	ADJ
cblr-1730	71	41	for	for	ADP
cblr-1730	71	42	the	the	DET
cblr-1730	71	43	client.25	client.25	NOUN
cblr-1730	71	44	specifically	specifically	ADV
cblr-1730	71	45	,	,	PUNCT
cblr-1730	71	46	rule	rule	VERB
cblr-1730	71	47	2111	2111	NUM
cblr-1730	71	48	states	state	NOUN
cblr-1730	71	49	:	:	PUNCT
cblr-1730	71	50	18	18	NUM
cblr-1730	71	51	thomas	thomas	PROPN
cblr-1730	71	52	v.	v.	PROPN
cblr-1730	71	53	metro	metro	PROPN
cblr-1730	71	54	.	.	PUNCT
cblr-1730	72	1	life	life	NOUN
cblr-1730	72	2	ins	ins	PROPN
cblr-1730	72	3	.	.	PUNCT
cblr-1730	72	4	co.	co.	PROPN
cblr-1730	72	5	,	,	PUNCT
cblr-1730	72	6	631	631	NUM
cblr-1730	72	7	f.3d	f.3d	NUM
cblr-1730	72	8	1153	1153	NUM
cblr-1730	72	9	,	,	PUNCT
cblr-1730	72	10	1166	1166	NUM
cblr-1730	72	11	(	(	PUNCT
cblr-1730	72	12	10th	10th	ADJ
cblr-1730	72	13	cir	cir	NOUN
cblr-1730	72	14	.	.	PUNCT
cblr-1730	72	15	2011	2011	NUM
cblr-1730	72	16	)	)	PUNCT
cblr-1730	72	17	;	;	PUNCT
cblr-1730	73	1	wiener	wiener	NOUN
cblr-1730	73	2	v.	v.	PROPN
cblr-1730	73	3	eaton	eaton	PROPN
cblr-1730	73	4	vance	vance	PROPN
cblr-1730	73	5	distribs	distribs	PROPN
cblr-1730	73	6	.	.	PUNCT
cblr-1730	73	7	,	,	PUNCT
cblr-1730	73	8	inc	inc	PROPN
cblr-1730	73	9	.	.	PROPN
cblr-1730	73	10	,	,	PUNCT
cblr-1730	73	11	no	no	INTJ
cblr-1730	73	12	.	.	NOUN
cblr-1730	73	13	10	10	NUM
cblr-1730	73	14	-	-	PUNCT
cblr-1730	73	15	10515	10515	NUM
cblr-1730	73	16	-	-	PUNCT
cblr-1730	73	17	dpw	dpw	NOUN
cblr-1730	73	18	,	,	PUNCT
cblr-1730	73	19	2011	2011	NUM
cblr-1730	73	20	wl	wl	NOUN
cblr-1730	73	21	1233131	1233131	NUM
cblr-1730	73	22	,	,	PUNCT
cblr-1730	73	23	at	at	ADP
cblr-1730	73	24	*	*	NOUN
cblr-1730	73	25	2	2	NUM
cblr-1730	73	26	(	(	PUNCT
cblr-1730	73	27	d.	d.	PROPN
cblr-1730	73	28	mass	mass	PROPN
cblr-1730	73	29	.	.	PUNCT
cblr-1730	74	1	mar	mar	PROPN
cblr-1730	74	2	.	.	PROPN
cblr-1730	74	3	30	30	NUM
cblr-1730	74	4	,	,	PUNCT
cblr-1730	74	5	2011	2011	NUM
cblr-1730	74	6	)	)	PUNCT
cblr-1730	74	7	.	.	PUNCT
cblr-1730	75	1	see	see	VERB
cblr-1730	75	2	also	also	ADV
cblr-1730	75	3	edwards	edwards	PROPN
cblr-1730	75	4	,	,	PUNCT
cblr-1730	75	5	supra	supra	PROPN
cblr-1730	75	6	note	note	NOUN
cblr-1730	75	7	2	2	NUM
cblr-1730	75	8	,	,	PUNCT
cblr-1730	75	9	at	at	ADP
cblr-1730	75	10	112	112	NUM
cblr-1730	75	11	.	.	PUNCT
cblr-1730	76	1	19	19	NUM
cblr-1730	76	2	thomas	thomas	PROPN
cblr-1730	76	3	v.	v.	PROPN
cblr-1730	76	4	metro	metro	PROPN
cblr-1730	76	5	.	.	PUNCT
cblr-1730	77	1	life	life	NOUN
cblr-1730	77	2	ins	ins	PROPN
cblr-1730	77	3	.	.	PUNCT
cblr-1730	77	4	co.	co.	PROPN
cblr-1730	77	5	,	,	PUNCT
cblr-1730	77	6	631	631	NUM
cblr-1730	77	7	f.3d	f.3d	NUM
cblr-1730	77	8	at	at	ADP
cblr-1730	77	9	1162	1162	NUM
cblr-1730	77	10	.	.	PUNCT
cblr-1730	78	1	20	20	NUM
cblr-1730	79	1	i	i	PRON
cblr-1730	79	2	d.	d.	PROPN
cblr-1730	79	3	at	at	ADP
cblr-1730	79	4	1165	1165	NUM
cblr-1730	79	5	.	.	PUNCT
cblr-1730	80	1	21	21	NUM
cblr-1730	80	2	i	i	PROPN
cblr-1730	80	3	d.	d.	PROPN
cblr-1730	80	4	22	22	NUM
cblr-1730	80	5	securities	securities	PROPN
cblr-1730	80	6	exchange	exchange	PROPN
cblr-1730	80	7	act	act	NOUN
cblr-1730	80	8	of	of	ADP
cblr-1730	80	9	1934	1934	NUM
cblr-1730	80	10	,	,	PUNCT
cblr-1730	80	11	15	15	NUM
cblr-1730	80	12	u.s.c	u.s.c	NOUN
cblr-1730	80	13	.	.	PUNCT
cblr-1730	81	1	§	§	PROPN
cblr-1730	81	2	78o	78o	PROPN
cblr-1730	81	3	(	(	PUNCT
cblr-1730	81	4	2012	2012	NUM
cblr-1730	81	5	)	)	PUNCT
cblr-1730	81	6	.	.	PUNCT
cblr-1730	82	1	23	23	NUM
cblr-1730	82	2	edwards	edwards	PROPN
cblr-1730	82	3	,	,	PUNCT
cblr-1730	82	4	supra	supra	PROPN
cblr-1730	82	5	note	note	NOUN
cblr-1730	82	6	2	2	NUM
cblr-1730	82	7	,	,	PUNCT
cblr-1730	82	8	at	at	ADP
cblr-1730	82	9	110	110	NUM
cblr-1730	82	10	.	.	PUNCT
cblr-1730	82	11	24	24	NUM
cblr-1730	82	12	finra	finra	PROPN
cblr-1730	82	13	manual	manual	NOUN
cblr-1730	82	14	rule	rule	NOUN
cblr-1730	82	15	2111	2111	NUM
cblr-1730	82	16	,	,	PUNCT
cblr-1730	82	17	finra	finra	NOUN
cblr-1730	82	18	(	(	PUNCT
cblr-1730	82	19	may	may	PROPN
cblr-1730	82	20	1	1	NUM
cblr-1730	82	21	,	,	PUNCT
cblr-1730	82	22	2014	2014	NUM
cblr-1730	82	23	)	)	PUNCT
cblr-1730	83	1	[	[	X
cblr-1730	83	2	hereinafter	hereinafter	NOUN
cblr-1730	83	3	finra	finra	PROPN
cblr-1730	83	4	manual	manual	NOUN
cblr-1730	83	5	rule	rule	VERB
cblr-1730	83	6	2111	2111	NUM
cblr-1730	83	7	]	]	PUNCT
cblr-1730	83	8	,	,	PUNCT
cblr-1730	83	9	http://finra.complinet.com/en/display/display	http://finra.complinet.com/en/display/display	PRON
cblr-1730	83	10	_	_	NOUN
cblr-1730	84	1	viewall.html?rbid=2403&element_id=9859&print=1	viewall.html?rbid=2403&element_id=9859&print=1	ADV
cblr-1730	84	2	[	[	X
cblr-1730	84	3	perma.cc/jyg3s43	perma.cc/jyg3s43	X
cblr-1730	84	4	m	m	PRON
cblr-1730	84	5	]	]	X
cblr-1730	84	6	.	.	PUNCT
cblr-1730	85	1	25	25	NUM
cblr-1730	85	2	lazaro	lazaro	NOUN
cblr-1730	85	3	,	,	PUNCT
cblr-1730	85	4	supra	supra	PROPN
cblr-1730	85	5	note	note	NOUN
cblr-1730	85	6	17	17	NUM
cblr-1730	85	7	,	,	PUNCT
cblr-1730	85	8	at	at	ADP
cblr-1730	85	9	382	382	NUM
cblr-1730	85	10	.	.	PUNCT
cblr-1730	86	1	smith	smith	PROPN
cblr-1730	86	2	–	–	PUNCT
cblr-1730	86	3	final	final	ADJ
cblr-1730	86	4	1206	1206	NUM
cblr-1730	86	5	columbia	columbia	PROPN
cblr-1730	86	6	business	business	NOUN
cblr-1730	86	7	law	law	PROPN
cblr-1730	86	8	review	review	NOUN
cblr-1730	86	9	[	[	X
cblr-1730	86	10	vol	vol	NOUN
cblr-1730	86	11	.	.	NOUN
cblr-1730	86	12	2017	2017	NUM
cblr-1730	86	13	a	a	DET
cblr-1730	86	14	member	member	NOUN
cblr-1730	86	15	or	or	CCONJ
cblr-1730	86	16	an	an	DET
cblr-1730	86	17	associated	associated	ADJ
cblr-1730	86	18	person	person	NOUN
cblr-1730	86	19	must	must	AUX
cblr-1730	86	20	have	have	VERB
cblr-1730	86	21	a	a	DET
cblr-1730	86	22	reasonable	reasonable	ADJ
cblr-1730	86	23	basis	basis	NOUN
cblr-1730	86	24	to	to	PART
cblr-1730	86	25	believe	believe	VERB
cblr-1730	86	26	that	that	SCONJ
cblr-1730	86	27	a	a	DET
cblr-1730	86	28	recommended	recommend	VERB
cblr-1730	86	29	transaction	transaction	NOUN
cblr-1730	86	30	or	or	CCONJ
cblr-1730	86	31	investment	investment	NOUN
cblr-1730	86	32	strategy	strategy	NOUN
cblr-1730	86	33	involving	involve	VERB
cblr-1730	86	34	a	a	DET
cblr-1730	86	35	security	security	NOUN
cblr-1730	86	36	or	or	CCONJ
cblr-1730	86	37	securities	security	NOUN
cblr-1730	86	38	is	be	AUX
cblr-1730	86	39	suitable	suitable	ADJ
cblr-1730	86	40	for	for	ADP
cblr-1730	86	41	the	the	DET
cblr-1730	86	42	customer	customer	NOUN
cblr-1730	86	43	,	,	PUNCT
cblr-1730	86	44	based	base	VERB
cblr-1730	86	45	on	on	ADP
cblr-1730	86	46	the	the	DET
cblr-1730	86	47	information	information	NOUN
cblr-1730	86	48	obtained	obtain	VERB
cblr-1730	86	49	through	through	ADP
cblr-1730	86	50	the	the	DET
cblr-1730	86	51	reasonable	reasonable	ADJ
cblr-1730	86	52	diligence	diligence	NOUN
cblr-1730	86	53	of	of	ADP
cblr-1730	86	54	the	the	DET
cblr-1730	86	55	member	member	NOUN
cblr-1730	86	56	or	or	CCONJ
cblr-1730	86	57	associated	associated	ADJ
cblr-1730	86	58	person	person	NOUN
cblr-1730	86	59	to	to	PART
cblr-1730	86	60	ascertain	ascertain	VERB
cblr-1730	86	61	the	the	DET
cblr-1730	86	62	customer	customer	NOUN
cblr-1730	86	63	’s	’s	PART
cblr-1730	86	64	investment	investment	NOUN
cblr-1730	86	65	profile	profile	NOUN
cblr-1730	86	66	.	.	PUNCT
cblr-1730	87	1	a	a	DET
cblr-1730	87	2	customer	customer	NOUN
cblr-1730	87	3	’s	’s	PART
cblr-1730	87	4	investment	investment	NOUN
cblr-1730	87	5	profile	profile	NOUN
cblr-1730	87	6	includes	include	VERB
cblr-1730	87	7	,	,	PUNCT
cblr-1730	87	8	but	but	CCONJ
cblr-1730	87	9	is	be	AUX
cblr-1730	87	10	not	not	PART
cblr-1730	87	11	limited	limit	VERB
cblr-1730	87	12	to	to	ADP
cblr-1730	87	13	,	,	PUNCT
cblr-1730	87	14	the	the	DET
cblr-1730	87	15	customer	customer	NOUN
cblr-1730	87	16	’s	’s	PART
cblr-1730	87	17	age	age	NOUN
cblr-1730	87	18	,	,	PUNCT
cblr-1730	87	19	other	other	ADJ
cblr-1730	87	20	investments	investment	NOUN
cblr-1730	87	21	,	,	PUNCT
cblr-1730	87	22	financial	financial	ADJ
cblr-1730	87	23	situation	situation	NOUN
cblr-1730	87	24	and	and	CCONJ
cblr-1730	87	25	needs	need	NOUN
cblr-1730	87	26	,	,	PUNCT
cblr-1730	87	27	tax	tax	NOUN
cblr-1730	87	28	status	status	NOUN
cblr-1730	87	29	,	,	PUNCT
cblr-1730	87	30	investment	investment	NOUN
cblr-1730	87	31	objectives	objective	NOUN
cblr-1730	87	32	,	,	PUNCT
cblr-1730	87	33	investment	investment	NOUN
cblr-1730	87	34	experience	experience	NOUN
cblr-1730	87	35	,	,	PUNCT
cblr-1730	87	36	investment	investment	NOUN
cblr-1730	87	37	time	time	NOUN
cblr-1730	87	38	horizon	horizon	NOUN
cblr-1730	87	39	,	,	PUNCT
cblr-1730	87	40	liquidity	liquidity	NOUN
cblr-1730	87	41	needs	need	NOUN
cblr-1730	87	42	,	,	PUNCT
cblr-1730	87	43	risk	risk	NOUN
cblr-1730	87	44	tolerance	tolerance	NOUN
cblr-1730	87	45	,	,	PUNCT
cblr-1730	87	46	and	and	CCONJ
cblr-1730	87	47	any	any	DET
cblr-1730	87	48	other	other	ADJ
cblr-1730	87	49	information	information	NOUN
cblr-1730	87	50	the	the	DET
cblr-1730	87	51	customer	customer	NOUN
cblr-1730	87	52	may	may	AUX
cblr-1730	87	53	disclose	disclose	VERB
cblr-1730	87	54	to	to	ADP
cblr-1730	87	55	the	the	DET
cblr-1730	87	56	member	member	NOUN
cblr-1730	87	57	or	or	CCONJ
cblr-1730	87	58	associated	associated	ADJ
cblr-1730	87	59	person	person	NOUN
cblr-1730	87	60	in	in	ADP
cblr-1730	87	61	connection	connection	NOUN
cblr-1730	87	62	with	with	ADP
cblr-1730	87	63	such	such	ADJ
cblr-1730	87	64	recommendation.26	recommendation.26	NOUN
cblr-1730	87	65	crucially	crucially	ADV
cblr-1730	87	66	,	,	PUNCT
cblr-1730	87	67	the	the	DET
cblr-1730	87	68	suitability	suitability	NOUN
cblr-1730	87	69	rule	rule	NOUN
cblr-1730	87	70	does	do	AUX
cblr-1730	87	71	not	not	PART
cblr-1730	87	72	expressly	expressly	ADV
cblr-1730	87	73	require	require	VERB
cblr-1730	87	74	a	a	DET
cblr-1730	87	75	broker	broker	NOUN
cblr-1730	87	76	’s	’s	PART
cblr-1730	87	77	advice	advice	NOUN
cblr-1730	87	78	to	to	PART
cblr-1730	87	79	be	be	AUX
cblr-1730	87	80	in	in	ADP
cblr-1730	87	81	the	the	DET
cblr-1730	87	82	best	good	ADJ
cblr-1730	87	83	interests	interest	NOUN
cblr-1730	87	84	of	of	ADP
cblr-1730	87	85	his	his	PRON
cblr-1730	87	86	or	or	CCONJ
cblr-1730	87	87	her	her	PRON
cblr-1730	87	88	client.27	client.27	PROPN
cblr-1730	87	89	however	however	ADV
cblr-1730	87	90	,	,	PUNCT
cblr-1730	87	91	cases	case	NOUN
cblr-1730	87	92	have	have	AUX
cblr-1730	87	93	consistently	consistently	ADV
cblr-1730	87	94	held	hold	VERB
cblr-1730	87	95	that	that	SCONJ
cblr-1730	87	96	when	when	SCONJ
cblr-1730	87	97	interpreting	interpret	VERB
cblr-1730	87	98	the	the	DET
cblr-1730	87	99	suitability	suitability	NOUN
cblr-1730	87	100	rule	rule	NOUN
cblr-1730	87	101	,	,	PUNCT
cblr-1730	87	102	“	"	PUNCT
cblr-1730	87	103	a	a	DET
cblr-1730	87	104	broker	broker	NOUN
cblr-1730	87	105	’s	’s	PART
cblr-1730	87	106	recommendations	recommendation	NOUN
cblr-1730	87	107	must	must	AUX
cblr-1730	87	108	be	be	AUX
cblr-1730	87	109	consistent	consistent	ADJ
cblr-1730	87	110	with	with	ADP
cblr-1730	87	111	his	his	PRON
cblr-1730	87	112	customer	customer	NOUN
cblr-1730	87	113	’s	’s	PART
cblr-1730	87	114	best	good	ADJ
cblr-1730	87	115	interests	interest	NOUN
cblr-1730	87	116	.	.	PUNCT
cblr-1730	88	1	”28	”28	NOUN
cblr-1730	88	2	hence	hence	ADV
cblr-1730	88	3	,	,	PUNCT
cblr-1730	88	4	what	what	PRON
cblr-1730	88	5	seemed	seem	VERB
cblr-1730	88	6	like	like	ADP
cblr-1730	88	7	a	a	DET
cblr-1730	88	8	clear	clear	ADJ
cblr-1730	88	9	statutory	statutory	ADJ
cblr-1730	88	10	distinction	distinction	NOUN
cblr-1730	88	11	between	between	ADP
cblr-1730	88	12	the	the	DET
cblr-1730	88	13	obligations	obligation	NOUN
cblr-1730	88	14	of	of	ADP
cblr-1730	88	15	advisers	adviser	NOUN
cblr-1730	88	16	and	and	CCONJ
cblr-1730	88	17	brokers	broker	NOUN
cblr-1730	88	18	has	have	AUX
cblr-1730	88	19	been	be	AUX
cblr-1730	88	20	blurred	blur	VERB
cblr-1730	88	21	by	by	ADP
cblr-1730	88	22	administrative	administrative	ADJ
cblr-1730	88	23	and	and	CCONJ
cblr-1730	88	24	judicial	judicial	ADJ
cblr-1730	88	25	intervention	intervention	NOUN
cblr-1730	88	26	.	.	PUNCT
cblr-1730	89	1	in	in	ADP
cblr-1730	89	2	addition	addition	NOUN
cblr-1730	89	3	to	to	ADP
cblr-1730	89	4	possible	possible	ADJ
cblr-1730	89	5	fiduciary	fiduciary	ADJ
cblr-1730	89	6	duty	duty	NOUN
cblr-1730	89	7	liability	liability	NOUN
cblr-1730	89	8	under	under	ADP
cblr-1730	89	9	the	the	DET
cblr-1730	89	10	iaa	iaa	NOUN
cblr-1730	89	11	and	and	CCONJ
cblr-1730	89	12	the	the	DET
cblr-1730	89	13	fiduciary	fiduciary	ADJ
cblr-1730	89	14	-	-	PUNCT
cblr-1730	89	15	esque	esque	ADJ
cblr-1730	89	16	suitability	suitability	NOUN
cblr-1730	89	17	rule	rule	NOUN
cblr-1730	89	18	,	,	PUNCT
cblr-1730	89	19	brokers	broker	NOUN
cblr-1730	89	20	can	can	AUX
cblr-1730	89	21	be	be	AUX
cblr-1730	89	22	made	make	VERB
cblr-1730	89	23	fiduciaries	fiduciary	NOUN
cblr-1730	89	24	on	on	ADP
cblr-1730	89	25	a	a	DET
cblr-1730	89	26	state	state	NOUN
cblr-1730	89	27	-	-	PUNCT
cblr-1730	89	28	by	by	ADP
cblr-1730	89	29	-	-	PUNCT
cblr-1730	89	30	state	state	NOUN
cblr-1730	89	31	basis	basis	NOUN
cblr-1730	89	32	.	.	PUNCT
cblr-1730	90	1	california	california	PROPN
cblr-1730	90	2	,	,	PUNCT
cblr-1730	90	3	for	for	ADP
cblr-1730	90	4	example	example	NOUN
cblr-1730	90	5	,	,	PUNCT
cblr-1730	90	6	has	have	AUX
cblr-1730	90	7	generally	generally	ADV
cblr-1730	90	8	imposed	impose	VERB
cblr-1730	90	9	fiduciary	fiduciary	ADJ
cblr-1730	90	10	duties	duty	NOUN
cblr-1730	90	11	on	on	ADP
cblr-1730	90	12	brokers.29	brokers.29	NOUN
cblr-1730	90	13	moreover	moreover	ADV
cblr-1730	90	14	,	,	PUNCT
cblr-1730	90	15	courts	court	NOUN
cblr-1730	90	16	have	have	AUX
cblr-1730	90	17	also	also	ADV
cblr-1730	90	18	imposed	impose	VERB
cblr-1730	90	19	fiduciary	fiduciary	ADJ
cblr-1730	90	20	duties	duty	NOUN
cblr-1730	90	21	on	on	ADP
cblr-1730	90	22	brokers	broker	NOUN
cblr-1730	90	23	who	who	PRON
cblr-1730	90	24	exercise	exercise	VERB
cblr-1730	90	25	discretionary	discretionary	ADJ
cblr-1730	90	26	control	control	NOUN
cblr-1730	90	27	over	over	ADP
cblr-1730	90	28	their	their	PRON
cblr-1730	90	29	customers	customer	NOUN
cblr-1730	90	30	’	’	PART
cblr-1730	90	31	26	26	NUM
cblr-1730	90	32	finra	finra	PROPN
cblr-1730	90	33	manual	manual	NOUN
cblr-1730	90	34	rule	rule	NOUN
cblr-1730	90	35	2111	2111	NUM
cblr-1730	90	36	,	,	PUNCT
cblr-1730	90	37	supra	supra	PROPN
cblr-1730	90	38	note	note	NOUN
cblr-1730	90	39	24	24	NUM
cblr-1730	90	40	.	.	SYM
cblr-1730	90	41	27	27	NUM
cblr-1730	90	42	see	see	VERB
cblr-1730	90	43	edwards	edwards	PROPN
cblr-1730	90	44	,	,	PUNCT
cblr-1730	90	45	supra	supra	PROPN
cblr-1730	90	46	note	note	NOUN
cblr-1730	90	47	2	2	NUM
cblr-1730	90	48	,	,	PUNCT
cblr-1730	90	49	at	at	ADP
cblr-1730	90	50	111	111	NUM
cblr-1730	90	51	.	.	PUNCT
cblr-1730	91	1	28	28	NUM
cblr-1730	91	2	faber	faber	NOUN
cblr-1730	91	3	,	,	PUNCT
cblr-1730	91	4	exchange	exchange	NOUN
cblr-1730	91	5	act	act	NOUN
cblr-1730	91	6	release	release	VERB
cblr-1730	91	7	no	no	NOUN
cblr-1730	91	8	.	.	NOUN
cblr-1730	91	9	34	34	NUM
cblr-1730	91	10	-	-	SYM
cblr-1730	91	11	49216	49216	NUM
cblr-1730	91	12	,	,	PUNCT
cblr-1730	91	13	82	82	NUM
cblr-1730	91	14	sec	sec	PROPN
cblr-1730	91	15	docket	docket	NOUN
cblr-1730	91	16	453	453	NUM
cblr-1730	91	17	,	,	PUNCT
cblr-1730	91	18	458	458	NUM
cblr-1730	91	19	(	(	PUNCT
cblr-1730	91	20	feb	feb	PROPN
cblr-1730	91	21	.	.	PROPN
cblr-1730	91	22	10	10	NUM
cblr-1730	91	23	,	,	PUNCT
cblr-1730	91	24	2004	2004	NUM
cblr-1730	91	25	)	)	PUNCT
cblr-1730	91	26	.	.	PUNCT
cblr-1730	92	1	see	see	VERB
cblr-1730	92	2	also	also	ADV
cblr-1730	92	3	belden	belden	PROPN
cblr-1730	92	4	,	,	PUNCT
cblr-1730	92	5	exchange	exchange	NOUN
cblr-1730	92	6	act	act	NOUN
cblr-1730	92	7	release	release	VERB
cblr-1730	92	8	no	no	NOUN
cblr-1730	92	9	.	.	NOUN
cblr-1730	92	10	34	34	NUM
cblr-1730	92	11	-	-	SYM
cblr-1730	92	12	47859	47859	NUM
cblr-1730	92	13	,	,	PUNCT
cblr-1730	92	14	80	80	NUM
cblr-1730	92	15	sec	sec	PROPN
cblr-1730	92	16	docket	docket	NOUN
cblr-1730	92	17	563	563	NUM
cblr-1730	92	18	,	,	PUNCT
cblr-1730	92	19	565	565	NUM
cblr-1730	92	20	(	(	PUNCT
cblr-1730	92	21	may	may	PROPN
cblr-1730	92	22	14	14	NUM
cblr-1730	92	23	,	,	PUNCT
cblr-1730	92	24	2003	2003	NUM
cblr-1730	92	25	)	)	PUNCT
cblr-1730	92	26	;	;	PUNCT
cblr-1730	92	27	howard	howard	PROPN
cblr-1730	92	28	,	,	PUNCT
cblr-1730	92	29	exchange	exchange	NOUN
cblr-1730	92	30	act	act	PROPN
cblr-1730	92	31	release	release	VERB
cblr-1730	92	32	no	no	NOUN
cblr-1730	92	33	.	.	NOUN
cblr-1730	92	34	34	34	NUM
cblr-1730	92	35	-	-	SYM
cblr-1730	92	36	46269	46269	NUM
cblr-1730	92	37	,	,	PUNCT
cblr-1730	92	38	78	78	NUM
cblr-1730	92	39	sec	sec	PROPN
cblr-1730	92	40	docket	docket	NOUN
cblr-1730	92	41	338	338	NUM
cblr-1730	92	42	,	,	PUNCT
cblr-1730	92	43	339	339	NUM
cblr-1730	92	44	(	(	PUNCT
cblr-1730	92	45	july	july	PROPN
cblr-1730	92	46	26	26	NUM
cblr-1730	92	47	,	,	PUNCT
cblr-1730	92	48	2002	2002	NUM
cblr-1730	92	49	)	)	PUNCT
cblr-1730	92	50	,	,	PUNCT
cblr-1730	92	51	aff’d	aff’d	VERB
cblr-1730	92	52	,	,	PUNCT
cblr-1730	92	53	77	77	NUM
cblr-1730	92	54	fed	fed	PROPN
cblr-1730	92	55	.	.	PUNCT
cblr-1730	93	1	appx	appx	PROPN
cblr-1730	93	2	.	.	PROPN
cblr-1730	93	3	2	2	NUM
cblr-1730	93	4	(	(	PUNCT
cblr-1730	93	5	1st	1st	ADJ
cblr-1730	93	6	cir	cir	NOUN
cblr-1730	93	7	.	.	PROPN
cblr-1730	93	8	2003	2003	NUM
cblr-1730	93	9	)	)	PUNCT
cblr-1730	93	10	;	;	PUNCT
cblr-1730	93	11	epstein	epstein	PROPN
cblr-1730	93	12	,	,	PUNCT
cblr-1730	93	13	exchange	exchange	NOUN
cblr-1730	93	14	act	act	PROPN
cblr-1730	93	15	release	release	VERB
cblr-1730	93	16	no	no	NOUN
cblr-1730	93	17	.	.	NOUN
cblr-1730	93	18	34	34	NUM
cblr-1730	93	19	-	-	SYM
cblr-1730	93	20	59328	59328	NUM
cblr-1730	93	21	,	,	PUNCT
cblr-1730	93	22	95	95	NUM
cblr-1730	93	23	sec	sec	PROPN
cblr-1730	93	24	docket	docket	NOUN
cblr-1730	93	25	285	285	NUM
cblr-1730	93	26	,	,	PUNCT
cblr-1730	93	27	294	294	NUM
cblr-1730	93	28	(	(	PUNCT
cblr-1730	93	29	jan	jan	PROPN
cblr-1730	93	30	.	.	PROPN
cblr-1730	93	31	30	30	NUM
cblr-1730	93	32	,	,	PUNCT
cblr-1730	93	33	2009	2009	NUM
cblr-1730	93	34	)	)	PUNCT
cblr-1730	93	35	.	.	PUNCT
cblr-1730	94	1	29	29	NUM
cblr-1730	94	2	see	see	VERB
cblr-1730	94	3	twomey	twomey	NOUN
cblr-1730	94	4	v.	v.	ADP
cblr-1730	94	5	mitchum	mitchum	PROPN
cblr-1730	94	6	,	,	PUNCT
cblr-1730	94	7	jones	jones	PROPN
cblr-1730	94	8	&	&	CCONJ
cblr-1730	94	9	templeton	templeton	PROPN
cblr-1730	94	10	,	,	PUNCT
cblr-1730	94	11	inc	inc	PROPN
cblr-1730	94	12	.	.	PROPN
cblr-1730	94	13	,	,	PUNCT
cblr-1730	94	14	69	69	NUM
cblr-1730	94	15	cal	cal	NOUN
cblr-1730	94	16	.	.	PUNCT
cblr-1730	95	1	rptr	rptr	PROPN
cblr-1730	95	2	.	.	PUNCT
cblr-1730	96	1	222	222	NUM
cblr-1730	96	2	,	,	PUNCT
cblr-1730	96	3	235–36	235–36	NUM
cblr-1730	96	4	(	(	PUNCT
cblr-1730	96	5	ct	ct	PROPN
cblr-1730	96	6	.	.	PUNCT
cblr-1730	97	1	app	app	PROPN
cblr-1730	97	2	.	.	PROPN
cblr-1730	97	3	1968	1968	NUM
cblr-1730	97	4	)	)	PUNCT
cblr-1730	97	5	;	;	PUNCT
cblr-1730	97	6	hobbs	hobbs	PROPN
cblr-1730	97	7	v.	v.	PROPN
cblr-1730	97	8	bateman	bateman	PROPN
cblr-1730	97	9	eichler	eichler	PROPN
cblr-1730	97	10	,	,	PUNCT
cblr-1730	97	11	hill	hill	PROPN
cblr-1730	97	12	richards	richards	PROPN
cblr-1730	97	13	,	,	PUNCT
cblr-1730	97	14	inc	inc	PROPN
cblr-1730	97	15	.	.	PROPN
cblr-1730	97	16	,	,	PUNCT
cblr-1730	97	17	210	210	NUM
cblr-1730	97	18	cal	cal	NOUN
cblr-1730	97	19	.	.	PUNCT
cblr-1730	98	1	rptr	rptr	PROPN
cblr-1730	98	2	.	.	PUNCT
cblr-1730	99	1	387	387	NUM
cblr-1730	99	2	,	,	PUNCT
cblr-1730	99	3	403	403	NUM
cblr-1730	99	4	(	(	PUNCT
cblr-1730	99	5	ct	ct	PROPN
cblr-1730	99	6	.	.	PUNCT
cblr-1730	99	7	app	app	PROPN
cblr-1730	99	8	.	.	PROPN
cblr-1730	99	9	1985	1985	NUM
cblr-1730	99	10	)	)	PUNCT
cblr-1730	99	11	.	.	PUNCT
cblr-1730	100	1	smith	smith	PROPN
cblr-1730	100	2	–	–	PUNCT
cblr-1730	100	3	final	final	ADJ
cblr-1730	100	4	no	no	NOUN
cblr-1730	100	5	.	.	PUNCT
cblr-1730	101	1	3:1200	3:1200	NUM
cblr-1730	101	2	]	]	X
cblr-1730	101	3	a	a	DET
cblr-1730	101	4	uniform	uniform	ADJ
cblr-1730	101	5	fiduciary	fiduciary	ADJ
cblr-1730	101	6	duty	duty	NOUN
cblr-1730	101	7	1207	1207	NUM
cblr-1730	101	8	accounts.30	accounts.30	NOUN
cblr-1730	101	9	courts	court	NOUN
cblr-1730	101	10	have	have	AUX
cblr-1730	101	11	been	be	AUX
cblr-1730	101	12	willing	willing	ADJ
cblr-1730	101	13	to	to	PART
cblr-1730	101	14	make	make	VERB
cblr-1730	101	15	such	such	DET
cblr-1730	101	16	an	an	DET
cblr-1730	101	17	extension	extension	NOUN
cblr-1730	101	18	of	of	ADP
cblr-1730	101	19	fiduciary	fiduciary	ADJ
cblr-1730	101	20	duties	duty	NOUN
cblr-1730	101	21	because	because	SCONJ
cblr-1730	101	22	customers	customer	NOUN
cblr-1730	101	23	who	who	PRON
cblr-1730	101	24	voluntarily	voluntarily	ADV
cblr-1730	101	25	transfer	transfer	VERB
cblr-1730	101	26	discretionary	discretionary	ADJ
cblr-1730	101	27	authority	authority	NOUN
cblr-1730	101	28	to	to	PART
cblr-1730	101	29	buy	buy	VERB
cblr-1730	101	30	and	and	CCONJ
cblr-1730	101	31	sell	sell	VERB
cblr-1730	101	32	securities	security	NOUN
cblr-1730	101	33	without	without	ADP
cblr-1730	101	34	first	first	ADV
cblr-1730	101	35	obtaining	obtain	VERB
cblr-1730	101	36	their	their	PRON
cblr-1730	101	37	consent	consent	NOUN
cblr-1730	101	38	plainly	plainly	ADV
cblr-1730	101	39	establish	establish	VERB
cblr-1730	101	40	the	the	DET
cblr-1730	101	41	same	same	ADJ
cblr-1730	101	42	trust	trust	NOUN
cblr-1730	101	43	-	-	PUNCT
cblr-1730	101	44	based	base	VERB
cblr-1730	101	45	relationship	relationship	NOUN
cblr-1730	101	46	that	that	PRON
cblr-1730	101	47	is	be	AUX
cblr-1730	101	48	the	the	DET
cblr-1730	101	49	foundation	foundation	NOUN
cblr-1730	101	50	of	of	ADP
cblr-1730	101	51	other	other	ADJ
cblr-1730	101	52	similar	similar	ADJ
cblr-1730	101	53	fiduciary	fiduciary	ADJ
cblr-1730	101	54	obligations.31	obligations.31	NOUN
cblr-1730	101	55	some	some	DET
cblr-1730	101	56	state	state	NOUN
cblr-1730	101	57	courts	court	NOUN
cblr-1730	101	58	have	have	AUX
cblr-1730	101	59	gone	go	VERB
cblr-1730	101	60	even	even	ADV
cblr-1730	101	61	further	far	ADV
cblr-1730	101	62	,	,	PUNCT
cblr-1730	101	63	holding	hold	VERB
cblr-1730	101	64	that	that	SCONJ
cblr-1730	101	65	brokers	broker	NOUN
cblr-1730	101	66	owe	owe	VERB
cblr-1730	101	67	fiduciary	fiduciary	ADJ
cblr-1730	101	68	duties	duty	NOUN
cblr-1730	101	69	to	to	ADP
cblr-1730	101	70	customers	customer	NOUN
cblr-1730	101	71	whose	whose	DET
cblr-1730	101	72	accounts	account	NOUN
cblr-1730	101	73	they	they	PRON
cblr-1730	101	74	enjoy	enjoy	VERB
cblr-1730	101	75	de	de	X
cblr-1730	101	76	facto	facto	X
cblr-1730	101	77	control	control	NOUN
cblr-1730	101	78	over	over	ADP
cblr-1730	101	79	.	.	PUNCT
cblr-1730	102	1	these	these	DET
cblr-1730	102	2	courts	court	NOUN
cblr-1730	102	3	,	,	PUNCT
cblr-1730	102	4	such	such	ADJ
cblr-1730	102	5	as	as	ADP
cblr-1730	102	6	that	that	PRON
cblr-1730	102	7	in	in	ADP
cblr-1730	102	8	leib	leib	PROPN
cblr-1730	102	9	v.	v.	PROPN
cblr-1730	102	10	merrill	merrill	PROPN
cblr-1730	102	11	lynch	lynch	PROPN
cblr-1730	102	12	,	,	PUNCT
cblr-1730	102	13	examine	examine	VERB
cblr-1730	102	14	a	a	DET
cblr-1730	102	15	multitude	multitude	NOUN
cblr-1730	102	16	of	of	ADP
cblr-1730	102	17	factors	factor	NOUN
cblr-1730	102	18	specifically	specifically	ADV
cblr-1730	102	19	including	include	VERB
cblr-1730	102	20	age	age	NOUN
cblr-1730	102	21	,	,	PUNCT
cblr-1730	102	22	education	education	NOUN
cblr-1730	102	23	,	,	PUNCT
cblr-1730	102	24	intelligence	intelligence	NOUN
cblr-1730	102	25	,	,	PUNCT
cblr-1730	102	26	investment	investment	NOUN
cblr-1730	102	27	experience	experience	NOUN
cblr-1730	102	28	of	of	ADP
cblr-1730	102	29	the	the	DET
cblr-1730	102	30	customer	customer	NOUN
cblr-1730	102	31	,	,	PUNCT
cblr-1730	102	32	whether	whether	SCONJ
cblr-1730	102	33	the	the	DET
cblr-1730	102	34	broker	broker	NOUN
cblr-1730	102	35	is	be	AUX
cblr-1730	102	36	socially	socially	ADV
cblr-1730	102	37	or	or	CCONJ
cblr-1730	102	38	personally	personally	ADV
cblr-1730	102	39	involved	involve	VERB
cblr-1730	102	40	with	with	ADP
cblr-1730	102	41	the	the	DET
cblr-1730	102	42	customer	customer	NOUN
cblr-1730	102	43	,	,	PUNCT
cblr-1730	102	44	whether	whether	SCONJ
cblr-1730	102	45	the	the	DET
cblr-1730	102	46	customer	customer	NOUN
cblr-1730	102	47	approved	approve	VERB
cblr-1730	102	48	of	of	ADP
cblr-1730	102	49	the	the	DET
cblr-1730	102	50	transactions	transaction	NOUN
cblr-1730	102	51	,	,	PUNCT
cblr-1730	102	52	and	and	CCONJ
cblr-1730	102	53	how	how	SCONJ
cblr-1730	102	54	frequently	frequently	ADV
cblr-1730	102	55	the	the	DET
cblr-1730	102	56	broker	broker	NOUN
cblr-1730	102	57	and	and	CCONJ
cblr-1730	102	58	customer	customer	NOUN
cblr-1730	102	59	communicate	communicate	VERB
cblr-1730	102	60	about	about	ADP
cblr-1730	102	61	the	the	DET
cblr-1730	102	62	account	account	NOUN
cblr-1730	102	63	in	in	ADP
cblr-1730	102	64	order	order	NOUN
cblr-1730	102	65	to	to	PART
cblr-1730	102	66	determine	determine	VERB
cblr-1730	102	67	de	de	X
cblr-1730	102	68	facto	facto	X
cblr-1730	102	69	control.32	control.32	NOUN
cblr-1730	102	70	essentially	essentially	ADV
cblr-1730	102	71	,	,	PUNCT
cblr-1730	102	72	courts	court	NOUN
cblr-1730	102	73	look	look	VERB
cblr-1730	102	74	for	for	ADP
cblr-1730	102	75	conditions	condition	NOUN
cblr-1730	102	76	that	that	PRON
cblr-1730	102	77	create	create	VERB
cblr-1730	102	78	the	the	DET
cblr-1730	102	79	same	same	ADJ
cblr-1730	102	80	type	type	NOUN
cblr-1730	102	81	of	of	ADP
cblr-1730	102	82	trust	trust	NOUN
cblr-1730	102	83	-	-	PUNCT
cblr-1730	102	84	based	base	VERB
cblr-1730	102	85	relationship	relationship	NOUN
cblr-1730	102	86	that	that	PRON
cblr-1730	102	87	exists	exist	VERB
cblr-1730	102	88	in	in	ADP
cblr-1730	102	89	other	other	ADJ
cblr-1730	102	90	instances	instance	NOUN
cblr-1730	102	91	of	of	ADP
cblr-1730	102	92	fiduciary	fiduciary	ADJ
cblr-1730	102	93	duty	duty	NOUN
cblr-1730	102	94	.	.	PUNCT
cblr-1730	103	1	examining	examine	VERB
cblr-1730	103	2	each	each	DET
cblr-1730	103	3	factor	factor	NOUN
cblr-1730	103	4	,	,	PUNCT
cblr-1730	103	5	courts	court	NOUN
cblr-1730	103	6	are	be	AUX
cblr-1730	103	7	more	more	ADV
cblr-1730	103	8	likely	likely	ADJ
cblr-1730	103	9	to	to	PART
cblr-1730	103	10	find	find	VERB
cblr-1730	103	11	that	that	SCONJ
cblr-1730	103	12	a	a	DET
cblr-1730	103	13	broker	broker	NOUN
cblr-1730	103	14	assumed	assume	VERB
cblr-1730	103	15	control	control	NOUN
cblr-1730	103	16	over	over	ADP
cblr-1730	103	17	an	an	DET
cblr-1730	103	18	investor	investor	NOUN
cblr-1730	103	19	’s	’s	PART
cblr-1730	103	20	account	account	NOUN
cblr-1730	103	21	for	for	ADP
cblr-1730	103	22	investors	investor	NOUN
cblr-1730	103	23	who	who	PRON
cblr-1730	103	24	are	be	AUX
cblr-1730	103	25	particularly	particularly	ADV
cblr-1730	103	26	young33	young33	NOUN
cblr-1730	103	27	or	or	CCONJ
cblr-1730	103	28	old,34	old,34	X
cblr-1730	103	29	less	less	ADV
cblr-1730	103	30	intelligent	intelligent	ADJ
cblr-1730	103	31	,	,	PUNCT
cblr-1730	103	32	uneducated	uneducated	ADJ
cblr-1730	103	33	,	,	PUNCT
cblr-1730	103	34	or	or	CCONJ
cblr-1730	103	35	inexperienced	inexperienced	ADJ
cblr-1730	103	36	with	with	ADP
cblr-1730	103	37	regard	regard	NOUN
cblr-1730	103	38	to	to	ADP
cblr-1730	103	39	financial	financial	ADJ
cblr-1730	103	40	matters.35	matters.35	NOUN
cblr-1730	103	41	courts	court	NOUN
cblr-1730	103	42	are	be	AUX
cblr-1730	103	43	also	also	ADV
cblr-1730	103	44	more	more	ADV
cblr-1730	103	45	likely	likely	ADJ
cblr-1730	103	46	to	to	PART
cblr-1730	103	47	find	find	VERB
cblr-1730	103	48	de	de	X
cblr-1730	103	49	facto	facto	X
cblr-1730	103	50	control	control	NOUN
cblr-1730	103	51	where	where	SCONJ
cblr-1730	103	52	the	the	DET
cblr-1730	103	53	broker	broker	NOUN
cblr-1730	103	54	is	be	AUX
cblr-1730	103	55	socially	socially	ADV
cblr-1730	103	56	or	or	CCONJ
cblr-1730	103	57	personally	personally	ADV
cblr-1730	103	58	involved	involve	VERB
cblr-1730	103	59	with	with	ADP
cblr-1730	103	60	the	the	DET
cblr-1730	103	61	investor,36	investor,36	NOUN
cblr-1730	103	62	and	and	CCONJ
cblr-1730	103	63	where	where	SCONJ
cblr-1730	103	64	30	30	NUM
cblr-1730	103	65	united	united	PROPN
cblr-1730	103	66	states	states	PROPN
cblr-1730	103	67	v.	v.	ADP
cblr-1730	103	68	skelly	skelly	PROPN
cblr-1730	103	69	,	,	PUNCT
cblr-1730	103	70	442	442	NUM
cblr-1730	103	71	f.3d	f.3d	NUM
cblr-1730	103	72	94	94	NUM
cblr-1730	103	73	,	,	PUNCT
cblr-1730	103	74	98	98	NUM
cblr-1730	103	75	(	(	PUNCT
cblr-1730	103	76	2d	2d	NUM
cblr-1730	103	77	cir	cir	NOUN
cblr-1730	103	78	.	.	PUNCT
cblr-1730	103	79	2006	2006	NUM
cblr-1730	103	80	)	)	PUNCT
cblr-1730	103	81	.	.	PUNCT
cblr-1730	104	1	see	see	AUX
cblr-1730	104	2	also	also	ADV
cblr-1730	104	3	united	united	PROPN
cblr-1730	104	4	states	states	PROPN
cblr-1730	104	5	v.	v.	PROPN
cblr-1730	104	6	szur	szur	PROPN
cblr-1730	104	7	,	,	PUNCT
cblr-1730	104	8	289	289	NUM
cblr-1730	104	9	f.3d	f.3d	NUM
cblr-1730	104	10	200	200	NUM
cblr-1730	104	11	,	,	PUNCT
cblr-1730	104	12	211	211	NUM
cblr-1730	104	13	(	(	PUNCT
cblr-1730	104	14	2d	2d	NUM
cblr-1730	104	15	cir	cir	NOUN
cblr-1730	104	16	.	.	PUNCT
cblr-1730	104	17	2002	2002	NUM
cblr-1730	104	18	)	)	PUNCT
cblr-1730	104	19	;	;	PUNCT
cblr-1730	104	20	sec	sec	PROPN
cblr-1730	104	21	v.	v.	PROPN
cblr-1730	104	22	zandford	zandford	PROPN
cblr-1730	104	23	,	,	PUNCT
cblr-1730	104	24	535	535	NUM
cblr-1730	104	25	u.s	u.s	PROPN
cblr-1730	104	26	.	.	PROPN
cblr-1730	104	27	813	813	NUM
cblr-1730	104	28	,	,	PUNCT
cblr-1730	104	29	823	823	NUM
cblr-1730	104	30	(	(	PUNCT
cblr-1730	104	31	2002	2002	NUM
cblr-1730	104	32	)	)	PUNCT
cblr-1730	104	33	;	;	PUNCT
cblr-1730	104	34	leib	leib	PROPN
cblr-1730	104	35	v.	v.	PROPN
cblr-1730	104	36	merrill	merrill	PROPN
cblr-1730	104	37	lynch	lynch	PROPN
cblr-1730	104	38	,	,	PUNCT
cblr-1730	104	39	pierce	pierce	PROPN
cblr-1730	104	40	,	,	PUNCT
cblr-1730	104	41	fenner	fenner	PROPN
cblr-1730	104	42	&	&	CCONJ
cblr-1730	104	43	smith	smith	PROPN
cblr-1730	104	44	,	,	PUNCT
cblr-1730	104	45	inc	inc	PROPN
cblr-1730	104	46	.	.	PROPN
cblr-1730	104	47	,	,	PUNCT
cblr-1730	104	48	461	461	NUM
cblr-1730	104	49	f.	f.	PROPN
cblr-1730	104	50	supp	supp	PROPN
cblr-1730	104	51	.	.	PUNCT
cblr-1730	105	1	951	951	NUM
cblr-1730	105	2	,	,	PUNCT
cblr-1730	105	3	953	953	NUM
cblr-1730	105	4	(	(	PUNCT
cblr-1730	105	5	e.d	e.d	PROPN
cblr-1730	105	6	.	.	PROPN
cblr-1730	105	7	mich	mich	PROPN
cblr-1730	105	8	.	.	PROPN
cblr-1730	105	9	1978	1978	NUM
cblr-1730	105	10	)	)	PUNCT
cblr-1730	105	11	,	,	PUNCT
cblr-1730	105	12	aff’d	aff’d	VERB
cblr-1730	105	13	,	,	PUNCT
cblr-1730	105	14	647	647	NUM
cblr-1730	105	15	f.2d	f.2d	NOUN
cblr-1730	105	16	165	165	NUM
cblr-1730	105	17	(	(	PUNCT
cblr-1730	105	18	6th	6th	ADJ
cblr-1730	105	19	cir	cir	NOUN
cblr-1730	105	20	.	.	PUNCT
cblr-1730	105	21	1981	1981	NUM
cblr-1730	105	22	)	)	PUNCT
cblr-1730	105	23	.	.	PUNCT
cblr-1730	106	1	31	31	NUM
cblr-1730	106	2	see	see	VERB
cblr-1730	106	3	edwards	edwards	PROPN
cblr-1730	106	4	,	,	PUNCT
cblr-1730	106	5	supra	supra	PROPN
cblr-1730	106	6	note	note	NOUN
cblr-1730	106	7	2	2	NUM
cblr-1730	106	8	,	,	PUNCT
cblr-1730	106	9	at	at	ADP
cblr-1730	106	10	115	115	NUM
cblr-1730	106	11	.	.	PUNCT
cblr-1730	107	1	32	32	NUM
cblr-1730	107	2	leib	leib	PROPN
cblr-1730	107	3	v.	v.	ADP
cblr-1730	107	4	merrill	merrill	PROPN
cblr-1730	107	5	lynch	lynch	PROPN
cblr-1730	107	6	,	,	PUNCT
cblr-1730	107	7	461	461	NUM
cblr-1730	107	8	f.	f.	PROPN
cblr-1730	107	9	supp	supp	PROPN
cblr-1730	107	10	.	.	PUNCT
cblr-1730	108	1	at	at	ADP
cblr-1730	108	2	954–55	954–55	NUM
cblr-1730	108	3	.	.	PUNCT
cblr-1730	109	1	33	33	NUM
cblr-1730	109	2	kravitz	kravitz	PROPN
cblr-1730	109	3	v.	v.	PROPN
cblr-1730	109	4	pressman	pressman	PROPN
cblr-1730	109	5	,	,	PUNCT
cblr-1730	109	6	frohlich	frohlich	PROPN
cblr-1730	109	7	&	&	CCONJ
cblr-1730	109	8	frost	frost	NOUN
cblr-1730	109	9	,	,	PUNCT
cblr-1730	109	10	447	447	NUM
cblr-1730	109	11	f.	f.	PROPN
cblr-1730	109	12	supp	supp	PROPN
cblr-1730	109	13	.	.	PUNCT
cblr-1730	109	14	203	203	NUM
cblr-1730	109	15	,	,	PUNCT
cblr-1730	109	16	206	206	NUM
cblr-1730	109	17	(	(	PUNCT
cblr-1730	109	18	d.	d.	PROPN
cblr-1730	109	19	mass	mass	PROPN
cblr-1730	109	20	.	.	PROPN
cblr-1730	109	21	1978	1978	NUM
cblr-1730	109	22	)	)	PUNCT
cblr-1730	109	23	;	;	PUNCT
cblr-1730	109	24	leib	leib	PROPN
cblr-1730	109	25	v.	v.	PROPN
cblr-1730	109	26	merrill	merrill	PROPN
cblr-1730	109	27	lynch	lynch	PROPN
cblr-1730	109	28	,	,	PUNCT
cblr-1730	109	29	461	461	NUM
cblr-1730	109	30	f.	f.	PROPN
cblr-1730	109	31	supp	supp	PROPN
cblr-1730	109	32	.	.	PUNCT
cblr-1730	110	1	at	at	ADP
cblr-1730	110	2	954	954	NUM
cblr-1730	110	3	.	.	PUNCT
cblr-1730	110	4	34	34	NUM
cblr-1730	110	5	hecht	hecht	PROPN
cblr-1730	110	6	v.	v.	PROPN
cblr-1730	110	7	harris	harris	PROPN
cblr-1730	110	8	,	,	PUNCT
cblr-1730	110	9	upham	upham	PROPN
cblr-1730	110	10	&	&	CCONJ
cblr-1730	110	11	co.	co.	PROPN
cblr-1730	110	12	,	,	PUNCT
cblr-1730	110	13	430	430	NUM
cblr-1730	110	14	f.2d	f.2d	NOUN
cblr-1730	110	15	1202	1202	NUM
cblr-1730	110	16	,	,	PUNCT
cblr-1730	110	17	1206	1206	NUM
cblr-1730	110	18	(	(	PUNCT
cblr-1730	110	19	9th	9th	ADJ
cblr-1730	110	20	cir	cir	NOUN
cblr-1730	110	21	.	.	PROPN
cblr-1730	110	22	1970	1970	NUM
cblr-1730	110	23	)	)	PUNCT
cblr-1730	110	24	;	;	PUNCT
cblr-1730	110	25	leib	leib	PROPN
cblr-1730	110	26	v.	v.	PROPN
cblr-1730	110	27	merrill	merrill	PROPN
cblr-1730	110	28	lynch	lynch	PROPN
cblr-1730	110	29	,	,	PUNCT
cblr-1730	110	30	461	461	NUM
cblr-1730	110	31	f.	f.	PROPN
cblr-1730	110	32	supp	supp	PROPN
cblr-1730	110	33	.	.	PUNCT
cblr-1730	111	1	at	at	ADP
cblr-1730	111	2	954	954	NUM
cblr-1730	111	3	.	.	NOUN
cblr-1730	111	4	35	35	NUM
cblr-1730	111	5	marshak	marshak	NOUN
cblr-1730	111	6	v.	v.	ADP
cblr-1730	111	7	blyth	blyth	PROPN
cblr-1730	111	8	eastman	eastman	PROPN
cblr-1730	111	9	dillion	dillion	PROPN
cblr-1730	111	10	&	&	CCONJ
cblr-1730	111	11	co.	co.	PROPN
cblr-1730	111	12	,	,	PUNCT
cblr-1730	111	13	413	413	NUM
cblr-1730	111	14	f.	f.	PROPN
cblr-1730	111	15	supp	supp	PROPN
cblr-1730	111	16	.	.	PUNCT
cblr-1730	112	1	377	377	NUM
cblr-1730	112	2	,	,	PUNCT
cblr-1730	112	3	380–82	380–82	NUM
cblr-1730	112	4	(	(	PUNCT
cblr-1730	112	5	n.d	n.d	PROPN
cblr-1730	112	6	.	.	PROPN
cblr-1730	112	7	okla	okla	PROPN
cblr-1730	112	8	.	.	PUNCT
cblr-1730	113	1	1975	1975	NUM
cblr-1730	113	2	)	)	PUNCT
cblr-1730	113	3	;	;	PUNCT
cblr-1730	114	1	kravitz	kravitz	PROPN
cblr-1730	114	2	v.	v.	PROPN
cblr-1730	114	3	pressman	pressman	PROPN
cblr-1730	114	4	,	,	PUNCT
cblr-1730	114	5	447	447	NUM
cblr-1730	114	6	f.	f.	PROPN
cblr-1730	114	7	supp	supp	PROPN
cblr-1730	114	8	.	.	PUNCT
cblr-1730	115	1	at	at	ADP
cblr-1730	115	2	211	211	NUM
cblr-1730	115	3	.	.	PUNCT
cblr-1730	116	1	36	36	NUM
cblr-1730	116	2	kravitz	kravitz	PROPN
cblr-1730	116	3	v.	v.	PROPN
cblr-1730	116	4	pressman	pressman	PROPN
cblr-1730	116	5	,	,	PUNCT
cblr-1730	116	6	447	447	NUM
cblr-1730	116	7	f.	f.	PROPN
cblr-1730	116	8	supp	supp	PROPN
cblr-1730	116	9	.	.	PUNCT
cblr-1730	117	1	at	at	ADP
cblr-1730	117	2	211	211	NUM
cblr-1730	117	3	;	;	PUNCT
cblr-1730	117	4	hecht	hecht	PROPN
cblr-1730	117	5	v.	v.	PROPN
cblr-1730	117	6	harris	harris	PROPN
cblr-1730	117	7	,	,	PUNCT
cblr-1730	117	8	430	430	NUM
cblr-1730	117	9	f.2d	f.2d	NOUN
cblr-1730	117	10	at	at	ADP
cblr-1730	117	11	1206	1206	NUM
cblr-1730	117	12	.	.	PUNCT
cblr-1730	118	1	smith	smith	PROPN
cblr-1730	118	2	–	–	PUNCT
cblr-1730	118	3	final	final	ADJ
cblr-1730	118	4	1208	1208	NUM
cblr-1730	118	5	columbia	columbia	PROPN
cblr-1730	118	6	business	business	NOUN
cblr-1730	118	7	law	law	PROPN
cblr-1730	118	8	review	review	NOUN
cblr-1730	118	9	[	[	X
cblr-1730	118	10	vol	vol	NOUN
cblr-1730	118	11	.	.	NOUN
cblr-1730	118	12	2017	2017	NUM
cblr-1730	118	13	the	the	DET
cblr-1730	118	14	broker	broker	NOUN
cblr-1730	118	15	performed	perform	VERB
cblr-1730	118	16	many	many	ADJ
cblr-1730	118	17	transactions	transaction	NOUN
cblr-1730	118	18	without	without	ADP
cblr-1730	118	19	the	the	DET
cblr-1730	118	20	investor	investor	NOUN
cblr-1730	118	21	’s	’s	PART
cblr-1730	118	22	prior	prior	ADJ
cblr-1730	118	23	approval.37	approval.37	NOUN
cblr-1730	118	24	conversely	conversely	ADV
cblr-1730	118	25	,	,	PUNCT
cblr-1730	118	26	courts	court	NOUN
cblr-1730	118	27	have	have	AUX
cblr-1730	118	28	found	find	VERB
cblr-1730	118	29	that	that	SCONJ
cblr-1730	118	30	investors	investor	NOUN
cblr-1730	118	31	who	who	PRON
cblr-1730	118	32	have	have	VERB
cblr-1730	118	33	knowledge	knowledge	NOUN
cblr-1730	118	34	of	of	ADP
cblr-1730	118	35	financial	financial	ADJ
cblr-1730	118	36	matters,38	matters,38	NOUN
cblr-1730	118	37	who	who	PRON
cblr-1730	118	38	maintain	maintain	VERB
cblr-1730	118	39	an	an	DET
cblr-1730	118	40	arms	arm	NOUN
cblr-1730	118	41	-	-	PUNCT
cblr-1730	118	42	length	length	NOUN
cblr-1730	118	43	business	business	NOUN
cblr-1730	118	44	relationship	relationship	NOUN
cblr-1730	118	45	with	with	ADP
cblr-1730	118	46	their	their	PRON
cblr-1730	118	47	broker,39	broker,39	NOUN
cblr-1730	118	48	and	and	CCONJ
cblr-1730	118	49	who	who	PRON
cblr-1730	118	50	speak	speak	VERB
cblr-1730	118	51	with	with	ADP
cblr-1730	118	52	their	their	PRON
cblr-1730	118	53	broker	broker	NOUN
cblr-1730	118	54	frequently	frequently	ADV
cblr-1730	118	55	regarding	regard	VERB
cblr-1730	118	56	the	the	DET
cblr-1730	118	57	status	status	NOUN
cblr-1730	118	58	of	of	ADP
cblr-1730	118	59	their	their	PRON
cblr-1730	118	60	account	account	NOUN
cblr-1730	118	61	or	or	CCONJ
cblr-1730	118	62	the	the	DET
cblr-1730	118	63	prudence	prudence	NOUN
cblr-1730	118	64	of	of	ADP
cblr-1730	118	65	particular	particular	ADJ
cblr-1730	118	66	transactions40	transactions40	NOUN
cblr-1730	118	67	have	have	AUX
cblr-1730	118	68	retained	retain	VERB
cblr-1730	118	69	control	control	NOUN
cblr-1730	118	70	over	over	ADP
cblr-1730	118	71	their	their	PRON
cblr-1730	118	72	account.41	account.41	NOUN
cblr-1730	118	73	a	a	DET
cblr-1730	118	74	final	final	ADJ
cblr-1730	118	75	instance	instance	NOUN
cblr-1730	118	76	where	where	SCONJ
cblr-1730	118	77	courts	court	NOUN
cblr-1730	118	78	have	have	AUX
cblr-1730	118	79	extended	extend	VERB
cblr-1730	118	80	fiduciary	fiduciary	ADJ
cblr-1730	118	81	obligations	obligation	NOUN
cblr-1730	118	82	to	to	ADP
cblr-1730	118	83	brokers	broker	NOUN
cblr-1730	118	84	is	be	AUX
cblr-1730	118	85	when	when	SCONJ
cblr-1730	118	86	“	"	PUNCT
cblr-1730	118	87	special	special	ADJ
cblr-1730	118	88	circumstances	circumstance	NOUN
cblr-1730	118	89	”	"	PUNCT
cblr-1730	118	90	exist	exist	VERB
cblr-1730	118	91	,	,	PUNCT
cblr-1730	118	92	such	such	ADJ
cblr-1730	118	93	as	as	ADP
cblr-1730	118	94	a	a	DET
cblr-1730	118	95	customer	customer	NOUN
cblr-1730	118	96	with	with	ADP
cblr-1730	118	97	impaired	impaired	ADJ
cblr-1730	118	98	faculties.42	faculties.42	NOUN
cblr-1730	118	99	these	these	DET
cblr-1730	118	100	special	special	ADJ
cblr-1730	118	101	circumstances	circumstance	NOUN
cblr-1730	118	102	often	often	ADV
cblr-1730	118	103	relate	relate	VERB
cblr-1730	118	104	to	to	ADP
cblr-1730	118	105	instances	instance	NOUN
cblr-1730	118	106	where	where	SCONJ
cblr-1730	118	107	the	the	DET
cblr-1730	118	108	broker	broker	NOUN
cblr-1730	118	109	is	be	AUX
cblr-1730	118	110	in	in	ADP
cblr-1730	118	111	a	a	DET
cblr-1730	118	112	position	position	NOUN
cblr-1730	118	113	to	to	PART
cblr-1730	118	114	exercise	exercise	VERB
cblr-1730	118	115	effective	effective	ADJ
cblr-1730	118	116	control	control	NOUN
cblr-1730	118	117	over	over	ADP
cblr-1730	118	118	the	the	DET
cblr-1730	118	119	customers	customer	NOUN
cblr-1730	118	120	’	’	PART
cblr-1730	118	121	account	account	NOUN
cblr-1730	118	122	.	.	PUNCT
cblr-1730	119	1	hence	hence	ADV
cblr-1730	119	2	,	,	PUNCT
cblr-1730	119	3	once	once	ADV
cblr-1730	119	4	more	more	ADV
cblr-1730	119	5	,	,	PUNCT
cblr-1730	119	6	a	a	DET
cblr-1730	119	7	trust	trust	NOUN
cblr-1730	119	8	-	-	PUNCT
cblr-1730	119	9	based	base	VERB
cblr-1730	119	10	relationship	relationship	NOUN
cblr-1730	119	11	exists	exist	VERB
cblr-1730	119	12	,	,	PUNCT
cblr-1730	119	13	entitling	entitle	VERB
cblr-1730	119	14	the	the	DET
cblr-1730	119	15	client	client	NOUN
cblr-1730	119	16	to	to	PART
cblr-1730	119	17	heightened	heighten	VERB
cblr-1730	119	18	legal	legal	ADJ
cblr-1730	119	19	protection	protection	NOUN
cblr-1730	119	20	.	.	PUNCT
cblr-1730	120	1	two	two	NUM
cblr-1730	120	2	important	important	ADJ
cblr-1730	120	3	features	feature	NOUN
cblr-1730	120	4	are	be	AUX
cblr-1730	120	5	identifiable	identifiable	ADJ
cblr-1730	120	6	from	from	ADP
cblr-1730	120	7	these	these	DET
cblr-1730	120	8	prior	prior	ADJ
cblr-1730	120	9	cases	case	NOUN
cblr-1730	120	10	.	.	PUNCT
cblr-1730	121	1	first	first	ADV
cblr-1730	121	2	,	,	PUNCT
cblr-1730	121	3	both	both	PRON
cblr-1730	121	4	courts	court	NOUN
cblr-1730	121	5	and	and	CCONJ
cblr-1730	121	6	regulatory	regulatory	ADJ
cblr-1730	121	7	bodies	body	NOUN
cblr-1730	121	8	have	have	AUX
cblr-1730	121	9	consistently	consistently	ADV
cblr-1730	121	10	been	be	AUX
cblr-1730	121	11	willing	willing	ADJ
cblr-1730	121	12	to	to	PART
cblr-1730	121	13	extend	extend	VERB
cblr-1730	121	14	fiduciary	fiduciary	ADJ
cblr-1730	121	15	or	or	CCONJ
cblr-1730	121	16	fiduciary	fiduciary	ADJ
cblr-1730	121	17	-	-	PUNCT
cblr-1730	121	18	like	like	ADJ
cblr-1730	121	19	obligations	obligation	NOUN
cblr-1730	121	20	to	to	ADP
cblr-1730	121	21	brokers	broker	NOUN
cblr-1730	121	22	,	,	PUNCT
cblr-1730	121	23	particularly	particularly	ADV
cblr-1730	121	24	when	when	SCONJ
cblr-1730	121	25	they	they	PRON
cblr-1730	121	26	are	be	AUX
cblr-1730	121	27	in	in	ADP
cblr-1730	121	28	trust	trust	NOUN
cblr-1730	121	29	-	-	PUNCT
cblr-1730	121	30	based	base	VERB
cblr-1730	121	31	positions	position	NOUN
cblr-1730	121	32	of	of	ADP
cblr-1730	121	33	control	control	NOUN
cblr-1730	121	34	with	with	ADP
cblr-1730	121	35	respect	respect	NOUN
cblr-1730	121	36	to	to	ADP
cblr-1730	121	37	their	their	PRON
cblr-1730	121	38	clients	client	NOUN
cblr-1730	121	39	’	’	PART
cblr-1730	121	40	accounts	account	NOUN
cblr-1730	121	41	,	,	PUNCT
cblr-1730	121	42	similar	similar	ADJ
cblr-1730	121	43	to	to	ADP
cblr-1730	121	44	those	those	PRON
cblr-1730	121	45	of	of	ADP
cblr-1730	121	46	advisers	adviser	NOUN
cblr-1730	121	47	.	.	PUNCT
cblr-1730	122	1	second	second	ADV
cblr-1730	122	2	,	,	PUNCT
cblr-1730	122	3	the	the	DET
cblr-1730	122	4	mixed	mixed	ADJ
cblr-1730	122	5	bag	bag	NOUN
cblr-1730	122	6	of	of	ADP
cblr-1730	122	7	fiduciary	fiduciary	ADJ
cblr-1730	122	8	duty	duty	NOUN
cblr-1730	122	9	imposition	imposition	NOUN
cblr-1730	122	10	on	on	ADP
cblr-1730	122	11	brokers	broker	NOUN
cblr-1730	122	12	often	often	ADV
cblr-1730	122	13	leaves	leave	VERB
cblr-1730	122	14	questions	question	NOUN
cblr-1730	122	15	regarding	regard	VERB
cblr-1730	122	16	the	the	DET
cblr-1730	122	17	scope	scope	NOUN
cblr-1730	122	18	of	of	ADP
cblr-1730	122	19	a	a	DET
cblr-1730	122	20	broker	broker	NOUN
cblr-1730	122	21	’s	’s	PART
cblr-1730	122	22	fiduciary	fiduciary	ADJ
cblr-1730	122	23	obligations	obligation	NOUN
cblr-1730	122	24	for	for	ADP
cblr-1730	122	25	any	any	DET
cblr-1730	122	26	given	give	VERB
cblr-1730	122	27	transaction	transaction	NOUN
cblr-1730	122	28	.	.	PUNCT
cblr-1730	123	1	these	these	PRON
cblr-1730	123	2	at	at	ADP
cblr-1730	123	3	times	time	NOUN
cblr-1730	123	4	conflicting	conflicting	ADJ
cblr-1730	123	5	principles	principle	NOUN
cblr-1730	123	6	have	have	AUX
cblr-1730	123	7	led	lead	VERB
cblr-1730	123	8	many	many	ADJ
cblr-1730	123	9	scholars	scholar	NOUN
cblr-1730	123	10	to	to	PART
cblr-1730	123	11	argue	argue	VERB
cblr-1730	123	12	for	for	ADP
cblr-1730	123	13	a	a	DET
cblr-1730	123	14	uniform	uniform	ADJ
cblr-1730	123	15	fiduciary	fiduciary	ADJ
cblr-1730	123	16	standard	standard	NOUN
cblr-1730	123	17	that	that	PRON
cblr-1730	123	18	applies	apply	VERB
cblr-1730	123	19	to	to	ADP
cblr-1730	123	20	both	both	DET
cblr-1730	123	21	advisers	adviser	NOUN
cblr-1730	123	22	and	and	CCONJ
cblr-1730	123	23	brokers.43	brokers.43	PROPN
cblr-1730	123	24	they	they	PRON
cblr-1730	123	25	also	also	ADV
cblr-1730	123	26	raise	raise	VERB
cblr-1730	123	27	serious	serious	ADJ
cblr-1730	123	28	questions	question	NOUN
cblr-1730	123	29	about	about	ADP
cblr-1730	123	30	the	the	DET
cblr-1730	123	31	role	role	NOUN
cblr-1730	123	32	that	that	PRON
cblr-1730	123	33	fiduciary	fiduciary	ADJ
cblr-1730	123	34	duties	duty	NOUN
cblr-1730	123	35	should	should	AUX
cblr-1730	123	36	play	play	VERB
cblr-1730	123	37	in	in	ADP
cblr-1730	123	38	the	the	DET
cblr-1730	123	39	37	37	NUM
cblr-1730	123	40	kravitz	kravitz	PROPN
cblr-1730	123	41	v.	v.	PROPN
cblr-1730	123	42	pressman	pressman	PROPN
cblr-1730	123	43	,	,	PUNCT
cblr-1730	123	44	447	447	NUM
cblr-1730	123	45	f.	f.	PROPN
cblr-1730	123	46	supp	supp	PROPN
cblr-1730	123	47	.	.	PUNCT
cblr-1730	124	1	at	at	ADP
cblr-1730	124	2	211	211	NUM
cblr-1730	124	3	;	;	PUNCT
cblr-1730	124	4	hecht	hecht	PROPN
cblr-1730	124	5	v.	v.	PROPN
cblr-1730	124	6	harris	harris	PROPN
cblr-1730	124	7	,	,	PUNCT
cblr-1730	124	8	430	430	NUM
cblr-1730	124	9	f.2d	f.2d	NOUN
cblr-1730	124	10	at	at	ADP
cblr-1730	124	11	1209–10	1209–10	NOUN
cblr-1730	124	12	.	.	PUNCT
cblr-1730	125	1	see	see	AUX
cblr-1730	125	2	also	also	ADV
cblr-1730	125	3	leib	leib	PROPN
cblr-1730	125	4	v.	v.	PROPN
cblr-1730	125	5	merrill	merrill	PROPN
cblr-1730	125	6	lynch	lynch	PROPN
cblr-1730	125	7	,	,	PUNCT
cblr-1730	125	8	461	461	NUM
cblr-1730	125	9	f.	f.	PROPN
cblr-1730	125	10	supp	supp	PROPN
cblr-1730	125	11	.	.	PUNCT
cblr-1730	126	1	at	at	ADP
cblr-1730	126	2	954–55	954–55	NUM
cblr-1730	126	3	.	.	PUNCT
cblr-1730	127	1	38	38	NUM
cblr-1730	127	2	marshak	marshak	NOUN
cblr-1730	127	3	v.	v.	ADP
cblr-1730	127	4	blyth	blyth	PROPN
cblr-1730	127	5	,	,	PUNCT
cblr-1730	127	6	413	413	NUM
cblr-1730	127	7	f.	f.	PROPN
cblr-1730	127	8	supp	supp	PROPN
cblr-1730	127	9	.	.	PUNCT
cblr-1730	128	1	at	at	ADP
cblr-1730	128	2	380–82	380–82	NUM
cblr-1730	128	3	;	;	PUNCT
cblr-1730	128	4	see	see	VERB
cblr-1730	128	5	generally	generally	ADV
cblr-1730	128	6	shorrock	shorrock	VERB
cblr-1730	128	7	v.	v.	ADP
cblr-1730	128	8	merrill	merrill	PROPN
cblr-1730	128	9	lynch	lynch	PROPN
cblr-1730	128	10	,	,	PUNCT
cblr-1730	128	11	pierce	pierce	PROPN
cblr-1730	128	12	,	,	PUNCT
cblr-1730	128	13	fenner	fenner	PROPN
cblr-1730	128	14	&	&	CCONJ
cblr-1730	128	15	smith	smith	PROPN
cblr-1730	128	16	,	,	PUNCT
cblr-1730	128	17	inc	inc	PROPN
cblr-1730	128	18	.	.	PROPN
cblr-1730	128	19	,	,	PUNCT
cblr-1730	129	1	[	[	X
cblr-1730	129	2	1997	1997	NUM
cblr-1730	129	3	-	-	SYM
cblr-1730	129	4	1978	1978	NUM
cblr-1730	129	5	transfer	transfer	NOUN
cblr-1730	129	6	binder	binder	NOUN
cblr-1730	129	7	]	]	PUNCT
cblr-1730	129	8	fed	fed	PROPN
cblr-1730	129	9	.	.	PUNCT
cblr-1730	130	1	sec	sec	PROPN
cblr-1730	130	2	.	.	PROPN
cblr-1730	130	3	l.	l.	PROPN
cblr-1730	130	4	rep	rep	PROPN
cblr-1730	130	5	.	.	PROPN
cblr-1730	130	6	(	(	PUNCT
cblr-1730	130	7	cch	cch	PROPN
cblr-1730	130	8	)	)	PUNCT
cblr-1730	130	9	¶	¶	PROPN
cblr-1730	130	10	96,251	96,251	NUM
cblr-1730	130	11	(	(	PUNCT
cblr-1730	130	12	d.	d.	NOUN
cblr-1730	130	13	or	or	CCONJ
cblr-1730	130	14	.	.	PUNCT
cblr-1730	130	15	1977	1977	NUM
cblr-1730	130	16	)	)	PUNCT
cblr-1730	130	17	.	.	PUNCT
cblr-1730	131	1	39	39	NUM
cblr-1730	131	2	shorrock	shorrock	NOUN
cblr-1730	131	3	v.	v.	ADP
cblr-1730	131	4	merrill	merrill	PROPN
cblr-1730	131	5	lynch	lynch	PROPN
cblr-1730	131	6	,	,	PUNCT
cblr-1730	131	7	[	[	X
cblr-1730	131	8	1977–1978	1977–1978	NUM
cblr-1730	131	9	transfer	transfer	NOUN
cblr-1730	131	10	binder	binder	NOUN
cblr-1730	131	11	]	]	PUNCT
cblr-1730	131	12	fed	fed	PROPN
cblr-1730	131	13	.	.	PUNCT
cblr-1730	132	1	sec	sec	PROPN
cblr-1730	132	2	.	.	PROPN
cblr-1730	132	3	l.	l.	PROPN
cblr-1730	132	4	rep	rep	PROPN
cblr-1730	132	5	.	.	PROPN
cblr-1730	132	6	(	(	PUNCT
cblr-1730	132	7	cch	cch	PROPN
cblr-1730	132	8	)	)	PUNCT
cblr-1730	132	9	at	at	ADP
cblr-1730	132	10	1	1	NUM
cblr-1730	132	11	,	,	PUNCT
cblr-1730	132	12	11–12	11–12	NUM
cblr-1730	132	13	,	,	PUNCT
cblr-1730	132	14	21–25	21–25	NUM
cblr-1730	132	15	.	.	PUNCT
cblr-1730	133	1	40	40	NUM
cblr-1730	133	2	robinson	robinson	PROPN
cblr-1730	133	3	v.	v.	PROPN
cblr-1730	133	4	merrill	merrill	PROPN
cblr-1730	133	5	lynch	lynch	PROPN
cblr-1730	133	6	,	,	PUNCT
cblr-1730	133	7	pierce	pierce	PROPN
cblr-1730	133	8	,	,	PUNCT
cblr-1730	133	9	fenner	fenner	PROPN
cblr-1730	133	10	&	&	CCONJ
cblr-1730	133	11	smith	smith	PROPN
cblr-1730	133	12	,	,	PUNCT
cblr-1730	133	13	inc	inc	PROPN
cblr-1730	133	14	.	.	PROPN
cblr-1730	133	15	,	,	PUNCT
cblr-1730	133	16	337	337	NUM
cblr-1730	133	17	f.	f.	PROPN
cblr-1730	133	18	supp	supp	PROPN
cblr-1730	133	19	.	.	PUNCT
cblr-1730	134	1	107	107	NUM
cblr-1730	134	2	,	,	PUNCT
cblr-1730	134	3	112–13	112–13	NUM
cblr-1730	134	4	(	(	PUNCT
cblr-1730	134	5	n.d	n.d	PROPN
cblr-1730	134	6	.	.	PROPN
cblr-1730	134	7	ala	ala	PROPN
cblr-1730	134	8	.	.	PROPN
cblr-1730	134	9	1971	1971	NUM
cblr-1730	134	10	)	)	PUNCT
cblr-1730	134	11	,	,	PUNCT
cblr-1730	134	12	aff’d	aff’d	VERB
cblr-1730	134	13	,	,	PUNCT
cblr-1730	134	14	453	453	NUM
cblr-1730	134	15	f.2d	f.2d	NUM
cblr-1730	134	16	417	417	NUM
cblr-1730	134	17	(	(	PUNCT
cblr-1730	134	18	5th	5th	ADJ
cblr-1730	134	19	cir	cir	NOUN
cblr-1730	134	20	.	.	PROPN
cblr-1730	134	21	1972	1972	NUM
cblr-1730	134	22	)	)	PUNCT
cblr-1730	134	23	.	.	PUNCT
cblr-1730	135	1	41	41	NUM
cblr-1730	135	2	leib	leib	PROPN
cblr-1730	135	3	v.	v.	PROPN
cblr-1730	135	4	merrill	merrill	PROPN
cblr-1730	135	5	lynch	lynch	PROPN
cblr-1730	135	6	,	,	PUNCT
cblr-1730	135	7	461	461	NUM
cblr-1730	135	8	f.	f.	PROPN
cblr-1730	135	9	supp	supp	PROPN
cblr-1730	135	10	.	.	PUNCT
cblr-1730	136	1	at	at	ADP
cblr-1730	136	2	954–55	954–55	NUM
cblr-1730	136	3	.	.	PUNCT
cblr-1730	137	1	42	42	NUM
cblr-1730	137	2	see	see	VERB
cblr-1730	137	3	de	de	X
cblr-1730	137	4	kwiatkowski	kwiatkowski	PROPN
cblr-1730	137	5	v.	v.	ADP
cblr-1730	137	6	bear	bear	PROPN
cblr-1730	137	7	,	,	PUNCT
cblr-1730	137	8	stearns	stearns	PROPN
cblr-1730	137	9	&	&	CCONJ
cblr-1730	137	10	co.	co.	PROPN
cblr-1730	137	11	,	,	PUNCT
cblr-1730	137	12	306	306	NUM
cblr-1730	137	13	f.3d	f.3d	NUM
cblr-1730	137	14	1293	1293	NUM
cblr-1730	137	15	,	,	PUNCT
cblr-1730	137	16	1308	1308	NUM
cblr-1730	137	17	(	(	PUNCT
cblr-1730	137	18	2d	2d	NUM
cblr-1730	137	19	cir	cir	NOUN
cblr-1730	137	20	.	.	PUNCT
cblr-1730	137	21	2002	2002	NUM
cblr-1730	137	22	)	)	PUNCT
cblr-1730	137	23	.	.	PUNCT
cblr-1730	138	1	43	43	NUM
cblr-1730	138	2	see	see	VERB
cblr-1730	138	3	edwards	edwards	PROPN
cblr-1730	138	4	,	,	PUNCT
cblr-1730	138	5	supra	supra	PROPN
cblr-1730	138	6	note	note	NOUN
cblr-1730	138	7	2	2	NUM
cblr-1730	138	8	,	,	PUNCT
cblr-1730	138	9	at	at	ADP
cblr-1730	138	10	118	118	NUM
cblr-1730	138	11	.	.	PUNCT
cblr-1730	139	1	smith	smith	PROPN
cblr-1730	139	2	–	–	PUNCT
cblr-1730	139	3	final	final	ADJ
cblr-1730	139	4	no	no	NOUN
cblr-1730	139	5	.	.	PUNCT
cblr-1730	140	1	3:1200	3:1200	NUM
cblr-1730	140	2	]	]	X
cblr-1730	140	3	a	a	DET
cblr-1730	140	4	uniform	uniform	ADJ
cblr-1730	140	5	fiduciary	fiduciary	ADJ
cblr-1730	140	6	duty	duty	NOUN
cblr-1730	140	7	1209	1209	NUM
cblr-1730	140	8	world	world	NOUN
cblr-1730	140	9	of	of	ADP
cblr-1730	140	10	online	online	ADJ
cblr-1730	140	11	and	and	CCONJ
cblr-1730	140	12	mobile	mobile	ADJ
cblr-1730	140	13	investing	investing	NOUN
cblr-1730	140	14	,	,	PUNCT
cblr-1730	140	15	where	where	SCONJ
cblr-1730	140	16	brokerage	brokerage	NOUN
cblr-1730	140	17	firms	firm	NOUN
cblr-1730	140	18	often	often	ADV
cblr-1730	140	19	act	act	VERB
cblr-1730	140	20	in	in	ADP
cblr-1730	140	21	a	a	DET
cblr-1730	140	22	manner	manner	NOUN
cblr-1730	140	23	similar	similar	ADJ
cblr-1730	140	24	to	to	ADP
cblr-1730	140	25	that	that	PRON
cblr-1730	140	26	of	of	ADP
cblr-1730	140	27	individual	individual	ADJ
cblr-1730	140	28	brokers	broker	NOUN
cblr-1730	140	29	.	.	PUNCT
cblr-1730	141	1	b.	b.	PROPN
cblr-1730	141	2	relationship	relationship	NOUN
cblr-1730	141	3	between	between	ADP
cblr-1730	141	4	brokers	broker	NOUN
cblr-1730	141	5	and	and	CCONJ
cblr-1730	141	6	online	online	ADJ
cblr-1730	141	7	investment	investment	NOUN
cblr-1730	141	8	platforms	platform	NOUN
cblr-1730	141	9	as	as	ADP
cblr-1730	141	10	an	an	DET
cblr-1730	141	11	issue	issue	NOUN
cblr-1730	141	12	of	of	ADP
cblr-1730	141	13	first	first	ADJ
cblr-1730	141	14	impression	impression	NOUN
cblr-1730	141	15	for	for	ADP
cblr-1730	141	16	the	the	DET
cblr-1730	141	17	courts	court	NOUN
cblr-1730	141	18	,	,	PUNCT
cblr-1730	141	19	there	there	PRON
cblr-1730	141	20	have	have	AUX
cblr-1730	141	21	been	be	AUX
cblr-1730	141	22	no	no	DET
cblr-1730	141	23	cases	case	NOUN
cblr-1730	141	24	that	that	PRON
cblr-1730	141	25	have	have	AUX
cblr-1730	141	26	held	hold	VERB
cblr-1730	141	27	a	a	DET
cblr-1730	141	28	brokerage	brokerage	NOUN
cblr-1730	141	29	firm	firm	NOUN
cblr-1730	141	30	,	,	PUNCT
cblr-1730	141	31	or	or	CCONJ
cblr-1730	141	32	other	other	ADJ
cblr-1730	141	33	similar	similar	ADJ
cblr-1730	141	34	financial	financial	ADJ
cblr-1730	141	35	advisory	advisory	ADJ
cblr-1730	141	36	entity	entity	NOUN
cblr-1730	141	37	,	,	PUNCT
cblr-1730	141	38	liable	liable	ADJ
cblr-1730	141	39	for	for	ADP
cblr-1730	141	40	breach	breach	NOUN
cblr-1730	141	41	of	of	ADP
cblr-1730	141	42	fiduciary	fiduciary	ADJ
cblr-1730	141	43	duty	duty	NOUN
cblr-1730	141	44	based	base	VERB
cblr-1730	141	45	purely	purely	ADV
cblr-1730	141	46	on	on	ADP
cblr-1730	141	47	the	the	DET
cblr-1730	141	48	subject	subject	ADJ
cblr-1730	141	49	matter	matter	NOUN
cblr-1730	141	50	of	of	ADP
cblr-1730	141	51	their	their	PRON
cblr-1730	141	52	online	online	ADJ
cblr-1730	141	53	and	and	CCONJ
cblr-1730	141	54	mobile	mobile	ADJ
cblr-1730	141	55	investment	investment	NOUN
cblr-1730	141	56	platforms.44	platforms.44	NOUN
cblr-1730	141	57	unlike	unlike	ADP
cblr-1730	141	58	brokers	broker	NOUN
cblr-1730	141	59	who	who	PRON
cblr-1730	141	60	are	be	AUX
cblr-1730	141	61	governed	govern	VERB
cblr-1730	141	62	under	under	ADP
cblr-1730	141	63	the	the	DET
cblr-1730	141	64	sea	sea	NOUN
cblr-1730	141	65	and	and	CCONJ
cblr-1730	141	66	referenced	reference	VERB
cblr-1730	141	67	under	under	ADP
cblr-1730	141	68	the	the	DET
cblr-1730	141	69	iaa	iaa	NOUN
cblr-1730	141	70	,	,	PUNCT
cblr-1730	141	71	online	online	ADJ
cblr-1730	141	72	and	and	CCONJ
cblr-1730	141	73	mobile	mobile	ADJ
cblr-1730	141	74	investing	investing	NOUN
cblr-1730	141	75	did	do	AUX
cblr-1730	141	76	not	not	PART
cblr-1730	141	77	exist	exist	VERB
cblr-1730	141	78	in	in	ADP
cblr-1730	141	79	the	the	DET
cblr-1730	141	80	1930s	1930	NOUN
cblr-1730	141	81	and	and	CCONJ
cblr-1730	141	82	1940s	1940	NOUN
cblr-1730	141	83	and	and	CCONJ
cblr-1730	141	84	thus	thus	ADV
cblr-1730	141	85	there	there	PRON
cblr-1730	141	86	is	be	VERB
cblr-1730	141	87	no	no	DET
cblr-1730	141	88	mention	mention	NOUN
cblr-1730	141	89	of	of	ADP
cblr-1730	141	90	them	they	PRON
cblr-1730	141	91	in	in	ADP
cblr-1730	141	92	either	either	CCONJ
cblr-1730	141	93	act.45	act.45	ADJ
cblr-1730	141	94	although	although	SCONJ
cblr-1730	141	95	the	the	DET
cblr-1730	141	96	statutory	statutory	ADJ
cblr-1730	141	97	language	language	NOUN
cblr-1730	141	98	does	do	AUX
cblr-1730	141	99	not	not	PART
cblr-1730	141	100	expressly	expressly	ADV
cblr-1730	141	101	preclude	preclude	VERB
cblr-1730	141	102	the	the	DET
cblr-1730	141	103	inclusion	inclusion	NOUN
cblr-1730	141	104	of	of	ADP
cblr-1730	141	105	mobile	mobile	ADJ
cblr-1730	141	106	or	or	CCONJ
cblr-1730	141	107	online	online	ADJ
cblr-1730	141	108	platforms	platform	NOUN
cblr-1730	141	109	under	under	ADP
cblr-1730	141	110	its	its	PRON
cblr-1730	141	111	provisions	provision	NOUN
cblr-1730	141	112	,	,	PUNCT
cblr-1730	141	113	as	as	SCONJ
cblr-1730	141	114	the	the	DET
cblr-1730	141	115	common	common	ADJ
cblr-1730	141	116	law	law	NOUN
cblr-1730	141	117	and	and	CCONJ
cblr-1730	141	118	statutory	statutory	ADJ
cblr-1730	141	119	law	law	NOUN
cblr-1730	141	120	currently	currently	ADV
cblr-1730	141	121	stand	stand	VERB
cblr-1730	141	122	,	,	PUNCT
cblr-1730	141	123	there	there	PRON
cblr-1730	141	124	is	be	VERB
cblr-1730	141	125	little	little	ADJ
cblr-1730	141	126	to	to	ADP
cblr-1730	141	127	no	no	DET
cblr-1730	141	128	evidence	evidence	NOUN
cblr-1730	141	129	that	that	SCONJ
cblr-1730	141	130	the	the	DET
cblr-1730	141	131	legal	legal	ADJ
cblr-1730	141	132	basis	basis	NOUN
cblr-1730	141	133	used	use	VERB
cblr-1730	141	134	for	for	ADP
cblr-1730	141	135	extending	extend	VERB
cblr-1730	141	136	fiduciary	fiduciary	ADJ
cblr-1730	141	137	duties	duty	NOUN
cblr-1730	141	138	to	to	ADP
cblr-1730	141	139	brokers	broker	NOUN
cblr-1730	141	140	is	be	AUX
cblr-1730	141	141	similarly	similarly	ADV
cblr-1730	141	142	present	present	ADJ
cblr-1730	141	143	for	for	ADP
cblr-1730	141	144	online	online	ADJ
cblr-1730	141	145	platforms	platform	NOUN
cblr-1730	141	146	.	.	PUNCT
cblr-1730	142	1	the	the	DET
cblr-1730	142	2	question	question	NOUN
cblr-1730	142	3	then	then	ADV
cblr-1730	142	4	becomes	become	VERB
cblr-1730	142	5	,	,	PUNCT
cblr-1730	142	6	are	be	AUX
cblr-1730	142	7	there	there	PRON
cblr-1730	142	8	any	any	DET
cblr-1730	142	9	circumstances	circumstance	NOUN
cblr-1730	142	10	under	under	ADP
cblr-1730	142	11	which	which	PRON
cblr-1730	142	12	a	a	DET
cblr-1730	142	13	court	court	NOUN
cblr-1730	142	14	would	would	AUX
cblr-1730	142	15	be	be	AUX
cblr-1730	142	16	willing	willing	ADJ
cblr-1730	142	17	to	to	PART
cblr-1730	142	18	make	make	VERB
cblr-1730	142	19	such	such	DET
cblr-1730	142	20	an	an	DET
cblr-1730	142	21	extension	extension	NOUN
cblr-1730	142	22	of	of	ADP
cblr-1730	142	23	fiduciary	fiduciary	ADJ
cblr-1730	142	24	duty	duty	NOUN
cblr-1730	142	25	?	?	PUNCT
cblr-1730	143	1	to	to	PART
cblr-1730	143	2	answer	answer	VERB
cblr-1730	143	3	this	this	PRON
cblr-1730	143	4	,	,	PUNCT
cblr-1730	143	5	any	any	DET
cblr-1730	143	6	similarities	similarity	NOUN
cblr-1730	143	7	between	between	ADP
cblr-1730	143	8	brokers	broker	NOUN
cblr-1730	143	9	,	,	PUNCT
cblr-1730	143	10	whom	whom	PRON
cblr-1730	143	11	courts	court	NOUN
cblr-1730	143	12	have	have	AUX
cblr-1730	143	13	been	be	AUX
cblr-1730	143	14	willing	willing	ADJ
cblr-1730	143	15	to	to	PART
cblr-1730	143	16	extend	extend	VERB
cblr-1730	143	17	fiduciary	fiduciary	ADJ
cblr-1730	143	18	duties	duty	NOUN
cblr-1730	143	19	to	to	PART
cblr-1730	143	20	under	under	ADP
cblr-1730	143	21	certain	certain	ADJ
cblr-1730	143	22	circumstances	circumstance	NOUN
cblr-1730	143	23	,	,	PUNCT
cblr-1730	143	24	and	and	CCONJ
cblr-1730	143	25	their	their	PRON
cblr-1730	143	26	online	online	ADJ
cblr-1730	143	27	or	or	CCONJ
cblr-1730	143	28	mobile	mobile	ADJ
cblr-1730	143	29	investment	investment	NOUN
cblr-1730	143	30	platforms	platform	NOUN
cblr-1730	143	31	generally	generally	ADV
cblr-1730	143	32	must	must	AUX
cblr-1730	143	33	first	first	ADV
cblr-1730	143	34	be	be	AUX
cblr-1730	143	35	examined	examine	VERB
cblr-1730	143	36	.	.	PUNCT
cblr-1730	144	1	broadly	broadly	ADV
cblr-1730	144	2	speaking	speak	VERB
cblr-1730	144	3	,	,	PUNCT
cblr-1730	144	4	brokers	broker	NOUN
cblr-1730	144	5	and	and	CCONJ
cblr-1730	144	6	online	online	ADJ
cblr-1730	144	7	investing	investing	NOUN
cblr-1730	144	8	platforms	platform	NOUN
cblr-1730	144	9	serve	serve	VERB
cblr-1730	144	10	the	the	DET
cblr-1730	144	11	same	same	ADJ
cblr-1730	144	12	function	function	NOUN
cblr-1730	144	13	.	.	PUNCT
cblr-1730	145	1	namely	namely	ADV
cblr-1730	145	2	,	,	PUNCT
cblr-1730	145	3	they	they	PRON
cblr-1730	145	4	facilitate	facilitate	VERB
cblr-1730	145	5	securities	security	NOUN
cblr-1730	145	6	transactions	transaction	NOUN
cblr-1730	145	7	by	by	ADP
cblr-1730	145	8	providing	provide	VERB
cblr-1730	145	9	both	both	CCONJ
cblr-1730	145	10	the	the	DET
cblr-1730	145	11	necessary	necessary	ADJ
cblr-1730	145	12	information	information	NOUN
cblr-1730	145	13	incidental	incidental	ADJ
cblr-1730	145	14	to	to	ADP
cblr-1730	145	15	the	the	DET
cblr-1730	145	16	transactions	transaction	NOUN
cblr-1730	145	17	and	and	CCONJ
cblr-1730	145	18	the	the	DET
cblr-1730	145	19	means	mean	NOUN
cblr-1730	145	20	to	to	PART
cblr-1730	145	21	execute	execute	VERB
cblr-1730	145	22	them	they	PRON
cblr-1730	145	23	.	.	PUNCT
cblr-1730	146	1	as	as	ADP
cblr-1730	146	2	with	with	ADP
cblr-1730	146	3	brokers	broker	NOUN
cblr-1730	146	4	,	,	PUNCT
cblr-1730	146	5	online	online	ADJ
cblr-1730	146	6	platforms	platform	NOUN
cblr-1730	146	7	typically	typically	ADV
cblr-1730	146	8	take	take	VERB
cblr-1730	146	9	compensation	compensation	NOUN
cblr-1730	146	10	in	in	ADP
cblr-1730	146	11	the	the	DET
cblr-1730	146	12	form	form	NOUN
cblr-1730	146	13	of	of	ADP
cblr-1730	146	14	a	a	DET
cblr-1730	146	15	commission	commission	NOUN
cblr-1730	146	16	-	-	PUNCT
cblr-1730	146	17	based	base	VERB
cblr-1730	146	18	fee	fee	NOUN
cblr-1730	146	19	,	,	PUNCT
cblr-1730	146	20	rather	rather	ADV
cblr-1730	146	21	than	than	ADP
cblr-1730	146	22	a	a	DET
cblr-1730	146	23	management	management	NOUN
cblr-1730	146	24	fee	fee	NOUN
cblr-1730	146	25	or	or	CCONJ
cblr-1730	146	26	a	a	DET
cblr-1730	146	27	percentage	percentage	NOUN
cblr-1730	146	28	of	of	ADP
cblr-1730	146	29	the	the	DET
cblr-1730	146	30	underlying	underlie	VERB
cblr-1730	146	31	assets	asset	NOUN
cblr-1730	146	32	value	value	NOUN
cblr-1730	146	33	.	.	PUNCT
cblr-1730	147	1	both	both	PRON
cblr-1730	147	2	of	of	ADP
cblr-1730	147	3	these	these	DET
cblr-1730	147	4	factors	factor	NOUN
cblr-1730	147	5	are	be	AUX
cblr-1730	147	6	evidence	evidence	NOUN
cblr-1730	147	7	of	of	ADP
cblr-1730	147	8	similarities	similarity	NOUN
cblr-1730	147	9	between	between	ADP
cblr-1730	147	10	online	online	ADJ
cblr-1730	147	11	platforms	platform	NOUN
cblr-1730	147	12	and	and	CCONJ
cblr-1730	147	13	brokers	broker	NOUN
cblr-1730	147	14	in	in	ADP
cblr-1730	147	15	ways	way	NOUN
cblr-1730	147	16	that	that	PRON
cblr-1730	147	17	would	would	AUX
cblr-1730	147	18	likely	likely	ADV
cblr-1730	147	19	exempt	exempt	VERB
cblr-1730	147	20	them	they	PRON
cblr-1730	147	21	from	from	ADP
cblr-1730	147	22	fiduciary	fiduciary	ADJ
cblr-1730	147	23	obligations	obligation	NOUN
cblr-1730	147	24	.	.	PUNCT
cblr-1730	148	1	44	44	NUM
cblr-1730	148	2	see	see	VERB
cblr-1730	148	3	williams	williams	PROPN
cblr-1730	148	4	v.	v.	ADP
cblr-1730	148	5	scottrade	scottrade	PROPN
cblr-1730	148	6	,	,	PUNCT
cblr-1730	148	7	inc	inc	PROPN
cblr-1730	148	8	.	.	PROPN
cblr-1730	148	9	,	,	PUNCT
cblr-1730	148	10	no	no	INTJ
cblr-1730	148	11	.	.	NOUN
cblr-1730	148	12	06	06	NUM
cblr-1730	148	13	-	-	SYM
cblr-1730	148	14	10677	10677	NUM
cblr-1730	148	15	,	,	PUNCT
cblr-1730	148	16	2006	2006	NUM
cblr-1730	148	17	wl	wl	NOUN
cblr-1730	148	18	2077588	2077588	NUM
cblr-1730	148	19	,	,	PUNCT
cblr-1730	148	20	at	at	ADP
cblr-1730	148	21	*	*	PROPN
cblr-1730	148	22	1	1	NUM
cblr-1730	148	23	,	,	PUNCT
cblr-1730	148	24	*	*	NOUN
cblr-1730	148	25	5	5	NUM
cblr-1730	148	26	(	(	PUNCT
cblr-1730	148	27	e.d	e.d	PROPN
cblr-1730	148	28	.	.	PROPN
cblr-1730	148	29	mich	mich	PROPN
cblr-1730	148	30	.	.	PUNCT
cblr-1730	148	31	july	july	PROPN
cblr-1730	148	32	24	24	NUM
cblr-1730	148	33	,	,	PUNCT
cblr-1730	148	34	2006	2006	NUM
cblr-1730	148	35	)	)	PUNCT
cblr-1730	148	36	.	.	PUNCT
cblr-1730	149	1	45	45	NUM
cblr-1730	149	2	see	see	VERB
cblr-1730	149	3	investment	investment	NOUN
cblr-1730	149	4	advisers	adviser	NOUN
cblr-1730	149	5	act	act	VERB
cblr-1730	149	6	of	of	ADP
cblr-1730	149	7	1940	1940	NUM
cblr-1730	149	8	,	,	PUNCT
cblr-1730	149	9	15	15	NUM
cblr-1730	149	10	u.s.c	u.s.c	ADJ
cblr-1730	149	11	.	.	PUNCT
cblr-1730	150	1	§	§	PROPN
cblr-1730	150	2	80b-2	80b-2	PROPN
cblr-1730	150	3	(	(	PUNCT
cblr-1730	150	4	2012	2012	NUM
cblr-1730	150	5	)	)	PUNCT
cblr-1730	150	6	;	;	PUNCT
cblr-1730	150	7	securities	security	NOUN
cblr-1730	150	8	exchange	exchange	PROPN
cblr-1730	150	9	act	act	NOUN
cblr-1730	150	10	of	of	ADP
cblr-1730	150	11	1934	1934	NUM
cblr-1730	150	12	,	,	PUNCT
cblr-1730	150	13	15	15	NUM
cblr-1730	150	14	u.s.c	u.s.c	ADJ
cblr-1730	150	15	.	.	PUNCT
cblr-1730	151	1	§	§	PROPN
cblr-1730	151	2	78o	78o	NUM
cblr-1730	151	3	(	(	PUNCT
cblr-1730	151	4	2012	2012	NUM
cblr-1730	151	5	)	)	PUNCT
cblr-1730	151	6	.	.	PUNCT
cblr-1730	152	1	smith	smith	PROPN
cblr-1730	152	2	–	–	PUNCT
cblr-1730	152	3	final	final	ADJ
cblr-1730	152	4	1210	1210	NUM
cblr-1730	152	5	columbia	columbia	PROPN
cblr-1730	152	6	business	business	NOUN
cblr-1730	152	7	law	law	PROPN
cblr-1730	152	8	review	review	NOUN
cblr-1730	152	9	[	[	X
cblr-1730	152	10	vol	vol	NOUN
cblr-1730	152	11	.	.	NOUN
cblr-1730	152	12	2017	2017	NUM
cblr-1730	152	13	in	in	ADP
cblr-1730	152	14	fact	fact	NOUN
cblr-1730	152	15	,	,	PUNCT
cblr-1730	152	16	online	online	ADJ
cblr-1730	152	17	platforms	platform	NOUN
cblr-1730	152	18	require	require	VERB
cblr-1730	152	19	investors	investor	NOUN
cblr-1730	152	20	to	to	PART
cblr-1730	152	21	sign	sign	VERB
cblr-1730	152	22	investor	investor	NOUN
cblr-1730	152	23	agreements	agreement	NOUN
cblr-1730	152	24	,	,	PUNCT
cblr-1730	152	25	which	which	PRON
cblr-1730	152	26	effectively	effectively	ADV
cblr-1730	152	27	exempt	exempt	VERB
cblr-1730	152	28	the	the	DET
cblr-1730	152	29	online	online	ADJ
cblr-1730	152	30	platforms	platform	NOUN
cblr-1730	152	31	from	from	ADP
cblr-1730	152	32	fiduciary	fiduciary	ADJ
cblr-1730	152	33	obligations.46	obligations.46	NOUN
cblr-1730	152	34	these	these	DET
cblr-1730	152	35	agreements	agreement	NOUN
cblr-1730	152	36	additionally	additionally	ADV
cblr-1730	152	37	state	state	VERB
cblr-1730	152	38	that	that	SCONJ
cblr-1730	152	39	,	,	PUNCT
cblr-1730	152	40	unlike	unlike	ADP
cblr-1730	152	41	advisers	adviser	NOUN
cblr-1730	152	42	and	and	CCONJ
cblr-1730	152	43	brokers	broker	NOUN
cblr-1730	152	44	,	,	PUNCT
cblr-1730	152	45	online	online	ADJ
cblr-1730	152	46	platforms	platform	NOUN
cblr-1730	152	47	do	do	AUX
cblr-1730	152	48	not	not	PART
cblr-1730	152	49	provide	provide	VERB
cblr-1730	152	50	any	any	DET
cblr-1730	152	51	“	"	PUNCT
cblr-1730	152	52	advice	advice	NOUN
cblr-1730	152	53	”	"	PUNCT
cblr-1730	152	54	or	or	CCONJ
cblr-1730	152	55	“	"	PUNCT
cblr-1730	152	56	recommendations	recommendation	NOUN
cblr-1730	152	57	.	.	PUNCT
cblr-1730	153	1	”47	”47	VERB
cblr-1730	153	2	yet	yet	ADV
cblr-1730	153	3	in	in	ADP
cblr-1730	153	4	some	some	DET
cblr-1730	153	5	instances	instance	NOUN
cblr-1730	153	6	the	the	DET
cblr-1730	153	7	investor	investor	NOUN
cblr-1730	153	8	can	can	AUX
cblr-1730	153	9	input	input	VERB
cblr-1730	153	10	various	various	ADJ
cblr-1730	153	11	search	search	NOUN
cblr-1730	153	12	criteria	criterion	NOUN
cblr-1730	153	13	,	,	PUNCT
cblr-1730	153	14	which	which	PRON
cblr-1730	153	15	amounts	amount	VERB
cblr-1730	153	16	to	to	ADP
cblr-1730	153	17	virtually	virtually	ADV
cblr-1730	153	18	asking	ask	VERB
cblr-1730	153	19	the	the	DET
cblr-1730	153	20	online	online	ADJ
cblr-1730	153	21	platform	platform	NOUN
cblr-1730	153	22	for	for	ADP
cblr-1730	153	23	advice	advice	NOUN
cblr-1730	153	24	or	or	CCONJ
cblr-1730	153	25	recommendations	recommendation	NOUN
cblr-1730	153	26	based	base	VERB
cblr-1730	153	27	on	on	ADP
cblr-1730	153	28	the	the	DET
cblr-1730	153	29	multitude	multitude	NOUN
cblr-1730	153	30	of	of	ADP
cblr-1730	153	31	inputs	input	NOUN
cblr-1730	153	32	provided	provide	VERB
cblr-1730	153	33	by	by	ADP
cblr-1730	153	34	the	the	DET
cblr-1730	153	35	investor.48	investor.48	PROPN
cblr-1730	153	36	online	online	ADJ
cblr-1730	153	37	brokerage	brokerage	NOUN
cblr-1730	153	38	search	search	NOUN
cblr-1730	153	39	or	or	CCONJ
cblr-1730	153	40	strategy	strategy	NOUN
cblr-1730	153	41	features	feature	NOUN
cblr-1730	153	42	often	often	ADV
cblr-1730	153	43	include	include	VERB
cblr-1730	153	44	additional	additional	ADJ
cblr-1730	153	45	disclaimers	disclaimer	NOUN
cblr-1730	153	46	against	against	ADP
cblr-1730	153	47	providing	provide	VERB
cblr-1730	153	48	advice	advice	NOUN
cblr-1730	153	49	or	or	CCONJ
cblr-1730	153	50	recommendations.49	recommendations.49	NOUN
cblr-1730	153	51	but	but	CCONJ
cblr-1730	153	52	they	they	PRON
cblr-1730	153	53	are	be	AUX
cblr-1730	153	54	strikingly	strikingly	ADV
cblr-1730	153	55	similar	similar	ADJ
cblr-1730	153	56	to	to	ADP
cblr-1730	153	57	how	how	SCONJ
cblr-1730	153	58	investors	investor	NOUN
cblr-1730	153	59	historically	historically	ADV
cblr-1730	153	60	have	have	AUX
cblr-1730	153	61	provided	provide	VERB
cblr-1730	153	62	information	information	NOUN
cblr-1730	153	63	to	to	ADP
cblr-1730	153	64	their	their	PRON
cblr-1730	153	65	brokers	broker	NOUN
cblr-1730	153	66	—	—	PUNCT
cblr-1730	153	67	information	information	NOUN
cblr-1730	153	68	that	that	PRON
cblr-1730	153	69	brokers	broker	NOUN
cblr-1730	153	70	then	then	ADV
cblr-1730	153	71	use	use	VERB
cblr-1730	153	72	as	as	ADP
cblr-1730	153	73	a	a	DET
cblr-1730	153	74	basis	basis	NOUN
cblr-1730	153	75	for	for	ADP
cblr-1730	153	76	their	their	PRON
cblr-1730	153	77	advice	advice	NOUN
cblr-1730	153	78	or	or	CCONJ
cblr-1730	153	79	securities	security	NOUN
cblr-1730	153	80	recommendations	recommendation	NOUN
cblr-1730	153	81	.	.	PUNCT
cblr-1730	154	1	in	in	ADP
cblr-1730	154	2	fact	fact	NOUN
cblr-1730	154	3	,	,	PUNCT
cblr-1730	154	4	many	many	ADJ
cblr-1730	154	5	online	online	ADJ
cblr-1730	154	6	platforms	platform	NOUN
cblr-1730	154	7	do	do	AUX
cblr-1730	154	8	have	have	VERB
cblr-1730	154	9	services	service	NOUN
cblr-1730	154	10	which	which	PRON
cblr-1730	154	11	allow	allow	VERB
cblr-1730	154	12	customers	customer	NOUN
cblr-1730	154	13	to	to	PART
cblr-1730	154	14	communicate	communicate	VERB
cblr-1730	154	15	directly	directly	ADV
cblr-1730	154	16	with	with	ADP
cblr-1730	154	17	brokers	broker	NOUN
cblr-1730	154	18	about	about	ADP
cblr-1730	154	19	their	their	PRON
cblr-1730	154	20	accounts	account	NOUN
cblr-1730	154	21	as	as	ADV
cblr-1730	154	22	well	well	ADV
cblr-1730	154	23	as	as	ADP
cblr-1730	154	24	notification	notification	NOUN
cblr-1730	154	25	and	and	CCONJ
cblr-1730	154	26	email	email	NOUN
cblr-1730	154	27	components	component	NOUN
cblr-1730	154	28	that	that	SCONJ
cblr-1730	154	29	“	"	PUNCT
cblr-1730	154	30	socially	socially	ADV
cblr-1730	154	31	and	and	CCONJ
cblr-1730	154	32	personally	personally	ADV
cblr-1730	154	33	”	"	PUNCT
cblr-1730	154	34	engage	engage	VERB
cblr-1730	154	35	with	with	ADP
cblr-1730	154	36	the	the	DET
cblr-1730	154	37	customer	customer	NOUN
cblr-1730	154	38	about	about	ADP
cblr-1730	154	39	products	product	NOUN
cblr-1730	154	40	,	,	PUNCT
cblr-1730	154	41	services	service	NOUN
cblr-1730	154	42	,	,	PUNCT
cblr-1730	154	43	and	and	CCONJ
cblr-1730	154	44	trainings.50	trainings.50	PROPN
cblr-1730	154	45	46	46	NUM
cblr-1730	154	46	brokerage	brokerage	NOUN
cblr-1730	154	47	account	account	NOUN
cblr-1730	154	48	agreement	agreement	NOUN
cblr-1730	154	49	,	,	PUNCT
cblr-1730	154	50	scottrade	scottrade	NOUN
cblr-1730	154	51	,	,	PUNCT
cblr-1730	154	52	https://www.scottrade.com/documents/alt/111_brokaccagreement.pdf	https://www.scottrade.com/documents/alt/111_brokaccagreement.pdf	PROPN
cblr-1730	154	53	[	[	X
cblr-1730	154	54	perma.cc/jw2g4wh4	perma.cc/jw2g4wh4	X
cblr-1730	154	55	]	]	PUNCT
cblr-1730	154	56	.	.	PUNCT
cblr-1730	155	1	see	see	VERB
cblr-1730	155	2	also	also	ADV
cblr-1730	155	3	williams	williams	PROPN
cblr-1730	155	4	,	,	PUNCT
cblr-1730	155	5	2006	2006	NUM
cblr-1730	155	6	wl	wl	NOUN
cblr-1730	155	7	2077588	2077588	NUM
cblr-1730	155	8	,	,	PUNCT
cblr-1730	155	9	at	at	ADP
cblr-1730	155	10	*	*	PROPN
cblr-1730	155	11	4–5	4–5	NUM
cblr-1730	155	12	.	.	PUNCT
cblr-1730	155	13	47	47	NUM
cblr-1730	155	14	brokerage	brokerage	NOUN
cblr-1730	155	15	account	account	NOUN
cblr-1730	155	16	agreement	agreement	NOUN
cblr-1730	155	17	,	,	PUNCT
cblr-1730	155	18	supra	supra	PROPN
cblr-1730	155	19	note	note	NOUN
cblr-1730	155	20	46	46	NUM
cblr-1730	155	21	,	,	PUNCT
cblr-1730	155	22	at	at	ADP
cblr-1730	155	23	2	2	NUM
cblr-1730	155	24	;	;	PUNCT
cblr-1730	155	25	williams	williams	PROPN
cblr-1730	155	26	,	,	PUNCT
cblr-1730	155	27	2006	2006	NUM
cblr-1730	155	28	wl	wl	NOUN
cblr-1730	155	29	2077588	2077588	NUM
cblr-1730	155	30	,	,	PUNCT
cblr-1730	155	31	*	*	PUNCT
cblr-1730	155	32	4–5	4–5	X
cblr-1730	155	33	.	.	NOUN
cblr-1730	155	34	48	48	NUM
cblr-1730	155	35	see	see	VERB
cblr-1730	155	36	generally	generally	ADV
cblr-1730	155	37	trader	trader	NOUN
cblr-1730	155	38	tools	tool	NOUN
cblr-1730	155	39	,	,	PUNCT
cblr-1730	155	40	optionsxpress	optionsxpress	NOUN
cblr-1730	155	41	,	,	PUNCT
cblr-1730	155	42	https://onlineint.optionsxpress.com/toolbox/	https://onlineint.optionsxpress.com/toolbox/	X
cblr-1730	156	1	[	[	X
cblr-1730	156	2	perma.cc/9klb-eapq	perma.cc/9klb-eapq	X
cblr-1730	156	3	]	]	X
cblr-1730	156	4	(	(	PUNCT
cblr-1730	156	5	demonstrating	demonstrate	VERB
cblr-1730	156	6	online	online	ADJ
cblr-1730	156	7	and	and	CCONJ
cblr-1730	156	8	mobile	mobile	ADJ
cblr-1730	156	9	trading	trading	NOUN
cblr-1730	156	10	tools	tool	NOUN
cblr-1730	156	11	available	available	ADJ
cblr-1730	156	12	on	on	ADP
cblr-1730	156	13	optionsxpress	optionsxpress	ADJ
cblr-1730	156	14	,	,	PUNCT
cblr-1730	156	15	such	such	ADJ
cblr-1730	156	16	as	as	ADP
cblr-1730	156	17	“	"	PUNCT
cblr-1730	156	18	idea	idea	NOUN
cblr-1730	156	19	hubtm	hubtm	PROPN
cblr-1730	156	20	,	,	PUNCT
cblr-1730	156	21	”	"	PUNCT
cblr-1730	156	22	“	"	PUNCT
cblr-1730	156	23	screenersm	screenersm	ADJ
cblr-1730	156	24	,	,	PUNCT
cblr-1730	156	25	”	"	PUNCT
cblr-1730	156	26	“	"	PUNCT
cblr-1730	156	27	strategyscan	strategyscan	ADJ
cblr-1730	156	28	,	,	PUNCT
cblr-1730	156	29	”	"	PUNCT
cblr-1730	156	30	“	"	PUNCT
cblr-1730	156	31	dragon	dragon	NOUN
cblr-1730	156	32	,	,	PUNCT
cblr-1730	156	33	”	"	PUNCT
cblr-1730	156	34	“	"	PUNCT
cblr-1730	156	35	trade	trade	NOUN
cblr-1730	156	36	calculator	calculator	NOUN
cblr-1730	156	37	,	,	PUNCT
cblr-1730	156	38	”	"	PUNCT
cblr-1730	156	39	“	"	PUNCT
cblr-1730	156	40	pricer	pric	ADJ
cblr-1730	156	41	,	,	PUNCT
cblr-1730	156	42	”	"	PUNCT
cblr-1730	156	43	and	and	CCONJ
cblr-1730	156	44	“	"	PUNCT
cblr-1730	156	45	position	position	NOUN
cblr-1730	156	46	analyzer	analyzer	NOUN
cblr-1730	156	47	,	,	PUNCT
cblr-1730	156	48	”	"	PUNCT
cblr-1730	156	49	all	all	PRON
cblr-1730	156	50	of	of	ADP
cblr-1730	156	51	which	which	PRON
cblr-1730	156	52	allow	allow	VERB
cblr-1730	156	53	their	their	PRON
cblr-1730	156	54	clients	client	NOUN
cblr-1730	156	55	to	to	PART
cblr-1730	156	56	apply	apply	VERB
cblr-1730	156	57	various	various	ADJ
cblr-1730	156	58	trade	trade	NOUN
cblr-1730	156	59	inputs	input	NOUN
cblr-1730	156	60	in	in	ADP
cblr-1730	156	61	exchange	exchange	NOUN
cblr-1730	156	62	for	for	ADP
cblr-1730	156	63	feedback	feedback	NOUN
cblr-1730	156	64	from	from	ADP
cblr-1730	156	65	the	the	DET
cblr-1730	156	66	online	online	ADJ
cblr-1730	156	67	platform	platform	NOUN
cblr-1730	156	68	)	)	PUNCT
cblr-1730	156	69	.	.	PUNCT
cblr-1730	157	1	49	49	NUM
cblr-1730	157	2	see	see	VERB
cblr-1730	157	3	strategy	strategy	NOUN
cblr-1730	157	4	screener	screener	NOUN
cblr-1730	157	5	guide	guide	NOUN
cblr-1730	157	6	,	,	PUNCT
cblr-1730	157	7	charles	charles	PROPN
cblr-1730	157	8	schwab	schwab	PROPN
cblr-1730	157	9	11	11	NUM
cblr-1730	157	10	(	(	PUNCT
cblr-1730	157	11	last	last	ADV
cblr-1730	157	12	accessed	access	VERB
cblr-1730	157	13	oct	oct	PROPN
cblr-1730	157	14	.	.	PROPN
cblr-1730	157	15	9	9	NUM
cblr-1730	157	16	,	,	PUNCT
cblr-1730	157	17	2017	2017	NUM
cblr-1730	157	18	)	)	PUNCT
cblr-1730	157	19	,	,	PUNCT
cblr-1730	157	20	https://client.schwab.com/areas/mvcglobal/global/modpdf	https://client.schwab.com/areas/mvcglobal/global/modpdf	NOUN
cblr-1730	157	21	handler?domaincode=0&path=%2ftradesource%2fcontent%2fdocume	handler?domaincode=0&path=%2ftradesource%2fcontent%2fdocume	NOUN
cblr-1730	157	22	nts%2fstrategyscreenerguide.pdf&name	nts%2fstrategyscreenerguide.pdf&name	PROPN
cblr-1730	157	23	=	=	SYM
cblr-1730	157	24	strategyscreenerguide.pdf	strategyscreenerguide.pdf	X
cblr-1730	157	25	.	.	NOUN
cblr-1730	157	26	50	50	NUM
cblr-1730	157	27	see	see	VERB
cblr-1730	157	28	generally	generally	ADV
cblr-1730	157	29	trader	trader	NOUN
cblr-1730	157	30	tools	tool	NOUN
cblr-1730	157	31	,	,	PUNCT
cblr-1730	157	32	supra	supra	PROPN
cblr-1730	157	33	note	note	NOUN
cblr-1730	157	34	48	48	NUM
cblr-1730	157	35	;	;	PUNCT
cblr-1730	157	36	free	free	ADJ
cblr-1730	157	37	webinar	webinar	NOUN
cblr-1730	157	38	,	,	PUNCT
cblr-1730	157	39	optionsxpress	optionsxpress	ADJ
cblr-1730	157	40	,	,	PUNCT
cblr-1730	157	41	http://www.optionsxpress.com/free_education/webinars.aspx	http://www.optionsxpress.com/free_education/webinars.aspx	X
cblr-1730	158	1	[	[	X
cblr-1730	158	2	perma.cc/8fw6-tlhl	perma.cc/8fw6-tlhl	NOUN
cblr-1730	158	3	]	]	X
cblr-1730	158	4	;	;	PUNCT
cblr-1730	158	5	how	how	SCONJ
cblr-1730	158	6	we	we	PRON
cblr-1730	158	7	can	can	AUX
cblr-1730	158	8	help	help	VERB
cblr-1730	158	9	,	,	PUNCT
cblr-1730	158	10	optionsxpress	optionsxpress	ADV
cblr-1730	158	11	,	,	PUNCT
cblr-1730	158	12	https://onlineint.optionsxpress.com/login/login.aspx?sessionid=&start_page_client=/oxnettools/toolbox/dragon/dragon_stock	https://onlineint.optionsxpress.com/login/login.aspx?sessionid=&start_page_client=/oxnettools/toolbox/dragon/dragon_stock	NOUN
cblr-1730	158	13	.aspx&r=1	.aspx&r=1	PUNCT
cblr-1730	159	1	[	[	X
cblr-1730	159	2	perma.cc/	perma.cc/	NOUN
cblr-1730	159	3	9klb	9klb	NOUN
cblr-1730	159	4	-	-	PUNCT
cblr-1730	159	5	eapq	eapq	NOUN
cblr-1730	159	6	]	]	PUNCT
cblr-1730	159	7	.	.	PUNCT
cblr-1730	160	1	smith	smith	PROPN
cblr-1730	160	2	–	–	PUNCT
cblr-1730	160	3	final	final	ADJ
cblr-1730	160	4	no	no	NOUN
cblr-1730	160	5	.	.	PUNCT
cblr-1730	161	1	3:1200	3:1200	NUM
cblr-1730	161	2	]	]	X
cblr-1730	161	3	a	a	DET
cblr-1730	161	4	uniform	uniform	ADJ
cblr-1730	161	5	fiduciary	fiduciary	ADJ
cblr-1730	161	6	duty	duty	NOUN
cblr-1730	161	7	1211	1211	NUM
cblr-1730	161	8	even	even	ADV
cblr-1730	161	9	without	without	ADP
cblr-1730	161	10	the	the	DET
cblr-1730	161	11	investor	investor	NOUN
cblr-1730	161	12	’s	’s	PART
cblr-1730	161	13	later	later	ADJ
cblr-1730	161	14	input	input	NOUN
cblr-1730	161	15	,	,	PUNCT
cblr-1730	161	16	online	online	ADJ
cblr-1730	161	17	platforms	platform	NOUN
cblr-1730	161	18	collect	collect	VERB
cblr-1730	161	19	information	information	NOUN
cblr-1730	161	20	including	include	VERB
cblr-1730	161	21	the	the	DET
cblr-1730	161	22	age	age	NOUN
cblr-1730	161	23	,	,	PUNCT
cblr-1730	161	24	education	education	NOUN
cblr-1730	161	25	,	,	PUNCT
cblr-1730	161	26	and	and	CCONJ
cblr-1730	161	27	investment	investment	NOUN
cblr-1730	161	28	experience	experience	NOUN
cblr-1730	161	29	of	of	ADP
cblr-1730	161	30	clients	client	NOUN
cblr-1730	161	31	during	during	ADP
cblr-1730	161	32	account	account	NOUN
cblr-1730	161	33	creation	creation	NOUN
cblr-1730	161	34	.	.	PUNCT
cblr-1730	162	1	further	far	ADV
cblr-1730	162	2	,	,	PUNCT
cblr-1730	162	3	online	online	ADJ
cblr-1730	162	4	platforms	platform	NOUN
cblr-1730	162	5	in	in	ADP
cblr-1730	162	6	effect	effect	NOUN
cblr-1730	162	7	communicate	communicate	VERB
cblr-1730	162	8	and	and	CCONJ
cblr-1730	162	9	involve	involve	VERB
cblr-1730	162	10	themselves	themselves	PRON
cblr-1730	162	11	with	with	ADP
cblr-1730	162	12	their	their	PRON
cblr-1730	162	13	clients	client	NOUN
cblr-1730	162	14	’	’	PART
cblr-1730	162	15	transactions	transaction	NOUN
cblr-1730	162	16	through	through	ADP
cblr-1730	162	17	the	the	DET
cblr-1730	162	18	information	information	NOUN
cblr-1730	162	19	they	they	PRON
cblr-1730	162	20	choose	choose	VERB
cblr-1730	162	21	to	to	PART
cblr-1730	162	22	display	display	VERB
cblr-1730	162	23	most	most	ADV
cblr-1730	162	24	prominently	prominently	ADV
cblr-1730	162	25	online	online	ADJ
cblr-1730	162	26	.	.	PUNCT
cblr-1730	163	1	decisions	decision	NOUN
cblr-1730	163	2	on	on	ADP
cblr-1730	163	3	how	how	SCONJ
cblr-1730	163	4	and	and	CCONJ
cblr-1730	163	5	where	where	SCONJ
cblr-1730	163	6	to	to	PART
cblr-1730	163	7	display	display	VERB
cblr-1730	163	8	certain	certain	ADJ
cblr-1730	163	9	securities	security	NOUN
cblr-1730	163	10	instead	instead	ADV
cblr-1730	163	11	of	of	ADP
cblr-1730	163	12	others	other	NOUN
cblr-1730	163	13	can	can	AUX
cblr-1730	163	14	reasonably	reasonably	ADV
cblr-1730	163	15	be	be	AUX
cblr-1730	163	16	said	say	VERB
cblr-1730	163	17	to	to	PART
cblr-1730	163	18	influence	influence	VERB
cblr-1730	163	19	the	the	DET
cblr-1730	163	20	decisions	decision	NOUN
cblr-1730	163	21	of	of	ADP
cblr-1730	163	22	some	some	DET
cblr-1730	163	23	inexperienced	inexperienced	ADJ
cblr-1730	163	24	or	or	CCONJ
cblr-1730	163	25	uneducated	uneducated	ADJ
cblr-1730	163	26	investors	investor	NOUN
cblr-1730	163	27	.	.	PUNCT
cblr-1730	164	1	therefore	therefore	ADV
cblr-1730	164	2	,	,	PUNCT
cblr-1730	164	3	looking	look	VERB
cblr-1730	164	4	to	to	ADP
cblr-1730	164	5	leib	leib	PROPN
cblr-1730	164	6	v.	v.	PROPN
cblr-1730	164	7	merrill	merrill	PROPN
cblr-1730	164	8	lynch	lynch	PROPN
cblr-1730	164	9	,	,	PUNCT
cblr-1730	164	10	the	the	DET
cblr-1730	164	11	same	same	ADJ
cblr-1730	164	12	potential	potential	NOUN
cblr-1730	164	13	for	for	ADP
cblr-1730	164	14	de	de	X
cblr-1730	164	15	facto	facto	X
cblr-1730	164	16	control	control	NOUN
cblr-1730	164	17	is	be	AUX
cblr-1730	164	18	present	present	ADJ
cblr-1730	164	19	for	for	ADP
cblr-1730	164	20	online	online	ADJ
cblr-1730	164	21	platforms	platform	NOUN
cblr-1730	164	22	as	as	SCONJ
cblr-1730	164	23	it	it	PRON
cblr-1730	164	24	is	be	AUX
cblr-1730	164	25	for	for	ADP
cblr-1730	164	26	brokers	broker	NOUN
cblr-1730	164	27	,	,	PUNCT
cblr-1730	164	28	even	even	ADV
cblr-1730	164	29	if	if	SCONJ
cblr-1730	164	30	the	the	DET
cblr-1730	164	31	investor	investor	NOUN
cblr-1730	164	32	technically	technically	ADV
cblr-1730	164	33	maintains	maintain	VERB
cblr-1730	164	34	the	the	DET
cblr-1730	164	35	final	final	ADJ
cblr-1730	164	36	decision.51	decision.51	NOUN
cblr-1730	164	37	the	the	DET
cblr-1730	164	38	trust	trust	NOUN
cblr-1730	164	39	-	-	PUNCT
cblr-1730	164	40	based	base	VERB
cblr-1730	164	41	relationships	relationship	NOUN
cblr-1730	164	42	created	create	VERB
cblr-1730	164	43	by	by	ADP
cblr-1730	164	44	de	de	X
cblr-1730	164	45	facto	facto	X
cblr-1730	164	46	control	control	NOUN
cblr-1730	164	47	mirror	mirror	VERB
cblr-1730	164	48	those	those	PRON
cblr-1730	164	49	of	of	ADP
cblr-1730	164	50	accounts	account	NOUN
cblr-1730	164	51	granting	grant	VERB
cblr-1730	164	52	discretionary	discretionary	ADJ
cblr-1730	164	53	control	control	NOUN
cblr-1730	164	54	and	and	CCONJ
cblr-1730	164	55	are	be	AUX
cblr-1730	164	56	thus	thus	ADV
cblr-1730	164	57	the	the	DET
cblr-1730	164	58	basis	basis	NOUN
cblr-1730	164	59	for	for	ADP
cblr-1730	164	60	expanding	expand	VERB
cblr-1730	164	61	fiduciary	fiduciary	ADJ
cblr-1730	164	62	duties.52	duties.52	NOUN
cblr-1730	164	63	finally	finally	ADV
cblr-1730	164	64	,	,	PUNCT
cblr-1730	164	65	few	few	ADJ
cblr-1730	164	66	restrictions	restriction	NOUN
cblr-1730	164	67	exist	exist	VERB
cblr-1730	164	68	on	on	ADP
cblr-1730	164	69	who	who	PRON
cblr-1730	164	70	can	can	AUX
cblr-1730	164	71	sign	sign	VERB
cblr-1730	164	72	up	up	ADP
cblr-1730	164	73	for	for	ADP
cblr-1730	164	74	online	online	ADJ
cblr-1730	164	75	investing	investing	NOUN
cblr-1730	164	76	platforms.53	platforms.53	NOUN
cblr-1730	164	77	for	for	ADP
cblr-1730	164	78	example	example	NOUN
cblr-1730	164	79	,	,	PUNCT
cblr-1730	164	80	charles	charles	PROPN
cblr-1730	164	81	schwab	schwab	PROPN
cblr-1730	164	82	only	only	ADV
cblr-1730	164	83	requires	require	VERB
cblr-1730	164	84	a	a	DET
cblr-1730	164	85	permanent	permanent	ADJ
cblr-1730	164	86	u.s	u.s	PROPN
cblr-1730	164	87	.	.	PROPN
cblr-1730	164	88	residence	residence	NOUN
cblr-1730	164	89	address	address	NOUN
cblr-1730	164	90	,	,	PUNCT
cblr-1730	164	91	a	a	DET
cblr-1730	164	92	social	social	ADJ
cblr-1730	164	93	security	security	NOUN
cblr-1730	164	94	number	number	NOUN
cblr-1730	164	95	or	or	CCONJ
cblr-1730	164	96	tax	tax	NOUN
cblr-1730	164	97	identification	identification	NOUN
cblr-1730	164	98	number	number	NOUN
cblr-1730	164	99	,	,	PUNCT
cblr-1730	164	100	and	and	CCONJ
cblr-1730	164	101	an	an	DET
cblr-1730	164	102	employer	employer	NOUN
cblr-1730	164	103	’s	’s	PART
cblr-1730	164	104	name	name	NOUN
cblr-1730	164	105	and	and	CCONJ
cblr-1730	164	106	mailing	mailing	NOUN
cblr-1730	164	107	address	address	NOUN
cblr-1730	164	108	(	(	PUNCT
cblr-1730	164	109	if	if	SCONJ
cblr-1730	164	110	applicable	applicable	ADJ
cblr-1730	164	111	)	)	PUNCT
cblr-1730	164	112	to	to	PART
cblr-1730	164	113	open	open	VERB
cblr-1730	164	114	an	an	DET
cblr-1730	164	115	individual	individual	ADJ
cblr-1730	164	116	brokerage	brokerage	NOUN
cblr-1730	164	117	account.54	account.54	PROPN
cblr-1730	164	118	thus	thus	ADV
cblr-1730	164	119	it	it	PRON
cblr-1730	164	120	is	be	AUX
cblr-1730	164	121	readily	readily	ADV
cblr-1730	164	122	apparent	apparent	ADJ
cblr-1730	164	123	that	that	SCONJ
cblr-1730	164	124	both	both	CCONJ
cblr-1730	164	125	brokers	broker	NOUN
cblr-1730	164	126	and	and	CCONJ
cblr-1730	164	127	online	online	ADJ
cblr-1730	164	128	platforms	platform	NOUN
cblr-1730	164	129	could	could	AUX
cblr-1730	164	130	face	face	VERB
cblr-1730	164	131	the	the	DET
cblr-1730	164	132	kind	kind	NOUN
cblr-1730	164	133	of	of	ADP
cblr-1730	164	134	“	"	PUNCT
cblr-1730	164	135	special	special	ADJ
cblr-1730	164	136	circumstances	circumstance	NOUN
cblr-1730	164	137	,	,	PUNCT
cblr-1730	164	138	”	"	PUNCT
cblr-1730	164	139	such	such	ADJ
cblr-1730	164	140	as	as	ADP
cblr-1730	164	141	the	the	DET
cblr-1730	164	142	impaired	impaired	ADJ
cblr-1730	164	143	faculties	faculty	NOUN
cblr-1730	164	144	of	of	ADP
cblr-1730	164	145	a	a	DET
cblr-1730	164	146	customer	customer	NOUN
cblr-1730	164	147	,	,	PUNCT
cblr-1730	164	148	that	that	PRON
cblr-1730	164	149	have	have	AUX
cblr-1730	164	150	led	lead	VERB
cblr-1730	164	151	courts	court	NOUN
cblr-1730	164	152	to	to	PART
cblr-1730	164	153	extend	extend	VERB
cblr-1730	164	154	fiduciary	fiduciary	ADJ
cblr-1730	164	155	duties	duty	NOUN
cblr-1730	164	156	in	in	ADP
cblr-1730	164	157	the	the	DET
cblr-1730	164	158	past.55	past.55	NOUN
cblr-1730	164	159	although	although	SCONJ
cblr-1730	164	160	it	it	PRON
cblr-1730	164	161	has	have	AUX
cblr-1730	164	162	never	never	ADV
cblr-1730	164	163	been	be	AUX
cblr-1730	164	164	litigated	litigate	VERB
cblr-1730	164	165	,	,	PUNCT
cblr-1730	164	166	it	it	PRON
cblr-1730	164	167	can	can	AUX
cblr-1730	164	168	be	be	AUX
cblr-1730	164	169	reasonably	reasonably	ADV
cblr-1730	164	170	assumed	assume	VERB
cblr-1730	164	171	that	that	SCONJ
cblr-1730	164	172	courts	court	NOUN
cblr-1730	164	173	might	might	AUX
cblr-1730	164	174	hold	hold	VERB
cblr-1730	164	175	online	online	ADJ
cblr-1730	164	176	investing	investing	NOUN
cblr-1730	164	177	platforms	platform	NOUN
cblr-1730	164	178	to	to	ADP
cblr-1730	164	179	the	the	DET
cblr-1730	164	180	same	same	ADJ
cblr-1730	164	181	suitability	suitability	NOUN
cblr-1730	164	182	rule	rule	NOUN
cblr-1730	164	183	applied	apply	VERB
cblr-1730	164	184	to	to	ADP
cblr-1730	164	185	individual	individual	ADJ
cblr-1730	164	186	brokers	broker	NOUN
cblr-1730	164	187	.	.	PUNCT
cblr-1730	165	1	based	base	VERB
cblr-1730	165	2	on	on	ADP
cblr-1730	165	3	precedent	precedent	NOUN
cblr-1730	165	4	,	,	PUNCT
cblr-1730	165	5	this	this	PRON
cblr-1730	165	6	would	would	AUX
cblr-1730	165	7	mean	mean	VERB
cblr-1730	165	8	that	that	SCONJ
cblr-1730	165	9	,	,	PUNCT
cblr-1730	165	10	in	in	ADP
cblr-1730	165	11	many	many	ADJ
cblr-1730	165	12	jurisdictions	jurisdiction	NOUN
cblr-1730	165	13	,	,	PUNCT
cblr-1730	165	14	online	online	ADJ
cblr-1730	165	15	platforms	platform	NOUN
cblr-1730	165	16	would	would	AUX
cblr-1730	165	17	be	be	AUX
cblr-1730	165	18	held	hold	VERB
cblr-1730	165	19	to	to	ADP
cblr-1730	165	20	a	a	DET
cblr-1730	165	21	standard	standard	NOUN
cblr-1730	165	22	that	that	PRON
cblr-1730	165	23	re	re	VERB
cblr-1730	165	24	51	51	NUM
cblr-1730	165	25	leib	leib	PROPN
cblr-1730	165	26	v.	v.	ADP
cblr-1730	165	27	merrill	merrill	PROPN
cblr-1730	165	28	lynch	lynch	PROPN
cblr-1730	165	29	,	,	PUNCT
cblr-1730	165	30	pierce	pierce	PROPN
cblr-1730	165	31	,	,	PUNCT
cblr-1730	165	32	fenner	fenner	PROPN
cblr-1730	165	33	&	&	CCONJ
cblr-1730	165	34	smith	smith	PROPN
cblr-1730	165	35	,	,	PUNCT
cblr-1730	165	36	inc	inc	PROPN
cblr-1730	165	37	.	.	PROPN
cblr-1730	165	38	,	,	PUNCT
cblr-1730	165	39	461	461	NUM
cblr-1730	165	40	f.	f.	PROPN
cblr-1730	165	41	supp	supp	PROPN
cblr-1730	165	42	.	.	PUNCT
cblr-1730	166	1	951	951	NUM
cblr-1730	166	2	,	,	PUNCT
cblr-1730	166	3	953	953	NUM
cblr-1730	166	4	(	(	PUNCT
cblr-1730	166	5	e.d	e.d	PROPN
cblr-1730	166	6	.	.	PROPN
cblr-1730	166	7	mich	mich	PROPN
cblr-1730	166	8	.	.	PROPN
cblr-1730	166	9	1978	1978	NUM
cblr-1730	166	10	)	)	PUNCT
cblr-1730	166	11	,	,	PUNCT
cblr-1730	166	12	aff’d	aff’d	VERB
cblr-1730	166	13	,	,	PUNCT
cblr-1730	166	14	647	647	NUM
cblr-1730	166	15	f.2d	f.2d	NOUN
cblr-1730	166	16	165	165	NUM
cblr-1730	166	17	(	(	PUNCT
cblr-1730	166	18	6th	6th	ADJ
cblr-1730	166	19	cir	cir	NOUN
cblr-1730	166	20	.	.	PUNCT
cblr-1730	166	21	1981	1981	NUM
cblr-1730	166	22	)	)	PUNCT
cblr-1730	166	23	.	.	PUNCT
cblr-1730	167	1	52	52	NUM
cblr-1730	167	2	see	see	VERB
cblr-1730	167	3	edwards	edwards	PROPN
cblr-1730	167	4	,	,	PUNCT
cblr-1730	167	5	supra	supra	PROPN
cblr-1730	167	6	note	note	NOUN
cblr-1730	167	7	2	2	NUM
cblr-1730	167	8	,	,	PUNCT
cblr-1730	167	9	at	at	ADP
cblr-1730	167	10	114–115	114–115	NUM
cblr-1730	167	11	.	.	PUNCT
cblr-1730	168	1	53	53	NUM
cblr-1730	168	2	open	open	VERB
cblr-1730	168	3	an	an	DET
cblr-1730	168	4	account	account	NOUN
cblr-1730	168	5	,	,	PUNCT
cblr-1730	168	6	charles	charles	PROPN
cblr-1730	168	7	schwab	schwab	PROPN
cblr-1730	168	8	,	,	PUNCT
cblr-1730	168	9	http://www.schwab.com/public/schwab/investing/accounts_products/accounts/brokerage_account	http://www.schwab.com/public/schwab/investing/accounts_products/accounts/brokerage_account	PROPN
cblr-1730	169	1	[	[	X
cblr-1730	169	2	perma.cc/7l8h-l2qg	perma.cc/7l8h-l2qg	X
cblr-1730	169	3	]	]	X
cblr-1730	169	4	.	.	PUNCT
cblr-1730	170	1	54	54	NUM
cblr-1730	171	1	i	i	PRON
cblr-1730	171	2	d.	d.	PROPN
cblr-1730	171	3	55	55	NUM
cblr-1730	171	4	see	see	VERB
cblr-1730	171	5	de	de	X
cblr-1730	171	6	kwiatkowski	kwiatkowski	PROPN
cblr-1730	171	7	v.	v.	ADP
cblr-1730	171	8	bear	bear	PROPN
cblr-1730	171	9	,	,	PUNCT
cblr-1730	171	10	stearns	stearns	PROPN
cblr-1730	171	11	&	&	CCONJ
cblr-1730	171	12	co.	co.	PROPN
cblr-1730	171	13	,	,	PUNCT
cblr-1730	171	14	306	306	NUM
cblr-1730	171	15	f.3d	f.3d	NUM
cblr-1730	171	16	1293	1293	NUM
cblr-1730	171	17	,	,	PUNCT
cblr-1730	171	18	1308	1308	NUM
cblr-1730	171	19	(	(	PUNCT
cblr-1730	171	20	2d	2d	NUM
cblr-1730	171	21	cir	cir	NOUN
cblr-1730	171	22	.	.	PUNCT
cblr-1730	171	23	2002	2002	NUM
cblr-1730	171	24	)	)	PUNCT
cblr-1730	171	25	.	.	PUNCT
cblr-1730	172	1	smith	smith	PROPN
cblr-1730	172	2	–	–	PUNCT
cblr-1730	172	3	final	final	ADJ
cblr-1730	172	4	1212	1212	NUM
cblr-1730	172	5	columbia	columbia	PROPN
cblr-1730	172	6	business	business	NOUN
cblr-1730	172	7	law	law	PROPN
cblr-1730	172	8	review	review	NOUN
cblr-1730	173	1	[	[	X
cblr-1730	173	2	vol	vol	NOUN
cblr-1730	173	3	.	.	PUNCT
cblr-1730	173	4	2017	2017	NUM
cblr-1730	173	5	quires	quire	VERB
cblr-1730	173	6	recommendations	recommendation	NOUN
cblr-1730	173	7	to	to	PART
cblr-1730	173	8	be	be	AUX
cblr-1730	173	9	in	in	ADP
cblr-1730	173	10	their	their	PRON
cblr-1730	173	11	clients	client	NOUN
cblr-1730	173	12	“	"	PUNCT
cblr-1730	173	13	best	good	ADJ
cblr-1730	173	14	interests	interest	NOUN
cblr-1730	173	15	.	.	PUNCT
cblr-1730	174	1	”56	”56	PUNCT
cblr-1730	174	2	however	however	ADV
cblr-1730	174	3	,	,	PUNCT
cblr-1730	174	4	despite	despite	SCONJ
cblr-1730	174	5	the	the	DET
cblr-1730	174	6	similarities	similarity	NOUN
cblr-1730	174	7	between	between	ADP
cblr-1730	174	8	brokers	broker	NOUN
cblr-1730	174	9	and	and	CCONJ
cblr-1730	174	10	online	online	ADJ
cblr-1730	174	11	platforms	platform	NOUN
cblr-1730	174	12	,	,	PUNCT
cblr-1730	174	13	online	online	ADJ
cblr-1730	174	14	platforms	platform	NOUN
cblr-1730	174	15	are	be	AUX
cblr-1730	174	16	currently	currently	ADV
cblr-1730	174	17	subject	subject	ADJ
cblr-1730	174	18	to	to	ADP
cblr-1730	174	19	contract	contract	NOUN
cblr-1730	174	20	law	law	NOUN
cblr-1730	174	21	obligations	obligation	NOUN
cblr-1730	174	22	created	create	VERB
cblr-1730	174	23	in	in	ADP
cblr-1730	174	24	their	their	PRON
cblr-1730	174	25	investor	investor	NOUN
cblr-1730	174	26	agreements	agreement	NOUN
cblr-1730	174	27	rather	rather	ADV
cblr-1730	174	28	than	than	ADP
cblr-1730	174	29	to	to	ADP
cblr-1730	174	30	any	any	DET
cblr-1730	174	31	standard	standard	NOUN
cblr-1730	174	32	of	of	ADP
cblr-1730	174	33	care.57	care.57	NOUN
cblr-1730	174	34	the	the	DET
cblr-1730	174	35	addition	addition	NOUN
cblr-1730	174	36	of	of	ADP
cblr-1730	174	37	another	another	DET
cblr-1730	174	38	form	form	NOUN
cblr-1730	174	39	of	of	ADP
cblr-1730	174	40	financial	financial	ADJ
cblr-1730	174	41	adviser	adviser	NOUN
cblr-1730	174	42	offering	offer	VERB
cblr-1730	174	43	similar	similar	ADJ
cblr-1730	174	44	,	,	PUNCT
cblr-1730	174	45	if	if	SCONJ
cblr-1730	174	46	not	not	PART
cblr-1730	174	47	the	the	DET
cblr-1730	174	48	same	same	ADJ
cblr-1730	174	49	,	,	PUNCT
cblr-1730	174	50	services	service	NOUN
cblr-1730	174	51	yet	yet	ADV
cblr-1730	174	52	is	be	AUX
cblr-1730	174	53	subject	subject	ADJ
cblr-1730	174	54	to	to	ADP
cblr-1730	174	55	a	a	DET
cblr-1730	174	56	third	third	ADJ
cblr-1730	174	57	legal	legal	ADJ
cblr-1730	174	58	standard	standard	NOUN
cblr-1730	174	59	only	only	ADV
cblr-1730	174	60	exacerbates	exacerbate	VERB
cblr-1730	174	61	the	the	DET
cblr-1730	174	62	problems	problem	NOUN
cblr-1730	174	63	of	of	ADP
cblr-1730	174	64	consumer	consumer	NOUN
cblr-1730	174	65	confusion	confusion	NOUN
cblr-1730	174	66	,	,	PUNCT
cblr-1730	174	67	potential	potential	ADJ
cblr-1730	174	68	investor	investor	NOUN
cblr-1730	174	69	harm	harm	NOUN
cblr-1730	174	70	,	,	PUNCT
cblr-1730	174	71	and	and	CCONJ
cblr-1730	174	72	market	market	NOUN
cblr-1730	174	73	inefficiencies	inefficiency	NOUN
cblr-1730	174	74	.	.	PUNCT
cblr-1730	175	1	iii	iii	X
cblr-1730	175	2	.	.	PUNCT
cblr-1730	175	3	current	current	ADJ
cblr-1730	175	4	problems	problem	NOUN
cblr-1730	175	5	facing	face	VERB
cblr-1730	175	6	online	online	ADJ
cblr-1730	175	7	investor	investor	NOUN
cblr-1730	175	8	protection	protection	NOUN
cblr-1730	175	9	a.	a.	NOUN
cblr-1730	175	10	courts	courts	PROPN
cblr-1730	175	11	’	’	PART
cblr-1730	175	12	current	current	ADJ
cblr-1730	175	13	approach	approach	NOUN
cblr-1730	175	14	to	to	ADP
cblr-1730	175	15	protecting	protect	VERB
cblr-1730	175	16	online	online	ADJ
cblr-1730	175	17	investors	investor	NOUN
cblr-1730	175	18	arguably	arguably	ADV
cblr-1730	175	19	the	the	DET
cblr-1730	175	20	largest	large	ADJ
cblr-1730	175	21	problem	problem	NOUN
cblr-1730	175	22	facing	face	VERB
cblr-1730	175	23	any	any	DET
cblr-1730	175	24	extension	extension	NOUN
cblr-1730	175	25	of	of	ADP
cblr-1730	175	26	fiduciary	fiduciary	ADJ
cblr-1730	175	27	duty	duty	NOUN
cblr-1730	175	28	to	to	ADP
cblr-1730	175	29	online	online	ADJ
cblr-1730	175	30	brokerage	brokerage	NOUN
cblr-1730	175	31	platforms	platform	NOUN
cblr-1730	175	32	(	(	PUNCT
cblr-1730	175	33	including	include	VERB
cblr-1730	175	34	online	online	ADJ
cblr-1730	175	35	trading	trading	NOUN
cblr-1730	175	36	and	and	CCONJ
cblr-1730	175	37	investing	invest	VERB
cblr-1730	175	38	websites	website	NOUN
cblr-1730	175	39	,	,	PUNCT
cblr-1730	175	40	mobile	mobile	ADJ
cblr-1730	175	41	apps	app	NOUN
cblr-1730	175	42	,	,	PUNCT
cblr-1730	175	43	etc	etc	X
cblr-1730	175	44	.	.	X
cblr-1730	175	45	)	)	PUNCT
cblr-1730	175	46	is	be	AUX
cblr-1730	175	47	the	the	DET
cblr-1730	175	48	fact	fact	NOUN
cblr-1730	175	49	that	that	SCONJ
cblr-1730	175	50	these	these	DET
cblr-1730	175	51	online	online	ADJ
cblr-1730	175	52	platforms	platform	NOUN
cblr-1730	175	53	’	'	PUNCT
cblr-1730	175	54	obligations	obligation	NOUN
cblr-1730	175	55	are	be	AUX
cblr-1730	175	56	currently	currently	ADV
cblr-1730	175	57	governed	govern	VERB
cblr-1730	175	58	under	under	ADP
cblr-1730	175	59	contract	contract	NOUN
cblr-1730	175	60	law	law	NOUN
cblr-1730	175	61	rather	rather	ADV
cblr-1730	175	62	than	than	ADP
cblr-1730	175	63	any	any	DET
cblr-1730	175	64	fiduciary	fiduciary	ADJ
cblr-1730	175	65	or	or	CCONJ
cblr-1730	175	66	fiduciary	fiduciary	ADJ
cblr-1730	175	67	-	-	PUNCT
cblr-1730	175	68	esque	esque	ADJ
cblr-1730	175	69	standard	standard	NOUN
cblr-1730	175	70	of	of	ADP
cblr-1730	175	71	care	care	NOUN
cblr-1730	175	72	.	.	PUNCT
cblr-1730	176	1	some	some	DET
cblr-1730	176	2	brokerage	brokerage	NOUN
cblr-1730	176	3	firms	firm	NOUN
cblr-1730	176	4	do	do	AUX
cblr-1730	176	5	offer	offer	VERB
cblr-1730	176	6	“	"	PUNCT
cblr-1730	176	7	fiduciary	fiduciary	ADJ
cblr-1730	176	8	accounts	account	NOUN
cblr-1730	176	9	,	,	PUNCT
cblr-1730	176	10	”	"	PUNCT
cblr-1730	176	11	but	but	CCONJ
cblr-1730	176	12	these	these	PRON
cblr-1730	176	13	are	be	AUX
cblr-1730	176	14	accounts	account	NOUN
cblr-1730	176	15	operated	operate	VERB
cblr-1730	176	16	by	by	ADP
cblr-1730	176	17	the	the	DET
cblr-1730	176	18	accountholder	accountholder	NOUN
cblr-1730	176	19	’s	’s	PART
cblr-1730	176	20	own	own	ADJ
cblr-1730	176	21	fiduciary	fiduciary	NOUN
cblr-1730	176	22	and	and	CCONJ
cblr-1730	176	23	in	in	ADP
cblr-1730	176	24	no	no	DET
cblr-1730	176	25	way	way	NOUN
cblr-1730	176	26	obligate	obligate	VERB
cblr-1730	176	27	the	the	DET
cblr-1730	176	28	brokerage	brokerage	NOUN
cblr-1730	176	29	firm	firm	NOUN
cblr-1730	176	30	to	to	ADP
cblr-1730	176	31	any	any	DET
cblr-1730	176	32	fiduciary	fiduciary	ADJ
cblr-1730	176	33	relationship	relationship	NOUN
cblr-1730	176	34	with	with	ADP
cblr-1730	176	35	the	the	DET
cblr-1730	176	36	accountholder.58	accountholder.58	NOUN
cblr-1730	176	37	moreover	moreover	ADV
cblr-1730	176	38	,	,	PUNCT
cblr-1730	176	39	courts	court	NOUN
cblr-1730	176	40	have	have	AUX
cblr-1730	176	41	never	never	ADV
cblr-1730	176	42	extended	extend	VERB
cblr-1730	176	43	fiduciary	fiduciary	ADJ
cblr-1730	176	44	duties	duty	NOUN
cblr-1730	176	45	or	or	CCONJ
cblr-1730	176	46	any	any	DET
cblr-1730	176	47	duty	duty	NOUN
cblr-1730	176	48	of	of	ADP
cblr-1730	176	49	care	care	NOUN
cblr-1730	176	50	to	to	ADP
cblr-1730	176	51	the	the	DET
cblr-1730	176	52	online	online	ADJ
cblr-1730	176	53	platforms	platform	NOUN
cblr-1730	176	54	of	of	ADP
cblr-1730	176	55	brokerage	brokerage	NOUN
cblr-1730	176	56	firms.59	firms.59	VERB
cblr-1730	176	57	one	one	NUM
cblr-1730	176	58	reason	reason	NOUN
cblr-1730	176	59	for	for	ADP
cblr-1730	176	60	this	this	DET
cblr-1730	176	61	dichotomy	dichotomy	NOUN
cblr-1730	176	62	between	between	ADP
cblr-1730	176	63	56	56	NUM
cblr-1730	176	64	faber	faber	NOUN
cblr-1730	176	65	,	,	PUNCT
cblr-1730	176	66	exchange	exchange	NOUN
cblr-1730	176	67	act	act	NOUN
cblr-1730	176	68	release	release	VERB
cblr-1730	176	69	no	no	NOUN
cblr-1730	176	70	.	.	NOUN
cblr-1730	176	71	34	34	NUM
cblr-1730	176	72	-	-	SYM
cblr-1730	176	73	49216	49216	NUM
cblr-1730	176	74	,	,	PUNCT
cblr-1730	176	75	82	82	NUM
cblr-1730	176	76	sec	sec	PROPN
cblr-1730	176	77	docket	docket	NOUN
cblr-1730	176	78	453	453	NUM
cblr-1730	176	79	,	,	PUNCT
cblr-1730	176	80	458	458	NUM
cblr-1730	176	81	(	(	PUNCT
cblr-1730	176	82	feb	feb	PROPN
cblr-1730	176	83	.	.	PROPN
cblr-1730	176	84	10	10	NUM
cblr-1730	176	85	,	,	PUNCT
cblr-1730	176	86	2004	2004	NUM
cblr-1730	176	87	)	)	PUNCT
cblr-1730	176	88	.	.	PUNCT
cblr-1730	177	1	see	see	VERB
cblr-1730	177	2	also	also	ADV
cblr-1730	177	3	epstein	epstein	PROPN
cblr-1730	177	4	,	,	PUNCT
cblr-1730	177	5	exchange	exchange	NOUN
cblr-1730	177	6	act	act	PROPN
cblr-1730	177	7	release	release	VERB
cblr-1730	177	8	no	no	NOUN
cblr-1730	177	9	.	.	NOUN
cblr-1730	177	10	34	34	NUM
cblr-1730	177	11	-	-	SYM
cblr-1730	177	12	59328	59328	NUM
cblr-1730	177	13	,	,	PUNCT
cblr-1730	177	14	95	95	NUM
cblr-1730	177	15	sec	sec	PROPN
cblr-1730	177	16	docket	docket	NOUN
cblr-1730	177	17	285	285	NUM
cblr-1730	177	18	,	,	PUNCT
cblr-1730	177	19	294	294	NUM
cblr-1730	177	20	(	(	PUNCT
cblr-1730	177	21	jan	jan	PROPN
cblr-1730	177	22	.	.	PROPN
cblr-1730	177	23	30	30	NUM
cblr-1730	177	24	,	,	PUNCT
cblr-1730	177	25	2009	2009	NUM
cblr-1730	177	26	)	)	PUNCT
cblr-1730	177	27	(	(	PUNCT
cblr-1730	177	28	finding	find	VERB
cblr-1730	177	29	that	that	SCONJ
cblr-1730	177	30	the	the	DET
cblr-1730	177	31	defendant	defendant	NOUN
cblr-1730	177	32	,	,	PUNCT
cblr-1730	177	33	in	in	ADP
cblr-1730	177	34	the	the	DET
cblr-1730	177	35	context	context	NOUN
cblr-1730	177	36	of	of	ADP
cblr-1730	177	37	mutual	mutual	ADJ
cblr-1730	177	38	fund	fund	NOUN
cblr-1730	177	39	recommendations	recommendation	NOUN
cblr-1730	177	40	,	,	PUNCT
cblr-1730	177	41	“	"	PUNCT
cblr-1730	177	42	abdicated	abdicate	VERB
cblr-1730	177	43	his	his	PRON
cblr-1730	177	44	responsibility	responsibility	NOUN
cblr-1730	177	45	for	for	ADP
cblr-1730	177	46	fair	fair	ADJ
cblr-1730	177	47	dealing	dealing	NOUN
cblr-1730	177	48	when	when	SCONJ
cblr-1730	177	49	he	he	PRON
cblr-1730	177	50	put	put	VERB
cblr-1730	177	51	his	his	PRON
cblr-1730	177	52	own	own	ADJ
cblr-1730	177	53	self	self	NOUN
cblr-1730	177	54	-	-	PUNCT
cblr-1730	177	55	interest	interest	NOUN
cblr-1730	177	56	ahead	ahead	ADV
cblr-1730	177	57	of	of	ADP
cblr-1730	177	58	the	the	DET
cblr-1730	177	59	interests	interest	NOUN
cblr-1730	177	60	of	of	ADP
cblr-1730	177	61	his	his	PRON
cblr-1730	177	62	customers	customer	NOUN
cblr-1730	177	63	”	"	PUNCT
cblr-1730	177	64	)	)	PUNCT
cblr-1730	177	65	;	;	PUNCT
cblr-1730	177	66	belden	belden	NOUN
cblr-1730	177	67	,	,	PUNCT
cblr-1730	177	68	exchange	exchange	NOUN
cblr-1730	177	69	act	act	NOUN
cblr-1730	177	70	release	release	VERB
cblr-1730	177	71	no	no	NOUN
cblr-1730	177	72	.	.	NOUN
cblr-1730	177	73	34	34	NUM
cblr-1730	177	74	-	-	SYM
cblr-1730	177	75	47859	47859	NUM
cblr-1730	177	76	,	,	PUNCT
cblr-1730	177	77	80	80	NUM
cblr-1730	177	78	sec	sec	PROPN
cblr-1730	177	79	docket	docket	NOUN
cblr-1730	177	80	563	563	NUM
cblr-1730	177	81	,	,	PUNCT
cblr-1730	177	82	565	565	NUM
cblr-1730	177	83	(	(	PUNCT
cblr-1730	177	84	may	may	PROPN
cblr-1730	177	85	14	14	NUM
cblr-1730	177	86	,	,	PUNCT
cblr-1730	177	87	2003	2003	NUM
cblr-1730	177	88	)	)	PUNCT
cblr-1730	177	89	;	;	PUNCT
cblr-1730	177	90	howard	howard	PROPN
cblr-1730	177	91	,	,	PUNCT
cblr-1730	177	92	exchange	exchange	NOUN
cblr-1730	177	93	act	act	PROPN
cblr-1730	177	94	release	release	VERB
cblr-1730	177	95	no	no	NOUN
cblr-1730	177	96	.	.	NOUN
cblr-1730	177	97	34	34	NUM
cblr-1730	177	98	-	-	SYM
cblr-1730	177	99	46269	46269	NUM
cblr-1730	177	100	,	,	PUNCT
cblr-1730	177	101	78	78	NUM
cblr-1730	177	102	sec	sec	PROPN
cblr-1730	177	103	docket	docket	NOUN
cblr-1730	177	104	338	338	NUM
cblr-1730	177	105	,	,	PUNCT
cblr-1730	177	106	339	339	NUM
cblr-1730	177	107	(	(	PUNCT
cblr-1730	177	108	july	july	PROPN
cblr-1730	177	109	26	26	NUM
cblr-1730	177	110	,	,	PUNCT
cblr-1730	177	111	2002	2002	NUM
cblr-1730	177	112	)	)	PUNCT
cblr-1730	177	113	,	,	PUNCT
cblr-1730	177	114	aff’d	aff’d	VERB
cblr-1730	177	115	,	,	PUNCT
cblr-1730	177	116	77	77	NUM
cblr-1730	177	117	fed	fed	PROPN
cblr-1730	177	118	.	.	PUNCT
cblr-1730	178	1	appx	appx	PROPN
cblr-1730	178	2	.	.	PROPN
cblr-1730	178	3	2	2	NUM
cblr-1730	178	4	(	(	PUNCT
cblr-1730	178	5	1st	1st	ADJ
cblr-1730	178	6	cir	cir	NOUN
cblr-1730	178	7	.	.	PROPN
cblr-1730	178	8	2003	2003	NUM
cblr-1730	178	9	)	)	PUNCT
cblr-1730	178	10	.	.	PUNCT
cblr-1730	179	1	57	57	NUM
cblr-1730	179	2	see	see	VERB
cblr-1730	179	3	williams	williams	PROPN
cblr-1730	179	4	v.	v.	ADP
cblr-1730	179	5	scottrade	scottrade	PROPN
cblr-1730	179	6	,	,	PUNCT
cblr-1730	179	7	inc	inc	PROPN
cblr-1730	179	8	.	.	PROPN
cblr-1730	179	9	,	,	PUNCT
cblr-1730	179	10	no	no	INTJ
cblr-1730	179	11	.	.	NOUN
cblr-1730	179	12	06	06	NUM
cblr-1730	179	13	-	-	SYM
cblr-1730	179	14	10677	10677	NUM
cblr-1730	179	15	,	,	PUNCT
cblr-1730	179	16	2006	2006	NUM
cblr-1730	179	17	wl	wl	NOUN
cblr-1730	179	18	2077588	2077588	NUM
cblr-1730	179	19	,	,	PUNCT
cblr-1730	179	20	at	at	ADP
cblr-1730	179	21	*	*	NOUN
cblr-1730	179	22	5	5	NUM
cblr-1730	179	23	(	(	PUNCT
cblr-1730	179	24	e.d	e.d	PROPN
cblr-1730	179	25	.	.	PROPN
cblr-1730	179	26	mich	mich	PROPN
cblr-1730	179	27	.	.	PUNCT
cblr-1730	180	1	july	july	PROPN
cblr-1730	180	2	24	24	NUM
cblr-1730	180	3	,	,	PUNCT
cblr-1730	180	4	2006	2006	NUM
cblr-1730	180	5	)	)	PUNCT
cblr-1730	180	6	.	.	PUNCT
cblr-1730	181	1	58	58	NUM
cblr-1730	181	2	see	see	VERB
cblr-1730	181	3	brokerage	brokerage	NOUN
cblr-1730	181	4	account	account	NOUN
cblr-1730	181	5	agreement	agreement	NOUN
cblr-1730	181	6	,	,	PUNCT
cblr-1730	181	7	supra	supra	PROPN
cblr-1730	181	8	note	note	NOUN
cblr-1730	181	9	46	46	NUM
cblr-1730	181	10	,	,	PUNCT
cblr-1730	181	11	at	at	ADP
cblr-1730	181	12	2	2	NUM
cblr-1730	181	13	.	.	NUM
cblr-1730	181	14	59	59	NUM
cblr-1730	181	15	see	see	NOUN
cblr-1730	181	16	williams	williams	PROPN
cblr-1730	181	17	,	,	PUNCT
cblr-1730	181	18	2006	2006	NUM
cblr-1730	181	19	wl	wl	NOUN
cblr-1730	181	20	2077588	2077588	NUM
cblr-1730	181	21	,	,	PUNCT
cblr-1730	181	22	at	at	ADP
cblr-1730	181	23	*	*	PROPN
cblr-1730	181	24	5	5	NUM
cblr-1730	181	25	.	.	PUNCT
cblr-1730	181	26	smith	smith	PROPN
cblr-1730	181	27	–	–	PUNCT
cblr-1730	181	28	final	final	ADJ
cblr-1730	181	29	no	no	NOUN
cblr-1730	181	30	.	.	PUNCT
cblr-1730	182	1	3:1200	3:1200	NUM
cblr-1730	182	2	]	]	X
cblr-1730	182	3	a	a	DET
cblr-1730	182	4	uniform	uniform	ADJ
cblr-1730	182	5	fiduciary	fiduciary	ADJ
cblr-1730	182	6	duty	duty	NOUN
cblr-1730	182	7	1213	1213	NUM
cblr-1730	182	8	brokers	broker	NOUN
cblr-1730	182	9	and	and	CCONJ
cblr-1730	182	10	online	online	ADJ
cblr-1730	182	11	platforms	platform	NOUN
cblr-1730	182	12	is	be	AUX
cblr-1730	182	13	the	the	DET
cblr-1730	182	14	effect	effect	NOUN
cblr-1730	182	15	of	of	ADP
cblr-1730	182	16	their	their	PRON
cblr-1730	182	17	differing	differ	VERB
cblr-1730	182	18	contractual	contractual	ADJ
cblr-1730	182	19	agreements	agreement	NOUN
cblr-1730	182	20	with	with	ADP
cblr-1730	182	21	accountholders	accountholder	NOUN
cblr-1730	182	22	.	.	PUNCT
cblr-1730	183	1	online	online	ADJ
cblr-1730	183	2	platforms	platform	NOUN
cblr-1730	183	3	shield	shield	VERB
cblr-1730	183	4	themselves	themselves	PRON
cblr-1730	183	5	from	from	ADP
cblr-1730	183	6	fiduciary	fiduciary	ADJ
cblr-1730	183	7	liability	liability	NOUN
cblr-1730	183	8	by	by	ADP
cblr-1730	183	9	requiring	require	VERB
cblr-1730	183	10	new	new	ADJ
cblr-1730	183	11	accountholders	accountholder	NOUN
cblr-1730	183	12	to	to	PART
cblr-1730	183	13	sign	sign	VERB
cblr-1730	183	14	standard	standard	ADJ
cblr-1730	183	15	industrywide	industrywide	ADJ
cblr-1730	183	16	agreements	agreement	NOUN
cblr-1730	183	17	stating	state	VERB
cblr-1730	183	18	that	that	SCONJ
cblr-1730	183	19	the	the	DET
cblr-1730	183	20	brokerage	brokerage	NOUN
cblr-1730	183	21	firm	firm	NOUN
cblr-1730	183	22	does	do	AUX
cblr-1730	183	23	not	not	PART
cblr-1730	183	24	make	make	VERB
cblr-1730	183	25	any	any	DET
cblr-1730	183	26	recommendations	recommendation	NOUN
cblr-1730	183	27	or	or	CCONJ
cblr-1730	183	28	offer	offer	VERB
cblr-1730	183	29	investment	investment	NOUN
cblr-1730	183	30	advice	advice	NOUN
cblr-1730	183	31	.	.	PUNCT
cblr-1730	184	1	for	for	ADP
cblr-1730	184	2	example	example	NOUN
cblr-1730	184	3	,	,	PUNCT
cblr-1730	184	4	the	the	DET
cblr-1730	184	5	“	"	PUNCT
cblr-1730	184	6	scottrade	scottrade	NOUN
cblr-1730	184	7	website	website	NOUN
cblr-1730	184	8	terms	term	NOUN
cblr-1730	184	9	and	and	CCONJ
cblr-1730	184	10	conditions	condition	NOUN
cblr-1730	184	11	”	"	PUNCT
cblr-1730	184	12	states	state	NOUN
cblr-1730	184	13	:	:	PUNCT
cblr-1730	184	14	scottrade	scottrade	NOUN
cblr-1730	184	15	provides	provide	VERB
cblr-1730	184	16	self	self	NOUN
cblr-1730	184	17	-	-	PUNCT
cblr-1730	184	18	directed	direct	VERB
cblr-1730	184	19	investors	investor	NOUN
cblr-1730	184	20	with	with	ADP
cblr-1730	184	21	discount	discount	NOUN
cblr-1730	184	22	brokerage	brokerage	NOUN
cblr-1730	184	23	services	service	NOUN
cblr-1730	184	24	.	.	PUNCT
cblr-1730	185	1	scottrade	scottrade	NOUN
cblr-1730	185	2	does	do	AUX
cblr-1730	185	3	not	not	PART
cblr-1730	185	4	make	make	VERB
cblr-1730	185	5	recommendations	recommendation	NOUN
cblr-1730	185	6	or	or	CCONJ
cblr-1730	185	7	offer	offer	VERB
cblr-1730	185	8	investment	investment	NOUN
cblr-1730	185	9	advice	advice	NOUN
cblr-1730	185	10	of	of	ADP
cblr-1730	185	11	any	any	DET
cblr-1730	185	12	kind	kind	NOUN
cblr-1730	185	13	.	.	PUNCT
cblr-1730	186	1	scottrade	scottrade	NOUN
cblr-1730	186	2	provides	provide	VERB
cblr-1730	186	3	the	the	DET
cblr-1730	186	4	content	content	NOUN
cblr-1730	186	5	of	of	ADP
cblr-1730	186	6	the	the	DET
cblr-1730	186	7	website	website	NOUN
cblr-1730	186	8	for	for	ADP
cblr-1730	186	9	informational	informational	ADJ
cblr-1730	186	10	,	,	PUNCT
cblr-1730	186	11	educational	educational	ADJ
cblr-1730	186	12	and	and	CCONJ
cblr-1730	186	13	noncommercial	noncommercial	ADJ
cblr-1730	186	14	purposes	purpose	NOUN
cblr-1730	186	15	only	only	ADV
cblr-1730	186	16	.	.	PUNCT
cblr-1730	187	1	although	although	SCONJ
cblr-1730	187	2	scottrade	scottrade	NOUN
cblr-1730	187	3	may	may	AUX
cblr-1730	187	4	provide	provide	VERB
cblr-1730	187	5	data	data	NOUN
cblr-1730	187	6	,	,	PUNCT
cblr-1730	187	7	information	information	NOUN
cblr-1730	187	8	and	and	CCONJ
cblr-1730	187	9	content	content	NOUN
cblr-1730	187	10	relating	relate	VERB
cblr-1730	187	11	to	to	ADP
cblr-1730	187	12	investment	investment	NOUN
cblr-1730	187	13	approaches	approach	NOUN
cblr-1730	187	14	and	and	CCONJ
cblr-1730	187	15	opportunities	opportunity	NOUN
cblr-1730	187	16	to	to	PART
cblr-1730	187	17	buy	buy	VERB
cblr-1730	187	18	or	or	CCONJ
cblr-1730	187	19	sell	sell	VERB
cblr-1730	187	20	securities	security	NOUN
cblr-1730	187	21	,	,	PUNCT
cblr-1730	187	22	including	include	VERB
cblr-1730	187	23	mutual	mutual	ADJ
cblr-1730	187	24	funds	fund	NOUN
cblr-1730	187	25	and	and	CCONJ
cblr-1730	187	26	exchange	exchange	NOUN
cblr-1730	187	27	-	-	PUNCT
cblr-1730	187	28	traded	trade	VERB
cblr-1730	187	29	funds	fund	NOUN
cblr-1730	187	30	,	,	PUNCT
cblr-1730	187	31	you	you	PRON
cblr-1730	187	32	should	should	AUX
cblr-1730	187	33	not	not	PART
cblr-1730	187	34	construe	construe	VERB
cblr-1730	187	35	any	any	DET
cblr-1730	187	36	such	such	ADJ
cblr-1730	187	37	information	information	NOUN
cblr-1730	187	38	as	as	ADP
cblr-1730	187	39	investment	investment	NOUN
cblr-1730	187	40	,	,	PUNCT
cblr-1730	187	41	financial	financial	ADJ
cblr-1730	187	42	,	,	PUNCT
cblr-1730	187	43	tax	tax	NOUN
cblr-1730	187	44	,	,	PUNCT
cblr-1730	187	45	legal	legal	ADJ
cblr-1730	187	46	or	or	CCONJ
cblr-1730	187	47	other	other	ADJ
cblr-1730	187	48	advice	advice	NOUN
cblr-1730	187	49	.	.	PUNCT
cblr-1730	188	1	you	you	PRON
cblr-1730	188	2	alone	alone	ADV
cblr-1730	188	3	will	will	AUX
cblr-1730	188	4	bear	bear	VERB
cblr-1730	188	5	the	the	DET
cblr-1730	188	6	sole	sole	ADJ
cblr-1730	188	7	responsibility	responsibility	NOUN
cblr-1730	188	8	of	of	ADP
cblr-1730	188	9	evaluating	evaluate	VERB
cblr-1730	188	10	the	the	DET
cblr-1730	188	11	merits	merit	NOUN
cblr-1730	188	12	and	and	CCONJ
cblr-1730	188	13	risks	risk	NOUN
cblr-1730	188	14	associated	associate	VERB
cblr-1730	188	15	with	with	ADP
cblr-1730	188	16	the	the	DET
cblr-1730	188	17	use	use	NOUN
cblr-1730	188	18	of	of	ADP
cblr-1730	188	19	any	any	DET
cblr-1730	188	20	data	datum	NOUN
cblr-1730	188	21	,	,	PUNCT
cblr-1730	188	22	information	information	NOUN
cblr-1730	188	23	or	or	CCONJ
cblr-1730	188	24	content	content	NOUN
cblr-1730	188	25	on	on	ADP
cblr-1730	188	26	the	the	DET
cblr-1730	188	27	website	website	NOUN
cblr-1730	188	28	before	before	ADP
cblr-1730	188	29	making	make	VERB
cblr-1730	188	30	any	any	DET
cblr-1730	188	31	decisions	decision	NOUN
cblr-1730	188	32	based	base	VERB
cblr-1730	188	33	on	on	ADP
cblr-1730	188	34	such	such	ADJ
cblr-1730	188	35	data	datum	NOUN
cblr-1730	188	36	,	,	PUNCT
cblr-1730	188	37	information	information	NOUN
cblr-1730	188	38	or	or	CCONJ
cblr-1730	188	39	content	content	NOUN
cblr-1730	188	40	.	.	PUNCT
cblr-1730	189	1	in	in	ADP
cblr-1730	189	2	exchange	exchange	NOUN
cblr-1730	189	3	for	for	ADP
cblr-1730	189	4	using	use	VERB
cblr-1730	189	5	such	such	ADJ
cblr-1730	189	6	data	datum	NOUN
cblr-1730	189	7	,	,	PUNCT
cblr-1730	189	8	information	information	NOUN
cblr-1730	189	9	or	or	CCONJ
cblr-1730	189	10	content	content	NOUN
cblr-1730	189	11	,	,	PUNCT
cblr-1730	189	12	you	you	PRON
cblr-1730	189	13	agree	agree	VERB
cblr-1730	189	14	not	not	PART
cblr-1730	189	15	to	to	PART
cblr-1730	189	16	hold	hold	VERB
cblr-1730	189	17	scottrade	scottrade	NOUN
cblr-1730	189	18	or	or	CCONJ
cblr-1730	189	19	its	its	PRON
cblr-1730	189	20	thirdparty	thirdparty	PROPN
cblr-1730	189	21	content	content	NOUN
cblr-1730	189	22	providers	provider	NOUN
cblr-1730	189	23	liable	liable	ADJ
cblr-1730	189	24	for	for	ADP
cblr-1730	189	25	any	any	DET
cblr-1730	189	26	possible	possible	ADJ
cblr-1730	189	27	claim	claim	NOUN
cblr-1730	189	28	for	for	ADP
cblr-1730	189	29	damages	damage	NOUN
cblr-1730	189	30	arising	arise	VERB
cblr-1730	189	31	from	from	ADP
cblr-1730	189	32	any	any	DET
cblr-1730	189	33	decision	decision	NOUN
cblr-1730	189	34	you	you	PRON
cblr-1730	189	35	make	make	VERB
cblr-1730	189	36	based	base	VERB
cblr-1730	189	37	on	on	ADP
cblr-1730	189	38	information	information	NOUN
cblr-1730	189	39	made	make	VERB
cblr-1730	189	40	available	available	ADJ
cblr-1730	189	41	to	to	ADP
cblr-1730	189	42	you	you	PRON
cblr-1730	189	43	through	through	ADP
cblr-1730	189	44	the	the	DET
cblr-1730	189	45	website.60	website.60	NOUN
cblr-1730	189	46	these	these	DET
cblr-1730	189	47	terms	term	NOUN
cblr-1730	189	48	are	be	AUX
cblr-1730	189	49	straightforward	straightforward	ADJ
cblr-1730	189	50	when	when	SCONJ
cblr-1730	189	51	viewed	view	VERB
cblr-1730	189	52	in	in	ADP
cblr-1730	189	53	light	light	NOUN
cblr-1730	189	54	of	of	ADP
cblr-1730	189	55	the	the	DET
cblr-1730	189	56	iaa	iaa	NOUN
cblr-1730	189	57	and	and	CCONJ
cblr-1730	189	58	sea	sea	NOUN
cblr-1730	189	59	.	.	PUNCT
cblr-1730	190	1	they	they	PRON
cblr-1730	190	2	clearly	clearly	ADV
cblr-1730	190	3	state	state	VERB
cblr-1730	190	4	that	that	SCONJ
cblr-1730	190	5	scottrade	scottrade	NOUN
cblr-1730	190	6	only	only	ADV
cblr-1730	190	7	supplies	supply	VERB
cblr-1730	190	8	brokerage	brokerage	NOUN
cblr-1730	190	9	services	service	NOUN
cblr-1730	190	10	,	,	PUNCT
cblr-1730	190	11	which	which	PRON
cblr-1730	190	12	do	do	AUX
cblr-1730	190	13	not	not	PART
cblr-1730	190	14	inherently	inherently	ADV
cblr-1730	190	15	require	require	VERB
cblr-1730	190	16	fiduciary	fiduciary	ADJ
cblr-1730	190	17	duties	duty	NOUN
cblr-1730	190	18	under	under	ADP
cblr-1730	190	19	the	the	DET
cblr-1730	190	20	sea	sea	NOUN
cblr-1730	190	21	or	or	CCONJ
cblr-1730	190	22	iaa.61	iaa.61	VERB
cblr-1730	190	23	the	the	DET
cblr-1730	190	24	agreement	agreement	NOUN
cblr-1730	190	25	also	also	ADV
cblr-1730	190	26	explicitly	explicitly	ADV
cblr-1730	190	27	states	state	VERB
cblr-1730	190	28	that	that	SCONJ
cblr-1730	190	29	scottrade	scottrade	NOUN
cblr-1730	190	30	“	"	PUNCT
cblr-1730	190	31	does	do	AUX
cblr-1730	190	32	not	not	PART
cblr-1730	190	33	make	make	VERB
cblr-1730	190	34	60	60	NUM
cblr-1730	190	35	scottrade	scottrade	NOUN
cblr-1730	190	36	website	website	NOUN
cblr-1730	190	37	terms	term	NOUN
cblr-1730	190	38	and	and	CCONJ
cblr-1730	190	39	conditions	condition	NOUN
cblr-1730	190	40	,	,	PUNCT
cblr-1730	190	41	scottrade	scottrade	NOUN
cblr-1730	190	42	,	,	PUNCT
cblr-1730	190	43	https://www.scottrade.com/disclosures/terms-conditions.html	https://www.scottrade.com/disclosures/terms-conditions.html	PROPN
cblr-1730	191	1	[	[	X
cblr-1730	191	2	perma.cc/hqm6-876z	perma.cc/hqm6-876z	NOUN
cblr-1730	191	3	]	]	X
cblr-1730	191	4	.	.	PUNCT
cblr-1730	192	1	61	61	NUM
cblr-1730	192	2	see	see	VERB
cblr-1730	192	3	investment	investment	NOUN
cblr-1730	192	4	advisers	adviser	NOUN
cblr-1730	192	5	act	act	VERB
cblr-1730	192	6	of	of	ADP
cblr-1730	192	7	1940	1940	NUM
cblr-1730	192	8	,	,	PUNCT
cblr-1730	192	9	15	15	NUM
cblr-1730	192	10	u.s.c	u.s.c	ADJ
cblr-1730	192	11	.	.	PUNCT
cblr-1730	193	1	§	§	PROPN
cblr-1730	193	2	80b-2	80b-2	PROPN
cblr-1730	193	3	(	(	PUNCT
cblr-1730	193	4	2012	2012	NUM
cblr-1730	193	5	)	)	PUNCT
cblr-1730	193	6	;	;	PUNCT
cblr-1730	193	7	see	see	VERB
cblr-1730	193	8	generally	generally	ADV
cblr-1730	193	9	sec	sec	PROPN
cblr-1730	193	10	v.	v.	CCONJ
cblr-1730	193	11	capital	capital	NOUN
cblr-1730	193	12	gains	gain	NOUN
cblr-1730	193	13	research	research	PROPN
cblr-1730	193	14	bureau	bureau	PROPN
cblr-1730	193	15	,	,	PUNCT
cblr-1730	193	16	inc	inc	PROPN
cblr-1730	193	17	.	.	PROPN
cblr-1730	193	18	,	,	PUNCT
cblr-1730	193	19	375	375	NUM
cblr-1730	193	20	u.s	u.s	PROPN
cblr-1730	193	21	.	.	PROPN
cblr-1730	193	22	180,186–87	180,186–87	NUM
cblr-1730	193	23	(	(	PUNCT
cblr-1730	193	24	1963	1963	NUM
cblr-1730	193	25	)	)	PUNCT
cblr-1730	193	26	;	;	PUNCT
cblr-1730	193	27	thomas	thomas	PROPN
cblr-1730	193	28	v.	v.	PROPN
cblr-1730	193	29	metro	metro	PROPN
cblr-1730	193	30	.	.	PUNCT
cblr-1730	194	1	life	life	NOUN
cblr-1730	194	2	ins	ins	PROPN
cblr-1730	194	3	.	.	PUNCT
cblr-1730	194	4	co.	co.	PROPN
cblr-1730	194	5	,	,	PUNCT
cblr-1730	194	6	631	631	NUM
cblr-1730	194	7	f.3d	f.3d	NUM
cblr-1730	194	8	1153	1153	NUM
cblr-1730	194	9	,	,	PUNCT
cblr-1730	194	10	1060–61	1060–61	NUM
cblr-1730	194	11	,	,	PUNCT
cblr-1730	194	12	1166	1166	NUM
cblr-1730	194	13	(	(	PUNCT
cblr-1730	194	14	10th	10th	ADJ
cblr-1730	194	15	smith	smith	PROPN
cblr-1730	194	16	–	–	PUNCT
cblr-1730	195	1	final	final	ADJ
cblr-1730	195	2	1214	1214	NUM
cblr-1730	195	3	columbia	columbia	PROPN
cblr-1730	195	4	business	business	NOUN
cblr-1730	195	5	law	law	PROPN
cblr-1730	195	6	review	review	NOUN
cblr-1730	195	7	[	[	X
cblr-1730	195	8	vol	vol	NOUN
cblr-1730	195	9	.	.	NOUN
cblr-1730	195	10	2017	2017	NUM
cblr-1730	195	11	recommendations	recommendation	NOUN
cblr-1730	195	12	or	or	CCONJ
cblr-1730	195	13	offer	offer	VERB
cblr-1730	195	14	investment	investment	NOUN
cblr-1730	195	15	advice	advice	NOUN
cblr-1730	195	16	of	of	ADP
cblr-1730	195	17	any	any	DET
cblr-1730	195	18	kind	kind	NOUN
cblr-1730	195	19	,	,	PUNCT
cblr-1730	195	20	”	"	PUNCT
cblr-1730	195	21	which	which	PRON
cblr-1730	195	22	is	be	AUX
cblr-1730	195	23	at	at	ADP
cblr-1730	195	24	the	the	DET
cblr-1730	195	25	heart	heart	NOUN
cblr-1730	195	26	of	of	ADP
cblr-1730	195	27	the	the	DET
cblr-1730	195	28	iaa	iaa	NOUN
cblr-1730	195	29	versus	versus	ADP
cblr-1730	195	30	sea	sea	NOUN
cblr-1730	195	31	fiduciary	fiduciary	ADJ
cblr-1730	195	32	duty	duty	NOUN
cblr-1730	195	33	distinction.62	distinction.62	NOUN
cblr-1730	195	34	further	far	ADV
cblr-1730	195	35	,	,	PUNCT
cblr-1730	195	36	their	their	PRON
cblr-1730	195	37	agreement	agreement	NOUN
cblr-1730	195	38	even	even	ADV
cblr-1730	195	39	repeats	repeat	VERB
cblr-1730	195	40	that	that	SCONJ
cblr-1730	195	41	the	the	DET
cblr-1730	195	42	user	user	NOUN
cblr-1730	195	43	should	should	AUX
cblr-1730	195	44	“	"	PUNCT
cblr-1730	195	45	not	not	PART
cblr-1730	195	46	construe	construe	VERB
cblr-1730	195	47	any	any	DET
cblr-1730	195	48	”	"	PUNCT
cblr-1730	195	49	information	information	NOUN
cblr-1730	195	50	provided	provide	VERB
cblr-1730	195	51	by	by	ADP
cblr-1730	195	52	scottrade	scottrade	NOUN
cblr-1730	195	53	(	(	PUNCT
cblr-1730	195	54	which	which	PRON
cblr-1730	195	55	is	be	AUX
cblr-1730	195	56	solely	solely	ADV
cblr-1730	195	57	“	"	PUNCT
cblr-1730	195	58	educational	educational	ADJ
cblr-1730	195	59	”	"	PUNCT
cblr-1730	195	60	and	and	CCONJ
cblr-1730	195	61	“	"	PUNCT
cblr-1730	195	62	noncommercial	noncommercial	ADJ
cblr-1730	195	63	”	"	PUNCT
cblr-1730	195	64	)	)	PUNCT
cblr-1730	195	65	“	"	PUNCT
cblr-1730	195	66	as	as	ADP
cblr-1730	195	67	investment	investment	NOUN
cblr-1730	195	68	,	,	PUNCT
cblr-1730	195	69	financial	financial	ADJ
cblr-1730	195	70	,	,	PUNCT
cblr-1730	195	71	tax	tax	NOUN
cblr-1730	195	72	,	,	PUNCT
cblr-1730	195	73	legal	legal	ADJ
cblr-1730	195	74	,	,	PUNCT
cblr-1730	195	75	or	or	CCONJ
cblr-1730	195	76	other	other	ADJ
cblr-1730	195	77	advice	advice	NOUN
cblr-1730	195	78	.	.	PUNCT
cblr-1730	196	1	”63	”63	NOUN
cblr-1730	196	2	finally	finally	ADV
cblr-1730	196	3	for	for	ADP
cblr-1730	196	4	good	good	ADJ
cblr-1730	196	5	measure	measure	NOUN
cblr-1730	196	6	,	,	PUNCT
cblr-1730	196	7	the	the	DET
cblr-1730	196	8	scottrade	scottrade	NOUN
cblr-1730	196	9	agreement	agreement	NOUN
cblr-1730	196	10	(	(	PUNCT
cblr-1730	196	11	as	as	ADP
cblr-1730	196	12	typical	typical	ADJ
cblr-1730	196	13	for	for	ADP
cblr-1730	196	14	the	the	DET
cblr-1730	196	15	industry	industry	NOUN
cblr-1730	196	16	)	)	PUNCT
cblr-1730	196	17	includes	include	VERB
cblr-1730	196	18	a	a	DET
cblr-1730	196	19	separate	separate	ADJ
cblr-1730	196	20	“	"	PUNCT
cblr-1730	196	21	disclaimers	disclaimer	NOUN
cblr-1730	196	22	and	and	CCONJ
cblr-1730	196	23	limitations	limitation	NOUN
cblr-1730	196	24	of	of	ADP
cblr-1730	196	25	liability	liability	NOUN
cblr-1730	196	26	”	"	PUNCT
cblr-1730	196	27	section	section	NOUN
cblr-1730	196	28	,	,	PUNCT
cblr-1730	196	29	which	which	PRON
cblr-1730	196	30	states	state	VERB
cblr-1730	196	31	that	that	SCONJ
cblr-1730	196	32	the	the	DET
cblr-1730	196	33	user	user	NOUN
cblr-1730	196	34	expressly	expressly	ADV
cblr-1730	196	35	agrees	agree	VERB
cblr-1730	196	36	that	that	SCONJ
cblr-1730	196	37	,	,	PUNCT
cblr-1730	196	38	among	among	ADP
cblr-1730	196	39	other	other	ADJ
cblr-1730	196	40	things	thing	NOUN
cblr-1730	196	41	,	,	PUNCT
cblr-1730	196	42	“	"	PUNCT
cblr-1730	196	43	no	no	DET
cblr-1730	196	44	advice	advice	NOUN
cblr-1730	196	45	or	or	CCONJ
cblr-1730	196	46	information	information	NOUN
cblr-1730	196	47	,	,	PUNCT
cblr-1730	196	48	whether	whether	SCONJ
cblr-1730	196	49	written	write	VERB
cblr-1730	196	50	or	or	CCONJ
cblr-1730	196	51	oral	oral	ADJ
cblr-1730	196	52	,	,	PUNCT
cblr-1730	196	53	whether	whether	SCONJ
cblr-1730	196	54	obtained	obtain	VERB
cblr-1730	196	55	by	by	ADP
cblr-1730	196	56	you	you	PRON
cblr-1730	196	57	from	from	ADP
cblr-1730	196	58	scottrade	scottrade	NOUN
cblr-1730	196	59	,	,	PUNCT
cblr-1730	196	60	from	from	ADP
cblr-1730	196	61	a	a	DET
cblr-1730	196	62	scottrade	scottrade	NOUN
cblr-1730	196	63	employee	employee	NOUN
cblr-1730	196	64	or	or	CCONJ
cblr-1730	196	65	agent	agent	NOUN
cblr-1730	196	66	or	or	CCONJ
cblr-1730	196	67	through	through	ADP
cblr-1730	196	68	or	or	CCONJ
cblr-1730	196	69	from	from	ADP
cblr-1730	196	70	the	the	DET
cblr-1730	196	71	website	website	NOUN
cblr-1730	196	72	,	,	PUNCT
cblr-1730	196	73	shall	shall	AUX
cblr-1730	196	74	create	create	VERB
cblr-1730	196	75	any	any	DET
cblr-1730	196	76	warranty	warranty	NOUN
cblr-1730	196	77	not	not	PART
cblr-1730	196	78	expressly	expressly	ADV
cblr-1730	196	79	stated	state	VERB
cblr-1730	196	80	in	in	ADP
cblr-1730	196	81	these	these	DET
cblr-1730	196	82	terms	term	NOUN
cblr-1730	196	83	and	and	CCONJ
cblr-1730	196	84	conditions	condition	NOUN
cblr-1730	196	85	.	.	PUNCT
cblr-1730	197	1	”64	”64	VERB
cblr-1730	197	2	these	these	DET
cblr-1730	197	3	terms	term	NOUN
cblr-1730	197	4	evidence	evidence	VERB
cblr-1730	197	5	a	a	DET
cblr-1730	197	6	clear	clear	ADJ
cblr-1730	197	7	intent	intent	NOUN
cblr-1730	197	8	by	by	ADP
cblr-1730	197	9	brokerage	brokerage	NOUN
cblr-1730	197	10	firms	firm	NOUN
cblr-1730	197	11	to	to	PART
cblr-1730	197	12	favor	favor	VERB
cblr-1730	197	13	contractually	contractually	ADV
cblr-1730	197	14	agreed	agree	VERB
cblr-1730	197	15	upon	upon	SCONJ
cblr-1730	197	16	rights	right	NOUN
cblr-1730	197	17	and	and	CCONJ
cblr-1730	197	18	obligations	obligation	NOUN
cblr-1730	197	19	and	and	CCONJ
cblr-1730	197	20	to	to	PART
cblr-1730	197	21	prevent	prevent	VERB
cblr-1730	197	22	any	any	DET
cblr-1730	197	23	extension	extension	NOUN
cblr-1730	197	24	of	of	ADP
cblr-1730	197	25	a	a	DET
cblr-1730	197	26	fiduciary	fiduciary	ADJ
cblr-1730	197	27	or	or	CCONJ
cblr-1730	197	28	fiduciary	fiduciary	ADJ
cblr-1730	197	29	-	-	PUNCT
cblr-1730	197	30	like	like	ADJ
cblr-1730	197	31	duty	duty	NOUN
cblr-1730	197	32	of	of	ADP
cblr-1730	197	33	care	care	NOUN
cblr-1730	197	34	to	to	ADP
cblr-1730	197	35	their	their	PRON
cblr-1730	197	36	online	online	ADJ
cblr-1730	197	37	investing	invest	VERB
cblr-1730	197	38	related	related	ADJ
cblr-1730	197	39	activities	activity	NOUN
cblr-1730	197	40	.	.	PUNCT
cblr-1730	198	1	despite	despite	SCONJ
cblr-1730	198	2	these	these	DET
cblr-1730	198	3	straightforward	straightforward	ADJ
cblr-1730	198	4	terms	term	NOUN
cblr-1730	198	5	which	which	PRON
cblr-1730	198	6	disclaim	disclaim	VERB
cblr-1730	198	7	liability	liability	NOUN
cblr-1730	198	8	,	,	PUNCT
cblr-1730	198	9	accountholders	accountholder	NOUN
cblr-1730	198	10	have	have	AUX
cblr-1730	198	11	attempted	attempt	VERB
cblr-1730	198	12	to	to	PART
cblr-1730	198	13	use	use	VERB
cblr-1730	198	14	the	the	DET
cblr-1730	198	15	courts	court	NOUN
cblr-1730	198	16	to	to	PART
cblr-1730	198	17	extend	extend	VERB
cblr-1730	198	18	a	a	DET
cblr-1730	198	19	general	general	ADJ
cblr-1730	198	20	fiduciary	fiduciary	ADJ
cblr-1730	198	21	duty	duty	NOUN
cblr-1730	198	22	to	to	ADP
cblr-1730	198	23	brokerage	brokerage	NOUN
cblr-1730	198	24	firms	firm	NOUN
cblr-1730	198	25	,	,	PUNCT
cblr-1730	198	26	including	include	VERB
cblr-1730	198	27	their	their	PRON
cblr-1730	198	28	online	online	ADJ
cblr-1730	198	29	platforms	platform	NOUN
cblr-1730	198	30	,	,	PUNCT
cblr-1730	198	31	but	but	CCONJ
cblr-1730	198	32	to	to	ADP
cblr-1730	198	33	no	no	DET
cblr-1730	198	34	avail.65	avail.65	NOUN
cblr-1730	198	35	in	in	ADP
cblr-1730	198	36	williams	williams	PROPN
cblr-1730	198	37	v.	v.	ADP
cblr-1730	198	38	scottrade	scottrade	PROPN
cblr-1730	198	39	,	,	PUNCT
cblr-1730	198	40	the	the	DET
cblr-1730	198	41	court	court	NOUN
cblr-1730	198	42	dismissed	dismiss	VERB
cblr-1730	198	43	the	the	DET
cblr-1730	198	44	plaintiff	plaintiff	NOUN
cblr-1730	198	45	’s	’s	PART
cblr-1730	198	46	claims	claim	NOUN
cblr-1730	198	47	of	of	ADP
cblr-1730	198	48	breach	breach	NOUN
cblr-1730	198	49	of	of	ADP
cblr-1730	198	50	fiduciary	fiduciary	ADJ
cblr-1730	198	51	duty	duty	NOUN
cblr-1730	198	52	for	for	ADP
cblr-1730	198	53	two	two	NUM
cblr-1730	198	54	reasons.66	reasons.66	NOUN
cblr-1730	198	55	first	first	ADV
cblr-1730	198	56	,	,	PUNCT
cblr-1730	198	57	scottrade	scottrade	NOUN
cblr-1730	198	58	’s	’s	PART
cblr-1730	198	59	brokerage	brokerage	NOUN
cblr-1730	198	60	account	account	NOUN
cblr-1730	198	61	agreement	agreement	NOUN
cblr-1730	198	62	with	with	ADP
cblr-1730	198	63	the	the	DET
cblr-1730	198	64	plaintiff	plaintiff	NOUN
cblr-1730	198	65	made	make	VERB
cblr-1730	198	66	clear	clear	ADJ
cblr-1730	198	67	that	that	SCONJ
cblr-1730	198	68	scottrade	scottrade	NOUN
cblr-1730	198	69	did	do	AUX
cblr-1730	198	70	not	not	PART
cblr-1730	198	71	advise	advise	VERB
cblr-1730	198	72	the	the	DET
cblr-1730	198	73	plaintiff	plaintiff	NOUN
cblr-1730	198	74	or	or	CCONJ
cblr-1730	198	75	make	make	VERB
cblr-1730	198	76	decisions	decision	NOUN
cblr-1730	198	77	for	for	ADP
cblr-1730	198	78	them	they	PRON
cblr-1730	198	79	with	with	ADP
cblr-1730	198	80	respect	respect	NOUN
cblr-1730	198	81	to	to	ADP
cblr-1730	198	82	their	their	PRON
cblr-1730	198	83	investments.67	investments.67	NOUN
cblr-1730	198	84	hence	hence	ADV
cblr-1730	198	85	under	under	ADP
cblr-1730	198	86	the	the	DET
cblr-1730	198	87	holding	holding	NOUN
cblr-1730	198	88	of	of	ADP
cblr-1730	198	89	leib	leib	PROPN
cblr-1730	198	90	v.	v.	PROPN
cblr-1730	198	91	merrill	merrill	PROPN
cblr-1730	198	92	lynch	lynch	PROPN
cblr-1730	198	93	(	(	PUNCT
cblr-1730	198	94	as	as	SCONJ
cblr-1730	198	95	discussed	discuss	VERB
cblr-1730	198	96	above	above	ADV
cblr-1730	198	97	)	)	PUNCT
cblr-1730	198	98	,	,	PUNCT
cblr-1730	198	99	the	the	DET
cblr-1730	198	100	court	court	NOUN
cblr-1730	198	101	found	find	VERB
cblr-1730	198	102	that	that	SCONJ
cblr-1730	198	103	cir	cir	NOUN
cblr-1730	198	104	.	.	PUNCT
cblr-1730	198	105	2011	2011	NUM
cblr-1730	198	106	)	)	PUNCT
cblr-1730	198	107	(	(	PUNCT
cblr-1730	198	108	holding	hold	VERB
cblr-1730	198	109	that	that	SCONJ
cblr-1730	198	110	broker	broker	NOUN
cblr-1730	198	111	-	-	PUNCT
cblr-1730	198	112	dealers	dealer	NOUN
cblr-1730	198	113	only	only	ADV
cblr-1730	198	114	fall	fall	VERB
cblr-1730	198	115	under	under	ADP
cblr-1730	198	116	the	the	DET
cblr-1730	198	117	fiduciary	fiduciary	ADJ
cblr-1730	198	118	protections	protection	NOUN
cblr-1730	198	119	of	of	ADP
cblr-1730	198	120	the	the	DET
cblr-1730	198	121	iaa	iaa	NOUN
cblr-1730	198	122	under	under	ADP
cblr-1730	198	123	limited	limited	ADJ
cblr-1730	198	124	circumstances	circumstance	NOUN
cblr-1730	198	125	)	)	PUNCT
cblr-1730	198	126	;	;	PUNCT
cblr-1730	198	127	wiener	wiener	NOUN
cblr-1730	198	128	v.	v.	PROPN
cblr-1730	198	129	eaton	eaton	PROPN
cblr-1730	198	130	vance	vance	PROPN
cblr-1730	198	131	distribs	distribs	PROPN
cblr-1730	198	132	.	.	PUNCT
cblr-1730	198	133	,	,	PUNCT
cblr-1730	198	134	inc	inc	PROPN
cblr-1730	198	135	.	.	PROPN
cblr-1730	198	136	,	,	PUNCT
cblr-1730	198	137	no	no	INTJ
cblr-1730	199	1	.	.	NOUN
cblr-1730	200	1	10	10	NUM
cblr-1730	200	2	-	-	PUNCT
cblr-1730	200	3	10515	10515	NUM
cblr-1730	200	4	-	-	PUNCT
cblr-1730	200	5	dpw	dpw	NOUN
cblr-1730	200	6	,	,	PUNCT
cblr-1730	200	7	2011	2011	NUM
cblr-1730	200	8	wl	wl	NOUN
cblr-1730	200	9	1233131	1233131	NUM
cblr-1730	200	10	,	,	PUNCT
cblr-1730	200	11	at	at	ADP
cblr-1730	200	12	*	*	PROPN
cblr-1730	200	13	10	10	NUM
cblr-1730	200	14	.	.	PUNCT
cblr-1730	201	1	(	(	PUNCT
cblr-1730	201	2	d.	d.	PROPN
cblr-1730	201	3	mass	mass	PROPN
cblr-1730	201	4	.	.	PUNCT
cblr-1730	202	1	mar	mar	PROPN
cblr-1730	202	2	.	.	PROPN
cblr-1730	202	3	30	30	NUM
cblr-1730	202	4	,	,	PUNCT
cblr-1730	202	5	2011	2011	NUM
cblr-1730	202	6	)	)	PUNCT
cblr-1730	202	7	;	;	PUNCT
cblr-1730	202	8	edwards	edwards	PROPN
cblr-1730	202	9	,	,	PUNCT
cblr-1730	202	10	supra	supra	PROPN
cblr-1730	202	11	note	note	NOUN
cblr-1730	202	12	2	2	NUM
cblr-1730	202	13	,	,	PUNCT
cblr-1730	202	14	at	at	ADP
cblr-1730	202	15	114–15	114–15	NUM
cblr-1730	202	16	.	.	PUNCT
cblr-1730	203	1	62	62	NUM
cblr-1730	203	2	see	see	VERB
cblr-1730	203	3	generally	generally	ADV
cblr-1730	203	4	laby	laby	NOUN
cblr-1730	203	5	,	,	PUNCT
cblr-1730	203	6	supra	supra	ADJ
cblr-1730	203	7	note	note	NOUN
cblr-1730	203	8	9	9	NUM
cblr-1730	203	9	,	,	PUNCT
cblr-1730	203	10	at	at	ADP
cblr-1730	203	11	722	722	NUM
cblr-1730	203	12	,	,	PUNCT
cblr-1730	203	13	726	726	NUM
cblr-1730	203	14	,	,	PUNCT
cblr-1730	203	15	729–30	729–30	NUM
cblr-1730	203	16	;	;	PUNCT
cblr-1730	203	17	scottrade	scottrade	NOUN
cblr-1730	203	18	website	website	NOUN
cblr-1730	203	19	terms	term	NOUN
cblr-1730	203	20	and	and	CCONJ
cblr-1730	203	21	conditions	condition	NOUN
cblr-1730	203	22	,	,	PUNCT
cblr-1730	203	23	supra	supra	ADJ
cblr-1730	203	24	note	note	NOUN
cblr-1730	203	25	60	60	NUM
cblr-1730	203	26	.	.	PUNCT
cblr-1730	204	1	63	63	NUM
cblr-1730	204	2	scottrade	scottrade	NOUN
cblr-1730	204	3	website	website	NOUN
cblr-1730	204	4	terms	term	NOUN
cblr-1730	204	5	and	and	CCONJ
cblr-1730	204	6	conditions	condition	NOUN
cblr-1730	204	7	,	,	PUNCT
cblr-1730	204	8	supra	supra	ADJ
cblr-1730	204	9	note	note	NOUN
cblr-1730	204	10	60	60	NUM
cblr-1730	204	11	.	.	PUNCT
cblr-1730	204	12	64	64	NUM
cblr-1730	205	1	i	i	PRON
cblr-1730	205	2	d.	d.	PROPN
cblr-1730	205	3	65	65	NUM
cblr-1730	205	4	see	see	VERB
cblr-1730	205	5	williams	williams	PROPN
cblr-1730	205	6	v.	v.	ADP
cblr-1730	205	7	scottrade	scottrade	PROPN
cblr-1730	205	8	,	,	PUNCT
cblr-1730	205	9	inc	inc	PROPN
cblr-1730	205	10	.	.	PROPN
cblr-1730	205	11	,	,	PUNCT
cblr-1730	205	12	no	no	INTJ
cblr-1730	205	13	.	.	NOUN
cblr-1730	205	14	06	06	NUM
cblr-1730	205	15	-	-	SYM
cblr-1730	205	16	10677	10677	NUM
cblr-1730	205	17	,	,	PUNCT
cblr-1730	205	18	2006	2006	NUM
cblr-1730	205	19	wl	wl	NOUN
cblr-1730	205	20	2077588	2077588	NUM
cblr-1730	205	21	,	,	PUNCT
cblr-1730	205	22	at	at	ADP
cblr-1730	205	23	*	*	PROPN
cblr-1730	205	24	1	1	NUM
cblr-1730	205	25	,	,	PUNCT
cblr-1730	205	26	*	*	NOUN
cblr-1730	205	27	5	5	NUM
cblr-1730	205	28	(	(	PUNCT
cblr-1730	205	29	e.d	e.d	PROPN
cblr-1730	205	30	.	.	PROPN
cblr-1730	205	31	mich	mich	PROPN
cblr-1730	205	32	.	.	PUNCT
cblr-1730	206	1	july	july	PROPN
cblr-1730	206	2	24	24	NUM
cblr-1730	206	3	,	,	PUNCT
cblr-1730	206	4	2006	2006	NUM
cblr-1730	206	5	)	)	PUNCT
cblr-1730	206	6	.	.	PUNCT
cblr-1730	207	1	66	66	NUM
cblr-1730	208	1	i	i	PRON
cblr-1730	208	2	d.	d.	VERB
cblr-1730	208	3	at	at	ADP
cblr-1730	208	4	*	*	PROPN
cblr-1730	208	5	4–5	4–5	PROPN
cblr-1730	208	6	.	.	PROPN
cblr-1730	208	7	67	67	NUM
cblr-1730	209	1	i	i	PRON
cblr-1730	209	2	d.	d.	VERB
cblr-1730	209	3	at	at	ADP
cblr-1730	209	4	*	*	PROPN
cblr-1730	209	5	5	5	NUM
cblr-1730	209	6	.	.	PUNCT
cblr-1730	210	1	smith	smith	PROPN
cblr-1730	210	2	–	–	PUNCT
cblr-1730	210	3	final	final	ADJ
cblr-1730	210	4	no	no	NOUN
cblr-1730	210	5	.	.	PUNCT
cblr-1730	211	1	3:1200	3:1200	NUM
cblr-1730	211	2	]	]	X
cblr-1730	211	3	a	a	DET
cblr-1730	211	4	uniform	uniform	ADJ
cblr-1730	211	5	fiduciary	fiduciary	ADJ
cblr-1730	211	6	duty	duty	NOUN
cblr-1730	211	7	1215	1215	NUM
cblr-1730	211	8	there	there	PRON
cblr-1730	211	9	was	be	VERB
cblr-1730	211	10	no	no	DET
cblr-1730	211	11	exercise	exercise	NOUN
cblr-1730	211	12	of	of	ADP
cblr-1730	211	13	discretionary	discretionary	ADJ
cblr-1730	211	14	authority	authority	NOUN
cblr-1730	211	15	by	by	ADP
cblr-1730	211	16	the	the	DET
cblr-1730	211	17	broker	broker	NOUN
cblr-1730	211	18	over	over	ADP
cblr-1730	211	19	the	the	DET
cblr-1730	211	20	plaintiff	plaintiff	NOUN
cblr-1730	211	21	’s	’s	PART
cblr-1730	211	22	account.68	account.68	PROPN
cblr-1730	211	23	however	however	ADV
cblr-1730	211	24	,	,	PUNCT
cblr-1730	211	25	the	the	DET
cblr-1730	211	26	court	court	NOUN
cblr-1730	211	27	took	take	VERB
cblr-1730	211	28	a	a	DET
cblr-1730	211	29	second	second	ADJ
cblr-1730	211	30	step	step	NOUN
cblr-1730	211	31	,	,	PUNCT
cblr-1730	211	32	concluding	conclude	VERB
cblr-1730	211	33	that	that	SCONJ
cblr-1730	211	34	“	"	PUNCT
cblr-1730	211	35	even	even	ADV
cblr-1730	211	36	if	if	SCONJ
cblr-1730	211	37	scottrade	scottrade	NOUN
cblr-1730	211	38	owed	owe	VERB
cblr-1730	211	39	williams	williams	PROPN
cblr-1730	211	40	and	and	CCONJ
cblr-1730	211	41	its	its	PRON
cblr-1730	211	42	other	other	ADJ
cblr-1730	211	43	customers	customer	NOUN
cblr-1730	211	44	a	a	DET
cblr-1730	211	45	fiduciary	fiduciary	ADJ
cblr-1730	211	46	duty	duty	NOUN
cblr-1730	211	47	,	,	PUNCT
cblr-1730	211	48	its	its	PRON
cblr-1730	211	49	duty	duty	NOUN
cblr-1730	211	50	could	could	AUX
cblr-1730	211	51	be	be	AUX
cblr-1730	211	52	modified	modify	VERB
cblr-1730	211	53	by	by	ADP
cblr-1730	211	54	contract	contract	NOUN
cblr-1730	211	55	.	.	PUNCT
cblr-1730	212	1	”69	”69	PUNCT
cblr-1730	212	2	based	base	VERB
cblr-1730	212	3	on	on	ADP
cblr-1730	212	4	the	the	DET
cblr-1730	212	5	similarities	similarity	NOUN
cblr-1730	212	6	between	between	ADP
cblr-1730	212	7	individual	individual	ADJ
cblr-1730	212	8	brokers	broker	NOUN
cblr-1730	212	9	and	and	CCONJ
cblr-1730	212	10	their	their	PRON
cblr-1730	212	11	online	online	ADJ
cblr-1730	212	12	platforms	platform	NOUN
cblr-1730	212	13	discussed	discuss	VERB
cblr-1730	212	14	in	in	ADP
cblr-1730	212	15	part	part	NOUN
cblr-1730	212	16	ii	ii	NOUN
cblr-1730	212	17	of	of	ADP
cblr-1730	212	18	this	this	DET
cblr-1730	212	19	note	note	NOUN
cblr-1730	212	20	,	,	PUNCT
cblr-1730	212	21	the	the	DET
cblr-1730	212	22	court	court	NOUN
cblr-1730	212	23	’s	’s	PART
cblr-1730	212	24	second	second	ADJ
cblr-1730	212	25	line	line	NOUN
cblr-1730	212	26	of	of	ADP
cblr-1730	212	27	reasoning	reasoning	NOUN
cblr-1730	212	28	was	be	AUX
cblr-1730	212	29	essential	essential	ADJ
cblr-1730	212	30	.	.	PUNCT
cblr-1730	213	1	this	this	DET
cblr-1730	213	2	note	note	NOUN
cblr-1730	213	3	argues	argue	VERB
cblr-1730	213	4	that	that	SCONJ
cblr-1730	213	5	the	the	DET
cblr-1730	213	6	duties	duty	NOUN
cblr-1730	213	7	traditionally	traditionally	ADV
cblr-1730	213	8	applied	apply	VERB
cblr-1730	213	9	to	to	ADP
cblr-1730	213	10	brokers	broker	NOUN
cblr-1730	213	11	should	should	AUX
cblr-1730	213	12	be	be	AUX
cblr-1730	213	13	extended	extend	VERB
cblr-1730	213	14	to	to	ADP
cblr-1730	213	15	their	their	PRON
cblr-1730	213	16	online	online	ADJ
cblr-1730	213	17	platforms	platform	NOUN
cblr-1730	213	18	,	,	PUNCT
cblr-1730	213	19	which	which	PRON
cblr-1730	213	20	share	share	VERB
cblr-1730	213	21	many	many	ADJ
cblr-1730	213	22	of	of	ADP
cblr-1730	213	23	the	the	DET
cblr-1730	213	24	same	same	ADJ
cblr-1730	213	25	functions	function	NOUN
cblr-1730	213	26	,	,	PUNCT
cblr-1730	213	27	services	service	NOUN
cblr-1730	213	28	,	,	PUNCT
cblr-1730	213	29	payment	payment	NOUN
cblr-1730	213	30	schemes	scheme	NOUN
cblr-1730	213	31	,	,	PUNCT
cblr-1730	213	32	and	and	CCONJ
cblr-1730	213	33	relationships	relationship	NOUN
cblr-1730	213	34	with	with	ADP
cblr-1730	213	35	clients	client	NOUN
cblr-1730	213	36	.	.	PUNCT
cblr-1730	214	1	since	since	SCONJ
cblr-1730	214	2	courts	court	NOUN
cblr-1730	214	3	have	have	AUX
cblr-1730	214	4	extended	extend	VERB
cblr-1730	214	5	the	the	DET
cblr-1730	214	6	suitability	suitability	NOUN
cblr-1730	214	7	rule	rule	NOUN
cblr-1730	214	8	,	,	PUNCT
cblr-1730	214	9	and	and	CCONJ
cblr-1730	214	10	in	in	ADP
cblr-1730	214	11	many	many	ADJ
cblr-1730	214	12	cases	case	NOUN
cblr-1730	214	13	even	even	ADV
cblr-1730	214	14	fiduciary	fiduciary	ADJ
cblr-1730	214	15	obligations	obligation	NOUN
cblr-1730	214	16	to	to	ADP
cblr-1730	214	17	brokers,70	brokers,70	NOUN
cblr-1730	214	18	one	one	PRON
cblr-1730	214	19	could	could	AUX
cblr-1730	214	20	reasonably	reasonably	ADV
cblr-1730	214	21	conclude	conclude	VERB
cblr-1730	214	22	that	that	SCONJ
cblr-1730	214	23	these	these	DET
cblr-1730	214	24	same	same	ADJ
cblr-1730	214	25	,	,	PUNCT
cblr-1730	214	26	or	or	CCONJ
cblr-1730	214	27	some	some	PRON
cblr-1730	214	28	similar	similar	ADJ
cblr-1730	214	29	,	,	PUNCT
cblr-1730	214	30	standards	standard	NOUN
cblr-1730	214	31	should	should	AUX
cblr-1730	214	32	be	be	AUX
cblr-1730	214	33	extended	extend	VERB
cblr-1730	214	34	to	to	ADP
cblr-1730	214	35	brokerage	brokerage	NOUN
cblr-1730	214	36	firms	firm	NOUN
cblr-1730	214	37	’	’	PART
cblr-1730	214	38	online	online	ADJ
cblr-1730	214	39	platforms	platform	NOUN
cblr-1730	214	40	.	.	PUNCT
cblr-1730	215	1	thus	thus	ADV
cblr-1730	215	2	,	,	PUNCT
cblr-1730	215	3	to	to	PART
cblr-1730	215	4	prevent	prevent	VERB
cblr-1730	215	5	such	such	DET
cblr-1730	215	6	an	an	DET
cblr-1730	215	7	outcome	outcome	NOUN
cblr-1730	215	8	,	,	PUNCT
cblr-1730	215	9	the	the	DET
cblr-1730	215	10	court	court	NOUN
cblr-1730	215	11	in	in	ADP
cblr-1730	215	12	williams	williams	PROPN
cblr-1730	215	13	v.	v.	ADP
cblr-1730	215	14	scottrade	scottrade	NOUN
cblr-1730	215	15	conceded	concede	VERB
cblr-1730	215	16	that	that	SCONJ
cblr-1730	215	17	even	even	ADV
cblr-1730	215	18	if	if	SCONJ
cblr-1730	215	19	brokerage	brokerage	NOUN
cblr-1730	215	20	firms	firm	NOUN
cblr-1730	215	21	generally	generally	ADV
cblr-1730	215	22	,	,	PUNCT
cblr-1730	215	23	or	or	CCONJ
cblr-1730	215	24	their	their	PRON
cblr-1730	215	25	online	online	ADJ
cblr-1730	215	26	platforms	platform	NOUN
cblr-1730	215	27	specifically	specifically	ADV
cblr-1730	215	28	,	,	PUNCT
cblr-1730	215	29	owe	owe	VERB
cblr-1730	215	30	fiduciary	fiduciary	ADJ
cblr-1730	215	31	obligations	obligation	NOUN
cblr-1730	215	32	to	to	ADP
cblr-1730	215	33	their	their	PRON
cblr-1730	215	34	clients	client	NOUN
cblr-1730	215	35	,	,	PUNCT
cblr-1730	215	36	these	these	DET
cblr-1730	215	37	duties	duty	NOUN
cblr-1730	215	38	may	may	AUX
cblr-1730	215	39	be	be	AUX
cblr-1730	215	40	modified	modify	VERB
cblr-1730	215	41	by	by	ADP
cblr-1730	215	42	a	a	DET
cblr-1730	215	43	contract.71	contract.71	NOUN
cblr-1730	215	44	the	the	DET
cblr-1730	215	45	result	result	NOUN
cblr-1730	215	46	of	of	ADP
cblr-1730	215	47	cases	case	NOUN
cblr-1730	215	48	such	such	ADJ
cblr-1730	215	49	as	as	ADP
cblr-1730	215	50	scottrade	scottrade	NOUN
cblr-1730	215	51	has	have	AUX
cblr-1730	215	52	been	be	AUX
cblr-1730	215	53	the	the	DET
cblr-1730	215	54	industry	industry	NOUN
cblr-1730	215	55	-	-	PUNCT
cblr-1730	215	56	wide	wide	ADJ
cblr-1730	215	57	use	use	NOUN
cblr-1730	215	58	of	of	ADP
cblr-1730	215	59	standard	standard	ADJ
cblr-1730	215	60	-	-	PUNCT
cblr-1730	215	61	form	form	NOUN
cblr-1730	215	62	online	online	ADJ
cblr-1730	215	63	brokerage	brokerage	NOUN
cblr-1730	215	64	agreements	agreement	NOUN
cblr-1730	215	65	with	with	ADP
cblr-1730	215	66	strict	strict	ADJ
cblr-1730	215	67	terms	term	NOUN
cblr-1730	215	68	that	that	PRON
cblr-1730	215	69	are	be	AUX
cblr-1730	215	70	governed	govern	VERB
cblr-1730	215	71	under	under	ADP
cblr-1730	215	72	contract	contract	NOUN
cblr-1730	215	73	law	law	NOUN
cblr-1730	215	74	during	during	ADP
cblr-1730	215	75	any	any	DET
cblr-1730	215	76	legal	legal	ADJ
cblr-1730	215	77	challenge	challenge	NOUN
cblr-1730	215	78	and	and	CCONJ
cblr-1730	215	79	substantially	substantially	ADV
cblr-1730	215	80	reduce	reduce	VERB
cblr-1730	215	81	liability	liability	NOUN
cblr-1730	215	82	for	for	ADP
cblr-1730	215	83	the	the	DET
cblr-1730	215	84	brokerage	brokerage	NOUN
cblr-1730	215	85	firm.72	firm.72	NOUN
cblr-1730	215	86	68	68	NUM
cblr-1730	216	1	i	i	PRON
cblr-1730	216	2	d.	d.	PROPN
cblr-1730	216	3	69	69	NUM
cblr-1730	217	1	i	i	PRON
cblr-1730	217	2	d.	d.	PROPN
cblr-1730	217	3	70	70	NUM
cblr-1730	217	4	faber	faber	NOUN
cblr-1730	217	5	,	,	PUNCT
cblr-1730	217	6	exchange	exchange	NOUN
cblr-1730	217	7	act	act	NOUN
cblr-1730	217	8	release	release	VERB
cblr-1730	217	9	no	no	NOUN
cblr-1730	217	10	.	.	NOUN
cblr-1730	217	11	34	34	NUM
cblr-1730	217	12	-	-	SYM
cblr-1730	217	13	49216	49216	NUM
cblr-1730	217	14	,	,	PUNCT
cblr-1730	217	15	82	82	NUM
cblr-1730	217	16	sec	sec	PROPN
cblr-1730	217	17	docket	docket	NOUN
cblr-1730	217	18	453	453	NUM
cblr-1730	217	19	,	,	PUNCT
cblr-1730	217	20	458	458	NUM
cblr-1730	217	21	(	(	PUNCT
cblr-1730	217	22	feb	feb	PROPN
cblr-1730	217	23	.	.	PROPN
cblr-1730	217	24	10	10	NUM
cblr-1730	217	25	,	,	PUNCT
cblr-1730	217	26	2004	2004	NUM
cblr-1730	217	27	)	)	PUNCT
cblr-1730	217	28	.	.	PUNCT
cblr-1730	218	1	see	see	VERB
cblr-1730	218	2	also	also	ADV
cblr-1730	218	3	sec	sec	PROPN
cblr-1730	219	1	v.	v.	PROPN
cblr-1730	219	2	zandford	zandford	PROPN
cblr-1730	219	3	,	,	PUNCT
cblr-1730	219	4	535	535	NUM
cblr-1730	219	5	u.s	u.s	PROPN
cblr-1730	219	6	.	.	PROPN
cblr-1730	219	7	813	813	NUM
cblr-1730	219	8	,	,	PUNCT
cblr-1730	219	9	822–23	822–23	NUM
cblr-1730	219	10	(	(	PUNCT
cblr-1730	219	11	2002	2002	NUM
cblr-1730	219	12	)	)	PUNCT
cblr-1730	219	13	;	;	PUNCT
cblr-1730	219	14	united	united	PROPN
cblr-1730	219	15	states	states	PROPN
cblr-1730	219	16	v.	v.	CCONJ
cblr-1730	219	17	skelly	skelly	PROPN
cblr-1730	219	18	,	,	PUNCT
cblr-1730	219	19	442	442	NUM
cblr-1730	219	20	f.3d	f.3d	NUM
cblr-1730	219	21	94	94	NUM
cblr-1730	219	22	,	,	PUNCT
cblr-1730	219	23	98	98	NUM
cblr-1730	219	24	(	(	PUNCT
cblr-1730	219	25	2d	2d	NUM
cblr-1730	219	26	cir	cir	NOUN
cblr-1730	219	27	.	.	PUNCT
cblr-1730	219	28	2006	2006	NUM
cblr-1730	219	29	)	)	PUNCT
cblr-1730	219	30	;	;	PUNCT
cblr-1730	219	31	united	united	PROPN
cblr-1730	219	32	states	states	PROPN
cblr-1730	219	33	v.	v.	PROPN
cblr-1730	219	34	szur	szur	PROPN
cblr-1730	219	35	,	,	PUNCT
cblr-1730	219	36	289	289	NUM
cblr-1730	219	37	f.3d	f.3d	NUM
cblr-1730	219	38	200	200	NUM
cblr-1730	219	39	,	,	PUNCT
cblr-1730	219	40	211	211	NUM
cblr-1730	219	41	(	(	PUNCT
cblr-1730	219	42	2d	2d	NUM
cblr-1730	219	43	cir	cir	NOUN
cblr-1730	219	44	.	.	PUNCT
cblr-1730	219	45	2002	2002	NUM
cblr-1730	219	46	)	)	PUNCT
cblr-1730	219	47	;	;	PUNCT
cblr-1730	219	48	leib	leib	PROPN
cblr-1730	219	49	v.	v.	PROPN
cblr-1730	219	50	merrill	merrill	PROPN
cblr-1730	219	51	lynch	lynch	PROPN
cblr-1730	219	52	,	,	PUNCT
cblr-1730	219	53	pierce	pierce	PROPN
cblr-1730	219	54	,	,	PUNCT
cblr-1730	219	55	fenner	fenner	PROPN
cblr-1730	219	56	&	&	CCONJ
cblr-1730	219	57	smith	smith	PROPN
cblr-1730	219	58	,	,	PUNCT
cblr-1730	219	59	inc	inc	PROPN
cblr-1730	219	60	.	.	PROPN
cblr-1730	219	61	,	,	PUNCT
cblr-1730	219	62	461	461	NUM
cblr-1730	219	63	f.	f.	PROPN
cblr-1730	219	64	supp	supp	PROPN
cblr-1730	219	65	.	.	PUNCT
cblr-1730	220	1	951	951	NUM
cblr-1730	220	2	,	,	PUNCT
cblr-1730	220	3	953–54	953–54	NUM
cblr-1730	220	4	(	(	PUNCT
cblr-1730	220	5	e.d	e.d	PROPN
cblr-1730	220	6	.	.	PROPN
cblr-1730	220	7	mich	mich	PROPN
cblr-1730	220	8	.	.	PROPN
cblr-1730	221	1	1978	1978	NUM
cblr-1730	221	2	)	)	PUNCT
cblr-1730	221	3	,	,	PUNCT
cblr-1730	221	4	aff’d	aff’d	VERB
cblr-1730	221	5	,	,	PUNCT
cblr-1730	221	6	647	647	NUM
cblr-1730	221	7	f.2d	f.2d	NOUN
cblr-1730	221	8	165	165	NUM
cblr-1730	221	9	(	(	PUNCT
cblr-1730	221	10	6th	6th	ADJ
cblr-1730	221	11	cir	cir	NOUN
cblr-1730	221	12	.	.	PUNCT
cblr-1730	221	13	1981	1981	NUM
cblr-1730	221	14	)	)	PUNCT
cblr-1730	221	15	;	;	PUNCT
cblr-1730	221	16	epstein	epstein	PROPN
cblr-1730	221	17	,	,	PUNCT
cblr-1730	221	18	exchange	exchange	NOUN
cblr-1730	221	19	act	act	PROPN
cblr-1730	221	20	release	release	VERB
cblr-1730	221	21	no	no	NOUN
cblr-1730	221	22	.	.	NOUN
cblr-1730	221	23	34	34	NUM
cblr-1730	221	24	-	-	SYM
cblr-1730	221	25	59328	59328	NUM
cblr-1730	221	26	,	,	PUNCT
cblr-1730	221	27	95	95	NUM
cblr-1730	221	28	sec	sec	PROPN
cblr-1730	221	29	docket	docket	NOUN
cblr-1730	221	30	285	285	NUM
cblr-1730	221	31	,	,	PUNCT
cblr-1730	221	32	294	294	NUM
cblr-1730	221	33	,	,	PUNCT
cblr-1730	221	34	300	300	NUM
cblr-1730	221	35	(	(	PUNCT
cblr-1730	221	36	jan	jan	PROPN
cblr-1730	221	37	.	.	PROPN
cblr-1730	221	38	30	30	NUM
cblr-1730	221	39	,	,	PUNCT
cblr-1730	221	40	2009	2009	NUM
cblr-1730	221	41	)	)	PUNCT
cblr-1730	221	42	;	;	PUNCT
cblr-1730	221	43	belden	belden	NOUN
cblr-1730	221	44	,	,	PUNCT
cblr-1730	221	45	exchange	exchange	NOUN
cblr-1730	221	46	act	act	NOUN
cblr-1730	221	47	release	release	VERB
cblr-1730	221	48	no	no	PRON
cblr-1730	221	49	.	.	NOUN
cblr-1730	221	50	3447859	3447859	NUM
cblr-1730	221	51	,	,	PUNCT
cblr-1730	221	52	80	80	NUM
cblr-1730	221	53	sec	sec	PROPN
cblr-1730	221	54	docket	docket	NOUN
cblr-1730	221	55	563	563	NUM
cblr-1730	221	56	,	,	PUNCT
cblr-1730	221	57	565	565	NUM
cblr-1730	221	58	(	(	PUNCT
cblr-1730	221	59	may	may	PROPN
cblr-1730	221	60	14	14	NUM
cblr-1730	221	61	,	,	PUNCT
cblr-1730	221	62	2003	2003	NUM
cblr-1730	221	63	)	)	PUNCT
cblr-1730	221	64	;	;	PUNCT
cblr-1730	221	65	howard	howard	PROPN
cblr-1730	221	66	,	,	PUNCT
cblr-1730	221	67	exchange	exchange	NOUN
cblr-1730	221	68	act	act	PROPN
cblr-1730	221	69	release	release	VERB
cblr-1730	221	70	no	no	NOUN
cblr-1730	221	71	.	.	NOUN
cblr-1730	221	72	34	34	NUM
cblr-1730	221	73	-	-	SYM
cblr-1730	221	74	46269	46269	NUM
cblr-1730	221	75	,	,	PUNCT
cblr-1730	221	76	78	78	NUM
cblr-1730	221	77	sec	sec	PROPN
cblr-1730	221	78	docket	docket	NOUN
cblr-1730	221	79	338	338	NUM
cblr-1730	221	80	,	,	PUNCT
cblr-1730	221	81	339	339	NUM
cblr-1730	221	82	(	(	PUNCT
cblr-1730	221	83	july	july	PROPN
cblr-1730	221	84	26	26	NUM
cblr-1730	221	85	,	,	PUNCT
cblr-1730	221	86	2002	2002	NUM
cblr-1730	221	87	)	)	PUNCT
cblr-1730	221	88	,	,	PUNCT
cblr-1730	221	89	aff’d	aff’d	VERB
cblr-1730	221	90	,	,	PUNCT
cblr-1730	221	91	77	77	NUM
cblr-1730	221	92	fed	fed	PROPN
cblr-1730	221	93	.	.	PUNCT
cblr-1730	222	1	appx	appx	PROPN
cblr-1730	222	2	.	.	PROPN
cblr-1730	222	3	2	2	NUM
cblr-1730	222	4	(	(	PUNCT
cblr-1730	222	5	1st	1st	ADJ
cblr-1730	222	6	cir	cir	NOUN
cblr-1730	222	7	.	.	PROPN
cblr-1730	222	8	2003	2003	NUM
cblr-1730	222	9	)	)	PUNCT
cblr-1730	222	10	.	.	PUNCT
cblr-1730	223	1	71	71	NUM
cblr-1730	223	2	williams	william	NOUN
cblr-1730	223	3	,	,	PUNCT
cblr-1730	223	4	2006	2006	NUM
cblr-1730	223	5	wl	wl	NOUN
cblr-1730	223	6	2077588	2077588	NUM
cblr-1730	223	7	,	,	PUNCT
cblr-1730	223	8	at	at	ADP
cblr-1730	223	9	*	*	PROPN
cblr-1730	223	10	5	5	NUM
cblr-1730	223	11	.	.	SYM
cblr-1730	223	12	72	72	NUM
cblr-1730	223	13	see	see	VERB
cblr-1730	223	14	brokerage	brokerage	NOUN
cblr-1730	223	15	account	account	NOUN
cblr-1730	223	16	agreement	agreement	NOUN
cblr-1730	223	17	,	,	PUNCT
cblr-1730	223	18	optionsxpress	optionsxpress	NOUN
cblr-1730	223	19	1	1	NUM
cblr-1730	223	20	,	,	PUNCT
cblr-1730	223	21	19–20	19–20	NUM
cblr-1730	223	22	,	,	PUNCT
cblr-1730	223	23	38	38	NUM
cblr-1730	223	24	(	(	PUNCT
cblr-1730	223	25	july	july	PROPN
cblr-1730	223	26	2016	2016	NUM
cblr-1730	223	27	)	)	PUNCT
cblr-1730	224	1	https://onlineint.optionsxpress.com/static/pdf/brokerage_acsmith	https://onlineint.optionsxpress.com/static/pdf/brokerage_acsmith	PROPN
cblr-1730	224	2	–	–	PUNCT
cblr-1730	224	3	final	final	ADJ
cblr-1730	224	4	1216	1216	NUM
cblr-1730	224	5	columbia	columbia	PROPN
cblr-1730	224	6	business	business	NOUN
cblr-1730	224	7	law	law	PROPN
cblr-1730	224	8	review	review	NOUN
cblr-1730	224	9	[	[	X
cblr-1730	224	10	vol	vol	NOUN
cblr-1730	224	11	.	.	NOUN
cblr-1730	224	12	2017	2017	NUM
cblr-1730	224	13	for	for	ADP
cblr-1730	224	14	online	online	ADJ
cblr-1730	224	15	investors	investor	NOUN
cblr-1730	224	16	,	,	PUNCT
cblr-1730	224	17	a	a	DET
cblr-1730	224	18	consumer	consumer	NOUN
cblr-1730	224	19	protection	protection	NOUN
cblr-1730	224	20	system	system	NOUN
cblr-1730	224	21	based	base	VERB
cblr-1730	224	22	in	in	ADP
cblr-1730	224	23	contract	contract	NOUN
cblr-1730	224	24	law	law	NOUN
cblr-1730	224	25	may	may	AUX
cblr-1730	224	26	not	not	PART
cblr-1730	224	27	be	be	AUX
cblr-1730	224	28	any	any	ADV
cblr-1730	224	29	worse	bad	ADJ
cblr-1730	224	30	than	than	ADP
cblr-1730	224	31	the	the	DET
cblr-1730	224	32	mixed	mix	VERB
cblr-1730	224	33	-	-	PUNCT
cblr-1730	224	34	bag	bag	NOUN
cblr-1730	224	35	fiduciary	fiduciary	ADJ
cblr-1730	224	36	and	and	CCONJ
cblr-1730	224	37	semi	semi	ADJ
cblr-1730	224	38	-	-	ADJ
cblr-1730	224	39	fiduciary	fiduciary	ADJ
cblr-1730	224	40	systems	system	NOUN
cblr-1730	224	41	that	that	PRON
cblr-1730	224	42	currently	currently	ADV
cblr-1730	224	43	govern	govern	VERB
cblr-1730	224	44	brokers	broker	NOUN
cblr-1730	224	45	.	.	PUNCT
cblr-1730	225	1	hence	hence	ADV
cblr-1730	225	2	,	,	PUNCT
cblr-1730	225	3	the	the	DET
cblr-1730	225	4	question	question	NOUN
cblr-1730	225	5	becomes	become	VERB
cblr-1730	225	6	:	:	PUNCT
cblr-1730	225	7	what	what	DET
cblr-1730	225	8	problems	problem	NOUN
cblr-1730	225	9	regarding	regard	VERB
cblr-1730	225	10	investor	investor	NOUN
cblr-1730	225	11	protection	protection	NOUN
cblr-1730	225	12	,	,	PUNCT
cblr-1730	225	13	consumer	consumer	NOUN
cblr-1730	225	14	confusion	confusion	NOUN
cblr-1730	225	15	,	,	PUNCT
cblr-1730	225	16	and	and	CCONJ
cblr-1730	225	17	market	market	NOUN
cblr-1730	225	18	efficiency	efficiency	NOUN
cblr-1730	225	19	does	do	AUX
cblr-1730	225	20	the	the	DET
cblr-1730	225	21	current	current	ADJ
cblr-1730	225	22	contract	contract	NOUN
cblr-1730	225	23	-	-	PUNCT
cblr-1730	225	24	based	base	VERB
cblr-1730	225	25	system	system	NOUN
cblr-1730	225	26	create	create	VERB
cblr-1730	225	27	?	?	PUNCT
cblr-1730	226	1	b.	b.	PROPN
cblr-1730	226	2	problems	problem	NOUN
cblr-1730	226	3	facing	face	VERB
cblr-1730	226	4	the	the	DET
cblr-1730	226	5	current	current	ADJ
cblr-1730	226	6	contract	contract	NOUN
cblr-1730	226	7	-	-	PUNCT
cblr-1730	226	8	based	base	VERB
cblr-1730	226	9	approaches	approach	NOUN
cblr-1730	226	10	a	a	DET
cblr-1730	226	11	problem	problem	NOUN
cblr-1730	226	12	common	common	ADJ
cblr-1730	226	13	to	to	ADP
cblr-1730	226	14	most	most	ADJ
cblr-1730	226	15	negotiation	negotiation	NOUN
cblr-1730	226	16	contexts	contexts	NOUN
cblr-1730	226	17	is	be	AUX
cblr-1730	226	18	the	the	DET
cblr-1730	226	19	imbalance	imbalance	NOUN
cblr-1730	226	20	of	of	ADP
cblr-1730	226	21	bargaining	bargaining	NOUN
cblr-1730	226	22	power	power	NOUN
cblr-1730	226	23	and	and	CCONJ
cblr-1730	226	24	its	its	PRON
cblr-1730	226	25	impact	impact	NOUN
cblr-1730	226	26	on	on	ADP
cblr-1730	226	27	the	the	DET
cblr-1730	226	28	parties	party	NOUN
cblr-1730	226	29	’	’	PART
cblr-1730	226	30	rights	right	NOUN
cblr-1730	226	31	and	and	CCONJ
cblr-1730	226	32	obligations.73	obligations.73	ADV
cblr-1730	226	33	unlike	unlike	ADP
cblr-1730	226	34	a	a	DET
cblr-1730	226	35	blanket	blanket	NOUN
cblr-1730	226	36	rule	rule	NOUN
cblr-1730	226	37	such	such	ADJ
cblr-1730	226	38	as	as	ADP
cblr-1730	226	39	a	a	DET
cblr-1730	226	40	‘	'	PUNCT
cblr-1730	226	41	best	good	ADJ
cblr-1730	226	42	interests	interest	NOUN
cblr-1730	226	43	’	'	PUNCT
cblr-1730	226	44	standard	standard	ADJ
cblr-1730	226	45	,	,	PUNCT
cblr-1730	226	46	contract	contract	NOUN
cblr-1730	226	47	-	-	PUNCT
cblr-1730	226	48	based	base	VERB
cblr-1730	226	49	rights	right	NOUN
cblr-1730	226	50	and	and	CCONJ
cblr-1730	226	51	obligations	obligation	NOUN
cblr-1730	226	52	are	be	AUX
cblr-1730	226	53	bargained	bargain	VERB
cblr-1730	226	54	for.74	for.74	ADJ
cblr-1730	226	55	however	however	ADV
cblr-1730	226	56	,	,	PUNCT
cblr-1730	226	57	in	in	ADP
cblr-1730	226	58	the	the	DET
cblr-1730	226	59	context	context	NOUN
cblr-1730	226	60	of	of	ADP
cblr-1730	226	61	a	a	DET
cblr-1730	226	62	well	well	ADV
cblr-1730	226	63	-	-	PUNCT
cblr-1730	226	64	saturated	saturate	VERB
cblr-1730	226	65	market	market	NOUN
cblr-1730	226	66	in	in	ADP
cblr-1730	226	67	which	which	PRON
cblr-1730	226	68	many	many	ADJ
cblr-1730	226	69	investors	investor	NOUN
cblr-1730	226	70	are	be	AUX
cblr-1730	226	71	relatively	relatively	ADV
cblr-1730	226	72	powerless	powerless	ADJ
cblr-1730	226	73	(	(	PUNCT
cblr-1730	226	74	i.e.	i.e.	X
cblr-1730	226	75	,	,	PUNCT
cblr-1730	226	76	comparatively	comparatively	ADV
cblr-1730	226	77	lacking	lacking	ADJ
cblr-1730	226	78	in	in	ADP
cblr-1730	226	79	financial	financial	ADJ
cblr-1730	226	80	and	and	CCONJ
cblr-1730	226	81	legal	legal	ADJ
cblr-1730	226	82	resources	resource	NOUN
cblr-1730	226	83	)	)	PUNCT
cblr-1730	226	84	against	against	ADP
cblr-1730	226	85	a	a	DET
cblr-1730	226	86	few	few	ADJ
cblr-1730	226	87	powerful	powerful	ADJ
cblr-1730	226	88	suppliers	supplier	NOUN
cblr-1730	226	89	of	of	ADP
cblr-1730	226	90	online	online	ADJ
cblr-1730	226	91	brokerage	brokerage	NOUN
cblr-1730	226	92	services	service	NOUN
cblr-1730	226	93	,	,	PUNCT
cblr-1730	226	94	the	the	DET
cblr-1730	226	95	bargaining	bargaining	NOUN
cblr-1730	226	96	power	power	NOUN
cblr-1730	226	97	is	be	AUX
cblr-1730	226	98	distributed	distribute	VERB
cblr-1730	226	99	heavily	heavily	ADV
cblr-1730	226	100	in	in	ADP
cblr-1730	226	101	favor	favor	NOUN
cblr-1730	226	102	of	of	ADP
cblr-1730	226	103	the	the	DET
cblr-1730	226	104	brokerage	brokerage	NOUN
cblr-1730	226	105	firms	firm	NOUN
cblr-1730	226	106	.	.	PUNCT
cblr-1730	227	1	the	the	DET
cblr-1730	227	2	result	result	NOUN
cblr-1730	227	3	has	have	AUX
cblr-1730	227	4	been	be	AUX
cblr-1730	227	5	an	an	DET
cblr-1730	227	6	effective	effective	ADJ
cblr-1730	227	7	‘	'	PUNCT
cblr-1730	227	8	take	take	VERB
cblr-1730	227	9	it	it	PRON
cblr-1730	227	10	or	or	CCONJ
cblr-1730	227	11	leave	leave	VERB
cblr-1730	227	12	it	it	PRON
cblr-1730	227	13	’	'	PUNCT
cblr-1730	227	14	policy	policy	NOUN
cblr-1730	227	15	:	:	PUNCT
cblr-1730	227	16	virtually	virtually	ADV
cblr-1730	227	17	every	every	DET
cblr-1730	227	18	brokerage	brokerage	NOUN
cblr-1730	227	19	firm	firm	NOUN
cblr-1730	227	20	provides	provide	VERB
cblr-1730	227	21	potential	potential	ADJ
cblr-1730	227	22	accountholders	accountholder	NOUN
cblr-1730	227	23	with	with	ADP
cblr-1730	227	24	the	the	DET
cblr-1730	227	25	same	same	ADJ
cblr-1730	227	26	(	(	PUNCT
cblr-1730	227	27	or	or	CCONJ
cblr-1730	227	28	substantially	substantially	ADV
cblr-1730	227	29	similar	similar	ADJ
cblr-1730	227	30	)	)	PUNCT
cblr-1730	227	31	terms	term	NOUN
cblr-1730	227	32	as	as	ADP
cblr-1730	227	33	those	those	PRON
cblr-1730	227	34	in	in	ADP
cblr-1730	227	35	the	the	DET
cblr-1730	227	36	above	above	ADJ
cblr-1730	227	37	scottrade	scottrade	NOUN
cblr-1730	227	38	agreement	agreement	NOUN
cblr-1730	227	39	,	,	PUNCT
cblr-1730	227	40	and	and	CCONJ
cblr-1730	227	41	customers	customer	NOUN
cblr-1730	227	42	are	be	AUX
cblr-1730	227	43	required	require	VERB
cblr-1730	227	44	to	to	PART
cblr-1730	227	45	agree	agree	VERB
cblr-1730	227	46	to	to	ADP
cblr-1730	227	47	these	these	DET
cblr-1730	227	48	terms	term	NOUN
cblr-1730	227	49	in	in	ADP
cblr-1730	227	50	order	order	NOUN
cblr-1730	227	51	to	to	PART
cblr-1730	227	52	use	use	VERB
cblr-1730	227	53	their	their	PRON
cblr-1730	227	54	services.75	services.75	NOUN
cblr-1730	227	55	in	in	ADP
cblr-1730	227	56	theory	theory	NOUN
cblr-1730	227	57	,	,	PUNCT
cblr-1730	227	58	if	if	SCONJ
cblr-1730	227	59	the	the	DET
cblr-1730	227	60	investor	investor	NOUN
cblr-1730	227	61	disagrees	disagree	VERB
cblr-1730	227	62	with	with	ADP
cblr-1730	227	63	the	the	DET
cblr-1730	227	64	terms	term	NOUN
cblr-1730	227	65	,	,	PUNCT
cblr-1730	227	66	they	they	PRON
cblr-1730	227	67	are	be	AUX
cblr-1730	227	68	free	free	ADJ
cblr-1730	227	69	to	to	PART
cblr-1730	227	70	go	go	VERB
cblr-1730	227	71	elsewhere	elsewhere	ADV
cblr-1730	227	72	.	.	PUNCT
cblr-1730	228	1	the	the	DET
cblr-1730	228	2	problem	problem	NOUN
cblr-1730	228	3	is	be	AUX
cblr-1730	228	4	that	that	SCONJ
cblr-1730	228	5	these	these	DET
cblr-1730	228	6	industry	industry	NOUN
cblr-1730	228	7	-	-	PUNCT
cblr-1730	228	8	wide	wide	ADJ
cblr-1730	228	9	standard	standard	ADJ
cblr-1730	228	10	liability	liability	NOUN
cblr-1730	228	11	disclaimers	disclaimer	NOUN
cblr-1730	228	12	make	make	VERB
cblr-1730	228	13	it	it	PRON
cblr-1730	228	14	so	so	ADV
cblr-1730	228	15	there	there	PRON
cblr-1730	228	16	is	be	VERB
cblr-1730	228	17	not	not	PART
cblr-1730	228	18	really	really	ADV
cblr-1730	228	19	anywhere	anywhere	ADV
cblr-1730	228	20	else	else	ADV
cblr-1730	228	21	to	to	PART
cblr-1730	228	22	go	go	VERB
cblr-1730	228	23	.	.	PUNCT
cblr-1730	229	1	therefore	therefore	ADV
cblr-1730	229	2	,	,	PUNCT
cblr-1730	229	3	generally	generally	ADV
cblr-1730	229	4	,	,	PUNCT
cblr-1730	229	5	the	the	DET
cblr-1730	229	6	investors	investor	NOUN
cblr-1730	229	7	who	who	PRON
cblr-1730	229	8	exclusively	exclusively	ADV
cblr-1730	229	9	utilize	utilize	VERB
cblr-1730	229	10	online	online	ADJ
cblr-1730	229	11	trading	trading	NOUN
cblr-1730	229	12	platforms	platform	NOUN
cblr-1730	229	13	have	have	VERB
cblr-1730	229	14	the	the	DET
cblr-1730	229	15	lowest	low	ADJ
cblr-1730	229	16	level	level	NOUN
cblr-1730	229	17	of	of	ADP
cblr-1730	229	18	legal	legal	ADJ
cblr-1730	229	19	protections	protection	NOUN
cblr-1730	229	20	compared	compare	VERB
cblr-1730	229	21	to	to	ADP
cblr-1730	229	22	the	the	DET
cblr-1730	229	23	higher	high	ADJ
cblr-1730	229	24	fiduciary	fiduciary	ADJ
cblr-1730	229	25	count_agreement.pdf	count_agreement.pdf	NOUN
cblr-1730	230	1	[	[	X
cblr-1730	230	2	perma.cc/8ed8-kevu	perma.cc/8ed8-kevu	X
cblr-1730	230	3	]	]	X
cblr-1730	230	4	;	;	PUNCT
cblr-1730	230	5	brokerage	brokerage	NOUN
cblr-1730	230	6	account	account	NOUN
cblr-1730	230	7	agreement	agreement	NOUN
cblr-1730	230	8	,	,	PUNCT
cblr-1730	230	9	supra	supra	PROPN
cblr-1730	230	10	note	note	NOUN
cblr-1730	230	11	46	46	NUM
cblr-1730	230	12	,	,	PUNCT
cblr-1730	230	13	at	at	ADP
cblr-1730	230	14	2	2	NUM
cblr-1730	230	15	,	,	PUNCT
cblr-1730	230	16	13	13	NUM
cblr-1730	230	17	;	;	PUNCT
cblr-1730	230	18	client	client	NOUN
cblr-1730	230	19	agreement	agreement	NOUN
cblr-1730	230	20	,	,	PUNCT
cblr-1730	230	21	td	td	PROPN
cblr-1730	230	22	ameritrade	ameritrade	PROPN
cblr-1730	230	23	1	1	NUM
cblr-1730	230	24	,	,	PUNCT
cblr-1730	230	25	8	8	NUM
cblr-1730	230	26	(	(	PUNCT
cblr-1730	230	27	2017	2017	NUM
cblr-1730	230	28	)	)	PUNCT
cblr-1730	230	29	https://www.tdameritrade.com/retail-en_us/resources/pdf/amtd182.pdf	https://www.tdameritrade.com/retail-en_us/resources/pdf/amtd182.pdf	NOUN
cblr-1730	230	30	[	[	X
cblr-1730	230	31	perma.cc/wec6-wt5s	perma.cc/wec6-wt5s	PROPN
cblr-1730	230	32	]	]	PUNCT
cblr-1730	230	33	.	.	PUNCT
cblr-1730	231	1	73	73	NUM
cblr-1730	231	2	robert	robert	PROPN
cblr-1730	231	3	s.	s.	PROPN
cblr-1730	231	4	adler	adler	PROPN
cblr-1730	231	5	&	&	CCONJ
cblr-1730	231	6	elliot	elliot	PROPN
cblr-1730	231	7	m.	m.	PROPN
cblr-1730	231	8	silverstein	silverstein	PROPN
cblr-1730	231	9	,	,	PUNCT
cblr-1730	231	10	when	when	SCONJ
cblr-1730	231	11	david	david	PROPN
cblr-1730	231	12	meets	meet	VERB
cblr-1730	231	13	goliath	goliath	NOUN
cblr-1730	231	14	:	:	PUNCT
cblr-1730	231	15	dealing	deal	VERB
cblr-1730	231	16	with	with	ADP
cblr-1730	231	17	power	power	NOUN
cblr-1730	231	18	differentials	differential	NOUN
cblr-1730	231	19	in	in	ADP
cblr-1730	231	20	negotiations	negotiation	NOUN
cblr-1730	231	21	,	,	PUNCT
cblr-1730	231	22	5	5	NUM
cblr-1730	231	23	harv	harv	NOUN
cblr-1730	231	24	.	.	PUNCT
cblr-1730	232	1	negot	negot	PROPN
cblr-1730	232	2	.	.	PUNCT
cblr-1730	233	1	l.	l.	PROPN
cblr-1730	233	2	rev	rev	PROPN
cblr-1730	233	3	.	.	PROPN
cblr-1730	233	4	1	1	NUM
cblr-1730	233	5	,	,	PUNCT
cblr-1730	233	6	5	5	NUM
cblr-1730	233	7	(	(	PUNCT
cblr-1730	233	8	2000	2000	NUM
cblr-1730	233	9	)	)	PUNCT
cblr-1730	233	10	.	.	PUNCT
cblr-1730	234	1	74	74	NUM
cblr-1730	235	1	i	i	PRON
cblr-1730	235	2	d.	d.	NOUN
cblr-1730	235	3	at	at	ADP
cblr-1730	235	4	32	32	NUM
cblr-1730	235	5	(	(	PUNCT
cblr-1730	235	6	discussing	discuss	VERB
cblr-1730	235	7	the	the	DET
cblr-1730	235	8	“	"	PUNCT
cblr-1730	235	9	bargain	bargain	NOUN
cblr-1730	235	10	theory	theory	NOUN
cblr-1730	235	11	”	"	PUNCT
cblr-1730	235	12	of	of	ADP
cblr-1730	235	13	contracts	contract	NOUN
cblr-1730	235	14	)	)	PUNCT
cblr-1730	235	15	.	.	PUNCT
cblr-1730	236	1	75	75	NUM
cblr-1730	236	2	see	see	VERB
cblr-1730	236	3	generally	generally	ADV
cblr-1730	236	4	brokerage	brokerage	NOUN
cblr-1730	236	5	account	account	NOUN
cblr-1730	236	6	agreement	agreement	NOUN
cblr-1730	236	7	,	,	PUNCT
cblr-1730	236	8	supra	supra	PROPN
cblr-1730	236	9	note	note	PROPN
cblr-1730	236	10	72	72	NUM
cblr-1730	236	11	;	;	PUNCT
cblr-1730	236	12	brokerage	brokerage	NOUN
cblr-1730	236	13	account	account	NOUN
cblr-1730	236	14	agreement	agreement	NOUN
cblr-1730	236	15	,	,	PUNCT
cblr-1730	236	16	supra	supra	PROPN
cblr-1730	236	17	note	note	PROPN
cblr-1730	236	18	46	46	NUM
cblr-1730	236	19	;	;	PUNCT
cblr-1730	236	20	client	client	NOUN
cblr-1730	236	21	agreement	agreement	NOUN
cblr-1730	236	22	,	,	PUNCT
cblr-1730	236	23	supra	supra	PROPN
cblr-1730	236	24	note	note	NOUN
cblr-1730	236	25	72	72	NUM
cblr-1730	236	26	.	.	PUNCT
cblr-1730	237	1	smith	smith	PROPN
cblr-1730	237	2	–	–	PUNCT
cblr-1730	237	3	final	final	ADJ
cblr-1730	237	4	no	no	NOUN
cblr-1730	237	5	.	.	PUNCT
cblr-1730	238	1	3:1200	3:1200	NUM
cblr-1730	238	2	]	]	X
cblr-1730	238	3	a	a	DET
cblr-1730	238	4	uniform	uniform	ADJ
cblr-1730	238	5	fiduciary	fiduciary	ADJ
cblr-1730	238	6	duty	duty	NOUN
cblr-1730	238	7	1217	1217	NUM
cblr-1730	238	8	and	and	CCONJ
cblr-1730	238	9	suitability	suitability	NOUN
cblr-1730	238	10	protections	protection	NOUN
cblr-1730	238	11	afforded	afford	VERB
cblr-1730	238	12	to	to	ADP
cblr-1730	238	13	clients	client	NOUN
cblr-1730	238	14	of	of	ADP
cblr-1730	238	15	traditional	traditional	ADJ
cblr-1730	238	16	brokers	broker	NOUN
cblr-1730	238	17	and	and	CCONJ
cblr-1730	238	18	advisers	adviser	NOUN
cblr-1730	238	19	.	.	PUNCT
cblr-1730	239	1	effectively	effectively	ADV
cblr-1730	239	2	,	,	PUNCT
cblr-1730	239	3	for	for	ADP
cblr-1730	239	4	their	their	PRON
cblr-1730	239	5	online	online	ADJ
cblr-1730	239	6	services	service	NOUN
cblr-1730	239	7	,	,	PUNCT
cblr-1730	239	8	brokerage	brokerage	NOUN
cblr-1730	239	9	firms	firm	NOUN
cblr-1730	239	10	are	be	AUX
cblr-1730	239	11	able	able	ADJ
cblr-1730	239	12	to	to	PART
cblr-1730	239	13	use	use	VERB
cblr-1730	239	14	the	the	DET
cblr-1730	239	15	unequal	unequal	ADJ
cblr-1730	239	16	bargaining	bargaining	NOUN
cblr-1730	239	17	distribution	distribution	NOUN
cblr-1730	239	18	to	to	PART
cblr-1730	239	19	better	well	ADV
cblr-1730	239	20	shield	shield	VERB
cblr-1730	239	21	themselves	themselves	PRON
cblr-1730	239	22	from	from	ADP
cblr-1730	239	23	liability	liability	NOUN
cblr-1730	239	24	related	relate	VERB
cblr-1730	239	25	to	to	ADP
cblr-1730	239	26	information	information	NOUN
cblr-1730	239	27	that	that	SCONJ
cblr-1730	239	28	they	they	PRON
cblr-1730	239	29	provide	provide	VERB
cblr-1730	239	30	than	than	SCONJ
cblr-1730	239	31	they	they	PRON
cblr-1730	239	32	would	would	AUX
cblr-1730	239	33	be	be	AUX
cblr-1730	239	34	able	able	ADJ
cblr-1730	239	35	to	to	PART
cblr-1730	239	36	if	if	SCONJ
cblr-1730	239	37	the	the	DET
cblr-1730	239	38	accountholder	accountholder	NOUN
cblr-1730	239	39	was	be	AUX
cblr-1730	239	40	working	work	VERB
cblr-1730	239	41	directly	directly	ADV
cblr-1730	239	42	with	with	ADP
cblr-1730	239	43	one	one	NUM
cblr-1730	239	44	of	of	ADP
cblr-1730	239	45	their	their	PRON
cblr-1730	239	46	individual	individual	ADJ
cblr-1730	239	47	brokers	broker	NOUN
cblr-1730	239	48	or	or	CCONJ
cblr-1730	239	49	advisers	adviser	NOUN
cblr-1730	239	50	.	.	PUNCT
cblr-1730	240	1	an	an	DET
cblr-1730	240	2	example	example	NOUN
cblr-1730	240	3	of	of	ADP
cblr-1730	240	4	this	this	PRON
cblr-1730	240	5	can	can	AUX
cblr-1730	240	6	be	be	AUX
cblr-1730	240	7	found	find	VERB
cblr-1730	240	8	in	in	ADP
cblr-1730	240	9	the	the	DET
cblr-1730	240	10	td	td	PROPN
cblr-1730	240	11	ameritrade	ameritrade	PROPN
cblr-1730	240	12	client	client	PROPN
cblr-1730	240	13	agreement	agreement	NOUN
cblr-1730	240	14	.	.	PUNCT
cblr-1730	241	1	under	under	ADP
cblr-1730	241	2	section	section	NOUN
cblr-1730	241	3	13	13	NUM
cblr-1730	241	4	titled	title	VERB
cblr-1730	241	5	“	"	PUNCT
cblr-1730	241	6	advice	advice	NOUN
cblr-1730	241	7	,	,	PUNCT
cblr-1730	241	8	”	"	PUNCT
cblr-1730	241	9	td	td	PROPN
cblr-1730	241	10	ameritrade	ameritrade	NOUN
cblr-1730	241	11	informs	inform	VERB
cblr-1730	241	12	prospective	prospective	ADJ
cblr-1730	241	13	investors	investor	NOUN
cblr-1730	241	14	that	that	SCONJ
cblr-1730	241	15	,	,	PUNCT
cblr-1730	241	16	not	not	PART
cblr-1730	241	17	only	only	ADV
cblr-1730	241	18	will	will	AUX
cblr-1730	241	19	it	it	PRON
cblr-1730	241	20	act	act	VERB
cblr-1730	241	21	as	as	ADP
cblr-1730	241	22	a	a	DET
cblr-1730	241	23	broker	broker	NOUN
cblr-1730	241	24	-	-	PUNCT
cblr-1730	241	25	dealer	dealer	NOUN
cblr-1730	241	26	not	not	PART
cblr-1730	241	27	subject	subject	ADJ
cblr-1730	241	28	to	to	ADP
cblr-1730	241	29	the	the	DET
cblr-1730	241	30	iaa	iaa	NOUN
cblr-1730	241	31	,	,	PUNCT
cblr-1730	241	32	but	but	CCONJ
cblr-1730	241	33	also	also	ADV
cblr-1730	241	34	that	that	SCONJ
cblr-1730	241	35	“	"	PUNCT
cblr-1730	241	36	any	any	DET
cblr-1730	241	37	research	research	NOUN
cblr-1730	241	38	,	,	PUNCT
cblr-1730	241	39	analysis	analysis	NOUN
cblr-1730	241	40	,	,	PUNCT
cblr-1730	241	41	news	news	NOUN
cblr-1730	241	42	,	,	PUNCT
cblr-1730	241	43	or	or	CCONJ
cblr-1730	241	44	other	other	ADJ
cblr-1730	241	45	information	information	NOUN
cblr-1730	241	46	made	make	VERB
cblr-1730	241	47	available	available	ADJ
cblr-1730	241	48	by	by	ADP
cblr-1730	241	49	[	[	X
cblr-1730	241	50	td	td	PROPN
cblr-1730	241	51	ameritrade	ameritrade	NOUN
cblr-1730	241	52	]	]	PUNCT
cblr-1730	241	53	does	do	AUX
cblr-1730	241	54	not	not	PART
cblr-1730	241	55	constitute	constitute	VERB
cblr-1730	241	56	an	an	DET
cblr-1730	241	57	individualized	individualized	ADJ
cblr-1730	241	58	recommendation	recommendation	NOUN
cblr-1730	241	59	by	by	ADP
cblr-1730	241	60	[	[	X
cblr-1730	241	61	td	td	NOUN
cblr-1730	241	62	ameritrade	ameritrade	NOUN
cblr-1730	241	63	]	]	PUNCT
cblr-1730	241	64	to	to	PART
cblr-1730	241	65	buy	buy	VERB
cblr-1730	241	66	or	or	CCONJ
cblr-1730	241	67	sell	sell	VERB
cblr-1730	241	68	a	a	DET
cblr-1730	241	69	particular	particular	ADJ
cblr-1730	241	70	security	security	NOUN
cblr-1730	241	71	.	.	PUNCT
cblr-1730	242	1	”76	”76	PROPN
cblr-1730	242	2	as	as	SCONJ
cblr-1730	242	3	stated	state	VERB
cblr-1730	242	4	previously	previously	ADV
cblr-1730	242	5	in	in	ADP
cblr-1730	242	6	this	this	DET
cblr-1730	242	7	note	note	NOUN
cblr-1730	242	8	,	,	PUNCT
cblr-1730	242	9	courts	court	NOUN
cblr-1730	242	10	have	have	AUX
cblr-1730	242	11	interpreted	interpret	VERB
cblr-1730	242	12	the	the	DET
cblr-1730	242	13	iaa	iaa	NOUN
cblr-1730	242	14	to	to	PART
cblr-1730	242	15	potentially	potentially	ADV
cblr-1730	242	16	allow	allow	VERB
cblr-1730	242	17	broker	broker	NOUN
cblr-1730	242	18	liability	liability	NOUN
cblr-1730	242	19	for	for	ADP
cblr-1730	242	20	advice	advice	NOUN
cblr-1730	242	21	that	that	PRON
cblr-1730	242	22	was	be	AUX
cblr-1730	242	23	not	not	PART
cblr-1730	242	24	“	"	PUNCT
cblr-1730	242	25	solely	solely	ADV
cblr-1730	242	26	incidental	incidental	ADJ
cblr-1730	242	27	”	"	PUNCT
cblr-1730	242	28	to	to	ADP
cblr-1730	242	29	the	the	DET
cblr-1730	242	30	business	business	NOUN
cblr-1730	242	31	of	of	ADP
cblr-1730	242	32	trade	trade	NOUN
cblr-1730	242	33	execution	execution	NOUN
cblr-1730	242	34	,	,	PUNCT
cblr-1730	242	35	which	which	PRON
cblr-1730	242	36	is	be	AUX
cblr-1730	242	37	broadly	broadly	ADV
cblr-1730	242	38	defined	define	VERB
cblr-1730	242	39	as	as	ADP
cblr-1730	242	40	“	"	PUNCT
cblr-1730	242	41	in	in	ADP
cblr-1730	242	42	connection	connection	NOUN
cblr-1730	242	43	with	with	ADP
cblr-1730	242	44	the	the	DET
cblr-1730	242	45	sale	sale	NOUN
cblr-1730	242	46	of	of	ADP
cblr-1730	242	47	a	a	DET
cblr-1730	242	48	product	product	NOUN
cblr-1730	242	49	.	.	PUNCT
cblr-1730	243	1	”77	”77	NOUN
cblr-1730	243	2	wide	wide	ADV
cblr-1730	243	3	-	-	PUNCT
cblr-1730	243	4	ranging	range	VERB
cblr-1730	243	5	research	research	NOUN
cblr-1730	243	6	,	,	PUNCT
cblr-1730	243	7	analysis	analysis	NOUN
cblr-1730	243	8	,	,	PUNCT
cblr-1730	243	9	news	news	NOUN
cblr-1730	243	10	,	,	PUNCT
cblr-1730	243	11	and	and	CCONJ
cblr-1730	243	12	other	other	ADJ
cblr-1730	243	13	information	information	NOUN
cblr-1730	243	14	on	on	ADP
cblr-1730	243	15	various	various	ADJ
cblr-1730	243	16	securities	security	NOUN
cblr-1730	243	17	provided	provide	VERB
cblr-1730	243	18	to	to	ADP
cblr-1730	243	19	investors	investor	NOUN
cblr-1730	243	20	by	by	ADP
cblr-1730	243	21	brokers	broker	NOUN
cblr-1730	243	22	create	create	VERB
cblr-1730	243	23	the	the	DET
cblr-1730	243	24	possibility	possibility	NOUN
cblr-1730	243	25	of	of	ADP
cblr-1730	243	26	a	a	DET
cblr-1730	243	27	judicial	judicial	ADJ
cblr-1730	243	28	determination	determination	NOUN
cblr-1730	243	29	that	that	SCONJ
cblr-1730	243	30	such	such	ADJ
cblr-1730	243	31	advice	advice	NOUN
cblr-1730	243	32	is	be	AUX
cblr-1730	243	33	beyond	beyond	ADP
cblr-1730	243	34	the	the	DET
cblr-1730	243	35	scope	scope	NOUN
cblr-1730	243	36	of	of	ADP
cblr-1730	243	37	being	be	AUX
cblr-1730	243	38	solely	solely	ADV
cblr-1730	243	39	incidental	incidental	ADJ
cblr-1730	243	40	to	to	PART
cblr-1730	243	41	trade	trade	NOUN
cblr-1730	243	42	execution	execution	NOUN
cblr-1730	243	43	.	.	PUNCT
cblr-1730	244	1	yet	yet	ADV
cblr-1730	244	2	by	by	ADP
cblr-1730	244	3	using	use	VERB
cblr-1730	244	4	their	their	PRON
cblr-1730	244	5	bargaining	bargaining	NOUN
cblr-1730	244	6	advantage	advantage	NOUN
cblr-1730	244	7	to	to	PART
cblr-1730	244	8	modify	modify	VERB
cblr-1730	244	9	their	their	PRON
cblr-1730	244	10	duties	duty	NOUN
cblr-1730	244	11	to	to	ADP
cblr-1730	244	12	investors	investor	NOUN
cblr-1730	244	13	via	via	ADP
cblr-1730	244	14	contract	contract	NOUN
cblr-1730	244	15	,	,	PUNCT
cblr-1730	244	16	as	as	SCONJ
cblr-1730	244	17	allowed	allow	VERB
cblr-1730	244	18	under	under	ADP
cblr-1730	244	19	scottrade	scottrade	NOUN
cblr-1730	244	20	,	,	PUNCT
cblr-1730	244	21	td	td	PROPN
cblr-1730	244	22	ameritrade	ameritrade	PROPN
cblr-1730	244	23	has	have	AUX
cblr-1730	244	24	prevented	prevent	VERB
cblr-1730	244	25	any	any	DET
cblr-1730	244	26	such	such	ADJ
cblr-1730	244	27	judicial	judicial	ADJ
cblr-1730	244	28	determination	determination	NOUN
cblr-1730	244	29	with	with	ADP
cblr-1730	244	30	respect	respect	NOUN
cblr-1730	244	31	to	to	ADP
cblr-1730	244	32	information	information	NOUN
cblr-1730	244	33	provided	provide	VERB
cblr-1730	244	34	on	on	ADP
cblr-1730	244	35	their	their	PRON
cblr-1730	244	36	online	online	ADJ
cblr-1730	244	37	platforms	platform	NOUN
cblr-1730	244	38	by	by	ADP
cblr-1730	244	39	disclaiming	disclaim	VERB
cblr-1730	244	40	such	such	ADJ
cblr-1730	244	41	information	information	NOUN
cblr-1730	244	42	as	as	ADP
cblr-1730	244	43	not	not	PART
cblr-1730	244	44	constituting	constitute	VERB
cblr-1730	244	45	a	a	DET
cblr-1730	244	46	recommendation	recommendation	NOUN
cblr-1730	244	47	or	or	CCONJ
cblr-1730	244	48	advice	advice	NOUN
cblr-1730	244	49	.	.	PUNCT
cblr-1730	245	1	hence	hence	ADV
cblr-1730	245	2	,	,	PUNCT
cblr-1730	245	3	td	td	PROPN
cblr-1730	245	4	ameritrade	ameritrade	PROPN
cblr-1730	245	5	has	have	VERB
cblr-1730	245	6	more	more	ADV
cblr-1730	245	7	effectively	effectively	ADV
cblr-1730	245	8	barred	bar	VERB
cblr-1730	245	9	extensions	extension	NOUN
cblr-1730	245	10	of	of	ADP
cblr-1730	245	11	iaa	iaa	ADJ
cblr-1730	245	12	duties	duty	NOUN
cblr-1730	245	13	to	to	ADP
cblr-1730	245	14	its	its	PRON
cblr-1730	245	15	online	online	ADJ
cblr-1730	245	16	platform	platform	NOUN
cblr-1730	245	17	than	than	SCONJ
cblr-1730	245	18	it	it	PRON
cblr-1730	245	19	would	would	AUX
cblr-1730	245	20	likely	likely	ADV
cblr-1730	245	21	be	be	AUX
cblr-1730	245	22	able	able	ADJ
cblr-1730	245	23	to	to	PART
cblr-1730	245	24	for	for	ADP
cblr-1730	245	25	its	its	PRON
cblr-1730	245	26	individual	individual	ADJ
cblr-1730	245	27	brokers	broker	NOUN
cblr-1730	245	28	acting	act	VERB
cblr-1730	245	29	under	under	ADP
cblr-1730	245	30	similar	similar	ADJ
cblr-1730	245	31	circumstances	circumstance	NOUN
cblr-1730	245	32	.	.	PUNCT
cblr-1730	246	1	however	however	ADV
cblr-1730	246	2	,	,	PUNCT
cblr-1730	246	3	in	in	ADP
cblr-1730	246	4	some	some	DET
cblr-1730	246	5	ways	way	NOUN
cblr-1730	246	6	this	this	PRON
cblr-1730	246	7	decreased	decrease	VERB
cblr-1730	246	8	brokerage	brokerage	NOUN
cblr-1730	246	9	liability	liability	NOUN
cblr-1730	246	10	for	for	ADP
cblr-1730	246	11	online	online	ADJ
cblr-1730	246	12	platforms	platform	NOUN
cblr-1730	246	13	may	may	AUX
cblr-1730	246	14	be	be	AUX
cblr-1730	246	15	advantageous	advantageous	ADJ
cblr-1730	246	16	to	to	ADP
cblr-1730	246	17	accountholders	accountholder	NOUN
cblr-1730	246	18	.	.	PUNCT
cblr-1730	247	1	for	for	ADP
cblr-1730	247	2	example	example	NOUN
cblr-1730	247	3	,	,	PUNCT
cblr-1730	247	4	decreased	decrease	VERB
cblr-1730	247	5	liability	liability	NOUN
cblr-1730	247	6	for	for	ADP
cblr-1730	247	7	brokerage	brokerage	NOUN
cblr-1730	247	8	firms	firm	NOUN
cblr-1730	247	9	may	may	AUX
cblr-1730	247	10	in	in	ADP
cblr-1730	247	11	76	76	NUM
cblr-1730	247	12	see	see	NOUN
cblr-1730	247	13	client	client	NOUN
cblr-1730	247	14	agreement	agreement	NOUN
cblr-1730	247	15	,	,	PUNCT
cblr-1730	247	16	supra	supra	PROPN
cblr-1730	247	17	note	note	PROPN
cblr-1730	247	18	72	72	NUM
cblr-1730	247	19	,	,	PUNCT
cblr-1730	247	20	at	at	ADP
cblr-1730	247	21	8	8	NUM
cblr-1730	247	22	.	.	PUNCT
cblr-1730	248	1	77	77	NUM
cblr-1730	248	2	thomas	thomas	PROPN
cblr-1730	248	3	v.	v.	PROPN
cblr-1730	248	4	metro	metro	PROPN
cblr-1730	248	5	.	.	PUNCT
cblr-1730	249	1	life	life	NOUN
cblr-1730	249	2	ins	ins	PROPN
cblr-1730	249	3	.	.	PUNCT
cblr-1730	249	4	co.	co.	PROPN
cblr-1730	249	5	,	,	PUNCT
cblr-1730	249	6	631	631	NUM
cblr-1730	249	7	f.3d	f.3d	NUM
cblr-1730	249	8	1153	1153	NUM
cblr-1730	249	9	,	,	PUNCT
cblr-1730	249	10	1162	1162	NUM
cblr-1730	249	11	(	(	PUNCT
cblr-1730	249	12	10th	10th	ADJ
cblr-1730	249	13	cir	cir	NOUN
cblr-1730	249	14	.	.	PUNCT
cblr-1730	249	15	2011	2011	NUM
cblr-1730	249	16	)	)	PUNCT
cblr-1730	249	17	.	.	PUNCT
cblr-1730	250	1	smith	smith	PROPN
cblr-1730	250	2	–	–	PUNCT
cblr-1730	250	3	final	final	ADJ
cblr-1730	250	4	1218	1218	NUM
cblr-1730	250	5	columbia	columbia	PROPN
cblr-1730	250	6	business	business	NOUN
cblr-1730	250	7	law	law	PROPN
cblr-1730	250	8	review	review	NOUN
cblr-1730	251	1	[	[	X
cblr-1730	251	2	vol	vol	NOUN
cblr-1730	251	3	.	.	PUNCT
cblr-1730	251	4	2017	2017	NUM
cblr-1730	251	5	centivize	centivize	VERB
cblr-1730	251	6	them	they	PRON
cblr-1730	251	7	to	to	PART
cblr-1730	251	8	decrease	decrease	VERB
cblr-1730	251	9	the	the	DET
cblr-1730	251	10	costs	cost	NOUN
cblr-1730	251	11	of	of	ADP
cblr-1730	251	12	transaction	transaction	NOUN
cblr-1730	251	13	commissions	commission	NOUN
cblr-1730	251	14	performed	perform	VERB
cblr-1730	251	15	online	online	ADV
cblr-1730	251	16	.	.	PUNCT
cblr-1730	252	1	decreased	decrease	VERB
cblr-1730	252	2	trade	trade	NOUN
cblr-1730	252	3	commissions	commission	NOUN
cblr-1730	252	4	may	may	AUX
cblr-1730	252	5	result	result	VERB
cblr-1730	252	6	in	in	ADP
cblr-1730	252	7	higher	high	ADJ
cblr-1730	252	8	gains	gain	NOUN
cblr-1730	252	9	for	for	ADP
cblr-1730	252	10	online	online	ADJ
cblr-1730	252	11	users	user	NOUN
cblr-1730	252	12	and	and	CCONJ
cblr-1730	252	13	can	can	AUX
cblr-1730	252	14	open	open	VERB
cblr-1730	252	15	financial	financial	ADJ
cblr-1730	252	16	markets	market	NOUN
cblr-1730	252	17	to	to	ADP
cblr-1730	252	18	a	a	DET
cblr-1730	252	19	larger	large	ADJ
cblr-1730	252	20	number	number	NOUN
cblr-1730	252	21	of	of	ADP
cblr-1730	252	22	people	people	NOUN
cblr-1730	252	23	.	.	PUNCT
cblr-1730	253	1	however	however	ADV
cblr-1730	253	2	,	,	PUNCT
cblr-1730	253	3	these	these	DET
cblr-1730	253	4	potential	potential	ADJ
cblr-1730	253	5	gains	gain	NOUN
cblr-1730	253	6	are	be	AUX
cblr-1730	253	7	not	not	PART
cblr-1730	253	8	without	without	ADP
cblr-1730	253	9	costs	cost	NOUN
cblr-1730	253	10	.	.	PUNCT
cblr-1730	254	1	increased	increase	VERB
cblr-1730	254	2	incentives	incentive	NOUN
cblr-1730	254	3	to	to	ADP
cblr-1730	254	4	trade	trade	NOUN
cblr-1730	254	5	are	be	AUX
cblr-1730	254	6	not	not	PART
cblr-1730	254	7	inherently	inherently	ADV
cblr-1730	254	8	beneficial	beneficial	ADJ
cblr-1730	254	9	to	to	ADP
cblr-1730	254	10	the	the	DET
cblr-1730	254	11	average	average	ADJ
cblr-1730	254	12	investor	investor	NOUN
cblr-1730	254	13	.	.	PUNCT
cblr-1730	255	1	it	it	PRON
cblr-1730	255	2	can	can	AUX
cblr-1730	255	3	be	be	AUX
cblr-1730	255	4	reasonably	reasonably	ADV
cblr-1730	255	5	assumed	assume	VERB
cblr-1730	255	6	that	that	SCONJ
cblr-1730	255	7	the	the	DET
cblr-1730	255	8	inherent	inherent	ADJ
cblr-1730	255	9	risk	risk	NOUN
cblr-1730	255	10	of	of	ADP
cblr-1730	255	11	any	any	DET
cblr-1730	255	12	given	give	VERB
cblr-1730	255	13	transaction	transaction	NOUN
cblr-1730	255	14	does	do	AUX
cblr-1730	255	15	not	not	PART
cblr-1730	255	16	change	change	VERB
cblr-1730	255	17	with	with	ADP
cblr-1730	255	18	the	the	DET
cblr-1730	255	19	cost	cost	NOUN
cblr-1730	255	20	of	of	ADP
cblr-1730	255	21	its	its	PRON
cblr-1730	255	22	transaction	transaction	NOUN
cblr-1730	255	23	commission	commission	NOUN
cblr-1730	255	24	.	.	PUNCT
cblr-1730	256	1	additionally	additionally	ADV
cblr-1730	256	2	,	,	PUNCT
cblr-1730	256	3	for	for	ADP
cblr-1730	256	4	commission	commission	NOUN
cblr-1730	256	5	-	-	PUNCT
cblr-1730	256	6	based	base	VERB
cblr-1730	256	7	brokerage	brokerage	NOUN
cblr-1730	256	8	firms	firm	NOUN
cblr-1730	256	9	,	,	PUNCT
cblr-1730	256	10	revenues	revenue	NOUN
cblr-1730	256	11	increase	increase	VERB
cblr-1730	256	12	as	as	ADP
cblr-1730	256	13	the	the	DET
cblr-1730	256	14	volume	volume	NOUN
cblr-1730	256	15	of	of	ADP
cblr-1730	256	16	trades	trade	NOUN
cblr-1730	256	17	increases	increase	NOUN
cblr-1730	256	18	.	.	PUNCT
cblr-1730	257	1	by	by	ADP
cblr-1730	257	2	shielding	shield	VERB
cblr-1730	257	3	themselves	themselves	PRON
cblr-1730	257	4	from	from	ADP
cblr-1730	257	5	liability	liability	NOUN
cblr-1730	257	6	via	via	ADP
cblr-1730	257	7	contract	contract	NOUN
cblr-1730	257	8	,	,	PUNCT
cblr-1730	257	9	brokerage	brokerage	NOUN
cblr-1730	257	10	firms	firm	NOUN
cblr-1730	257	11	have	have	AUX
cblr-1730	257	12	made	make	VERB
cblr-1730	257	13	it	it	PRON
cblr-1730	257	14	lucrative	lucrative	ADJ
cblr-1730	257	15	to	to	PART
cblr-1730	257	16	incentivize	incentivize	VERB
cblr-1730	257	17	trading	trading	NOUN
cblr-1730	257	18	regardless	regardless	ADV
cblr-1730	257	19	of	of	ADP
cblr-1730	257	20	the	the	DET
cblr-1730	257	21	possibility	possibility	NOUN
cblr-1730	257	22	that	that	SCONJ
cblr-1730	257	23	this	this	PRON
cblr-1730	257	24	may	may	AUX
cblr-1730	257	25	expose	expose	VERB
cblr-1730	257	26	their	their	PRON
cblr-1730	257	27	accountholders	accountholder	NOUN
cblr-1730	257	28	to	to	ADP
cblr-1730	257	29	increased	increase	VERB
cblr-1730	257	30	risk	risk	NOUN
cblr-1730	257	31	.	.	PUNCT
cblr-1730	258	1	this	this	PRON
cblr-1730	258	2	is	be	AUX
cblr-1730	258	3	particularly	particularly	ADV
cblr-1730	258	4	problematic	problematic	ADJ
cblr-1730	258	5	for	for	ADP
cblr-1730	258	6	new	new	ADJ
cblr-1730	258	7	investors	investor	NOUN
cblr-1730	258	8	,	,	PUNCT
cblr-1730	258	9	who	who	PRON
cblr-1730	258	10	tend	tend	VERB
cblr-1730	258	11	to	to	PART
cblr-1730	258	12	have	have	VERB
cblr-1730	258	13	high	high	ADJ
cblr-1730	258	14	risk	risk	NOUN
cblr-1730	258	15	factors	factor	NOUN
cblr-1730	258	16	due	due	ADP
cblr-1730	258	17	to	to	ADP
cblr-1730	258	18	their	their	PRON
cblr-1730	258	19	inexperience	inexperience	NOUN
cblr-1730	258	20	.	.	PUNCT
cblr-1730	259	1	and	and	CCONJ
cblr-1730	259	2	though	though	SCONJ
cblr-1730	259	3	many	many	ADJ
cblr-1730	259	4	online	online	ADJ
cblr-1730	259	5	and	and	CCONJ
cblr-1730	259	6	mobile	mobile	ADJ
cblr-1730	259	7	trading	trading	NOUN
cblr-1730	259	8	platforms	platform	NOUN
cblr-1730	259	9	do	do	AUX
cblr-1730	259	10	offer	offer	VERB
cblr-1730	259	11	strong	strong	ADJ
cblr-1730	259	12	educational	educational	ADJ
cblr-1730	259	13	tools	tool	NOUN
cblr-1730	259	14	,	,	PUNCT
cblr-1730	259	15	these	these	DET
cblr-1730	259	16	materials	material	NOUN
cblr-1730	259	17	are	be	AUX
cblr-1730	259	18	not	not	PART
cblr-1730	259	19	mandatory	mandatory	ADJ
cblr-1730	259	20	prior	prior	ADV
cblr-1730	259	21	to	to	ADP
cblr-1730	259	22	trading.78	trading.78	NOUN
cblr-1730	259	23	therefore	therefore	ADV
cblr-1730	259	24	,	,	PUNCT
cblr-1730	259	25	the	the	DET
cblr-1730	259	26	contractual	contractual	ADJ
cblr-1730	259	27	liability	liability	NOUN
cblr-1730	259	28	shield	shield	NOUN
cblr-1730	259	29	for	for	ADP
cblr-1730	259	30	online	online	ADJ
cblr-1730	259	31	trading	trading	NOUN
cblr-1730	259	32	is	be	AUX
cblr-1730	259	33	beneficial	beneficial	ADJ
cblr-1730	259	34	because	because	SCONJ
cblr-1730	259	35	it	it	PRON
cblr-1730	259	36	prevents	prevent	VERB
cblr-1730	259	37	unwarranted	unwarranted	ADJ
cblr-1730	259	38	costs	cost	NOUN
cblr-1730	259	39	to	to	ADP
cblr-1730	259	40	brokerage	brokerage	NOUN
cblr-1730	259	41	firms	firm	NOUN
cblr-1730	259	42	that	that	PRON
cblr-1730	259	43	could	could	AUX
cblr-1730	259	44	result	result	VERB
cblr-1730	259	45	from	from	ADP
cblr-1730	259	46	litigation	litigation	NOUN
cblr-1730	259	47	due	due	ADP
cblr-1730	259	48	to	to	ADP
cblr-1730	259	49	uninformed	uninformed	ADJ
cblr-1730	259	50	traders	trader	NOUN
cblr-1730	259	51	’	'	PUNCT
cblr-1730	259	52	own	own	ADJ
cblr-1730	259	53	mistakes	mistake	NOUN
cblr-1730	259	54	and	and	CCONJ
cblr-1730	259	55	actions	action	NOUN
cblr-1730	259	56	in	in	ADP
cblr-1730	259	57	trading	trading	NOUN
cblr-1730	259	58	.	.	PUNCT
cblr-1730	260	1	however	however	ADV
cblr-1730	260	2	,	,	PUNCT
cblr-1730	260	3	this	this	PRON
cblr-1730	260	4	contradicts	contradict	VERB
cblr-1730	260	5	the	the	DET
cblr-1730	260	6	heart	heart	NOUN
cblr-1730	260	7	of	of	ADP
cblr-1730	260	8	the	the	DET
cblr-1730	260	9	court	court	NOUN
cblr-1730	260	10	’s	’s	PART
cblr-1730	260	11	reason	reason	NOUN
cblr-1730	260	12	for	for	ADP
cblr-1730	260	13	expanding	expand	VERB
cblr-1730	260	14	fiduciary	fiduciary	ADJ
cblr-1730	260	15	duties	duty	NOUN
cblr-1730	260	16	—	—	PUNCT
cblr-1730	260	17	namely	namely	ADV
cblr-1730	260	18	,	,	PUNCT
cblr-1730	260	19	the	the	DET
cblr-1730	260	20	creation	creation	NOUN
cblr-1730	260	21	of	of	ADP
cblr-1730	260	22	a	a	DET
cblr-1730	260	23	relationship	relationship	NOUN
cblr-1730	260	24	of	of	ADP
cblr-1730	260	25	trust	trust	NOUN
cblr-1730	260	26	between	between	ADP
cblr-1730	260	27	the	the	DET
cblr-1730	260	28	client	client	NOUN
cblr-1730	260	29	-	-	PUNCT
cblr-1730	260	30	trader	trader	NOUN
cblr-1730	260	31	and	and	CCONJ
cblr-1730	260	32	the	the	DET
cblr-1730	260	33	broker.79	broker.79	NOUN
cblr-1730	260	34	relationships	relationship	NOUN
cblr-1730	260	35	of	of	ADP
cblr-1730	260	36	trust	trust	NOUN
cblr-1730	260	37	are	be	AUX
cblr-1730	260	38	established	establish	VERB
cblr-1730	260	39	when	when	SCONJ
cblr-1730	260	40	a	a	DET
cblr-1730	260	41	broker	broker	NOUN
cblr-1730	260	42	exercises	exercise	VERB
cblr-1730	260	43	de	de	X
cblr-1730	260	44	facto	facto	X
cblr-1730	260	45	control	control	NOUN
cblr-1730	260	46	over	over	ADP
cblr-1730	260	47	a	a	DET
cblr-1730	260	48	trader	trader	NOUN
cblr-1730	260	49	’s	’s	PART
cblr-1730	260	50	account.80	account.80	PROPN
cblr-1730	260	51	as	as	SCONJ
cblr-1730	260	52	described	describe	VERB
cblr-1730	260	53	above	above	ADV
cblr-1730	260	54	,	,	PUNCT
cblr-1730	260	55	the	the	DET
cblr-1730	260	56	leib	leib	PROPN
cblr-1730	260	57	v.	v.	ADP
cblr-1730	260	58	merrill	merrill	PROPN
cblr-1730	260	59	lynch	lynch	PROPN
cblr-1730	260	60	factors	factor	NOUN
cblr-1730	260	61	for	for	ADP
cblr-1730	260	62	de	de	X
cblr-1730	260	63	facto	facto	X
cblr-1730	260	64	control	control	NOUN
cblr-1730	260	65	include	include	VERB
cblr-1730	260	66	age	age	NOUN
cblr-1730	260	67	,	,	PUNCT
cblr-1730	260	68	education	education	NOUN
cblr-1730	260	69	,	,	PUNCT
cblr-1730	260	70	intelligence	intelligence	NOUN
cblr-1730	260	71	,	,	PUNCT
cblr-1730	260	72	and	and	CCONJ
cblr-1730	260	73	investment	investment	NOUN
cblr-1730	260	74	experience	experience	NOUN
cblr-1730	260	75	of	of	ADP
cblr-1730	260	76	the	the	DET
cblr-1730	260	77	customer	customer	NOUN
cblr-1730	260	78	as	as	ADV
cblr-1730	260	79	well	well	ADV
cblr-1730	260	80	as	as	ADP
cblr-1730	260	81	the	the	DET
cblr-1730	260	82	kind	kind	NOUN
cblr-1730	260	83	of	of	ADP
cblr-1730	260	84	contact	contact	NOUN
cblr-1730	260	85	and	and	CCONJ
cblr-1730	260	86	relationship	relationship	NOUN
cblr-1730	260	87	between	between	ADP
cblr-1730	260	88	the	the	DET
cblr-1730	260	89	broker	broker	NOUN
cblr-1730	260	90	and	and	CCONJ
cblr-1730	260	91	customer	customer	NOUN
cblr-1730	260	92	,	,	PUNCT
cblr-1730	260	93	the	the	DET
cblr-1730	260	94	frequency	frequency	NOUN
cblr-1730	260	95	of	of	ADP
cblr-1730	260	96	78	78	NUM
cblr-1730	260	97	see	see	NOUN
cblr-1730	260	98	strategy	strategy	NOUN
cblr-1730	260	99	screener	screener	NOUN
cblr-1730	260	100	guide	guide	NOUN
cblr-1730	260	101	,	,	PUNCT
cblr-1730	260	102	supra	supra	PROPN
cblr-1730	260	103	note	note	PROPN
cblr-1730	260	104	49	49	NUM
cblr-1730	260	105	;	;	PUNCT
cblr-1730	260	106	educate	educate	VERB
cblr-1730	260	107	,	,	PUNCT
cblr-1730	260	108	optionsxpress	optionsxpress	ADJ
cblr-1730	260	109	(	(	PUNCT
cblr-1730	260	110	feb	feb	PROPN
cblr-1730	260	111	.	.	PROPN
cblr-1730	260	112	3	3	NUM
cblr-1730	260	113	,	,	PUNCT
cblr-1730	260	114	2017	2017	NUM
cblr-1730	260	115	,	,	PUNCT
cblr-1730	260	116	3:25	3:25	NUM
cblr-1730	260	117	pm	pm	NOUN
cblr-1730	260	118	)	)	PUNCT
cblr-1730	260	119	,	,	PUNCT
cblr-1730	260	120	https://www.optionsxpress.com/myaccount.aspx	https://www.optionsxpress.com/myaccount.aspx	NOUN
cblr-1730	261	1	[	[	X
cblr-1730	261	2	perma.cc/9klb-eapq	perma.cc/9klb-eapq	X
cblr-1730	261	3	]	]	X
cblr-1730	261	4	.	.	PUNCT
cblr-1730	262	1	79	79	NUM
cblr-1730	262	2	sec	sec	PROPN
cblr-1730	262	3	v.	v.	ADP
cblr-1730	262	4	zandford	zandford	PROPN
cblr-1730	262	5	,	,	PUNCT
cblr-1730	262	6	535	535	NUM
cblr-1730	262	7	u.s	u.s	PROPN
cblr-1730	262	8	.	.	PROPN
cblr-1730	262	9	813	813	NUM
cblr-1730	262	10	,	,	PUNCT
cblr-1730	262	11	822	822	NUM
cblr-1730	262	12	(	(	PUNCT
cblr-1730	262	13	2002	2002	NUM
cblr-1730	262	14	)	)	PUNCT
cblr-1730	262	15	;	;	PUNCT
cblr-1730	262	16	united	united	PROPN
cblr-1730	262	17	states	states	PROPN
cblr-1730	262	18	v.	v.	CCONJ
cblr-1730	262	19	skelly	skelly	PROPN
cblr-1730	262	20	,	,	PUNCT
cblr-1730	262	21	442	442	NUM
cblr-1730	262	22	f.3d	f.3d	NUM
cblr-1730	262	23	94	94	NUM
cblr-1730	262	24	,	,	PUNCT
cblr-1730	262	25	98	98	NUM
cblr-1730	262	26	(	(	PUNCT
cblr-1730	262	27	2d	2d	NUM
cblr-1730	262	28	cir	cir	NOUN
cblr-1730	262	29	.	.	PUNCT
cblr-1730	262	30	2006	2006	NUM
cblr-1730	262	31	)	)	PUNCT
cblr-1730	262	32	;	;	PUNCT
cblr-1730	262	33	united	united	PROPN
cblr-1730	262	34	states	states	PROPN
cblr-1730	262	35	v.	v.	PROPN
cblr-1730	262	36	szur	szur	PROPN
cblr-1730	262	37	,	,	PUNCT
cblr-1730	262	38	289	289	NUM
cblr-1730	262	39	f.3d	f.3d	NUM
cblr-1730	262	40	200	200	NUM
cblr-1730	262	41	,	,	PUNCT
cblr-1730	262	42	211	211	NUM
cblr-1730	262	43	(	(	PUNCT
cblr-1730	262	44	2d	2d	NUM
cblr-1730	262	45	cir	cir	NOUN
cblr-1730	262	46	.	.	PUNCT
cblr-1730	262	47	2002	2002	NUM
cblr-1730	262	48	)	)	PUNCT
cblr-1730	262	49	;	;	PUNCT
cblr-1730	262	50	leib	leib	PROPN
cblr-1730	262	51	v.	v.	PROPN
cblr-1730	262	52	merrill	merrill	PROPN
cblr-1730	262	53	lynch	lynch	PROPN
cblr-1730	262	54	,	,	PUNCT
cblr-1730	262	55	pierce	pierce	PROPN
cblr-1730	262	56	,	,	PUNCT
cblr-1730	262	57	fenner	fenner	PROPN
cblr-1730	262	58	&	&	CCONJ
cblr-1730	262	59	smith	smith	PROPN
cblr-1730	262	60	,	,	PUNCT
cblr-1730	262	61	inc	inc	PROPN
cblr-1730	262	62	.	.	PROPN
cblr-1730	262	63	,	,	PUNCT
cblr-1730	262	64	461	461	NUM
cblr-1730	262	65	f.	f.	PROPN
cblr-1730	262	66	supp	supp	PROPN
cblr-1730	262	67	.	.	PUNCT
cblr-1730	263	1	951	951	NUM
cblr-1730	263	2	,	,	PUNCT
cblr-1730	263	3	954	954	NUM
cblr-1730	263	4	(	(	PUNCT
cblr-1730	263	5	e.d	e.d	PROPN
cblr-1730	263	6	.	.	PROPN
cblr-1730	263	7	mich	mich	PROPN
cblr-1730	263	8	.	.	PROPN
cblr-1730	263	9	1978	1978	NUM
cblr-1730	263	10	)	)	PUNCT
cblr-1730	263	11	aff’d	aff’d	NUM
cblr-1730	263	12	,	,	PUNCT
cblr-1730	263	13	647	647	NUM
cblr-1730	263	14	f.2d	f.2d	NOUN
cblr-1730	263	15	165	165	NUM
cblr-1730	263	16	(	(	PUNCT
cblr-1730	263	17	6th	6th	ADJ
cblr-1730	263	18	cir	cir	NOUN
cblr-1730	263	19	.	.	PUNCT
cblr-1730	263	20	1981	1981	NUM
cblr-1730	263	21	)	)	PUNCT
cblr-1730	263	22	.	.	PUNCT
cblr-1730	264	1	80	80	NUM
cblr-1730	264	2	see	see	VERB
cblr-1730	264	3	edwards	edwards	PROPN
cblr-1730	264	4	,	,	PUNCT
cblr-1730	264	5	supra	supra	PROPN
cblr-1730	264	6	note	note	NOUN
cblr-1730	264	7	2	2	NUM
cblr-1730	264	8	,	,	PUNCT
cblr-1730	264	9	at	at	ADP
cblr-1730	264	10	114	114	NUM
cblr-1730	264	11	.	.	PUNCT
cblr-1730	265	1	smith	smith	PROPN
cblr-1730	265	2	–	–	PUNCT
cblr-1730	265	3	final	final	ADJ
cblr-1730	265	4	no	no	NOUN
cblr-1730	265	5	.	.	PUNCT
cblr-1730	266	1	3:1200	3:1200	NUM
cblr-1730	266	2	]	]	X
cblr-1730	266	3	a	a	DET
cblr-1730	266	4	uniform	uniform	ADJ
cblr-1730	266	5	fiduciary	fiduciary	ADJ
cblr-1730	266	6	duty	duty	NOUN
cblr-1730	266	7	1219	1219	NUM
cblr-1730	266	8	communication	communication	NOUN
cblr-1730	266	9	between	between	ADP
cblr-1730	266	10	the	the	DET
cblr-1730	266	11	customer	customer	NOUN
cblr-1730	266	12	and	and	CCONJ
cblr-1730	266	13	broker	broker	NOUN
cblr-1730	266	14	regarding	regard	VERB
cblr-1730	266	15	the	the	DET
cblr-1730	266	16	account	account	NOUN
cblr-1730	266	17	or	or	CCONJ
cblr-1730	266	18	specific	specific	ADJ
cblr-1730	266	19	transactions	transaction	NOUN
cblr-1730	266	20	,	,	PUNCT
cblr-1730	266	21	and	and	CCONJ
cblr-1730	266	22	the	the	DET
cblr-1730	266	23	number	number	NOUN
cblr-1730	266	24	of	of	ADP
cblr-1730	266	25	transactions	transaction	NOUN
cblr-1730	266	26	performed	perform	VERB
cblr-1730	266	27	by	by	ADP
cblr-1730	266	28	the	the	DET
cblr-1730	266	29	broker	broker	NOUN
cblr-1730	266	30	without	without	ADP
cblr-1730	266	31	the	the	DET
cblr-1730	266	32	customer	customer	NOUN
cblr-1730	266	33	’s	’s	PART
cblr-1730	266	34	prior	prior	ADV
cblr-1730	266	35	approval.81	approval.81	ADP
cblr-1730	266	36	age	age	NOUN
cblr-1730	266	37	,	,	PUNCT
cblr-1730	266	38	education	education	NOUN
cblr-1730	266	39	,	,	PUNCT
cblr-1730	266	40	and	and	CCONJ
cblr-1730	266	41	investment	investment	NOUN
cblr-1730	266	42	experience	experience	NOUN
cblr-1730	266	43	are	be	AUX
cblr-1730	266	44	typical	typical	ADJ
cblr-1730	266	45	,	,	PUNCT
cblr-1730	266	46	and	and	CCONJ
cblr-1730	266	47	often	often	ADV
cblr-1730	266	48	mandatory	mandatory	ADJ
cblr-1730	266	49	questions	question	NOUN
cblr-1730	266	50	asked	ask	VERB
cblr-1730	266	51	of	of	ADP
cblr-1730	266	52	potential	potential	ADJ
cblr-1730	266	53	accountholders	accountholder	NOUN
cblr-1730	266	54	during	during	ADP
cblr-1730	266	55	online	online	ADJ
cblr-1730	266	56	platform	platform	NOUN
cblr-1730	266	57	registration	registration	NOUN
cblr-1730	266	58	.	.	PUNCT
cblr-1730	267	1	although	although	SCONJ
cblr-1730	267	2	intelligence	intelligence	NOUN
cblr-1730	267	3	is	be	AUX
cblr-1730	267	4	not	not	PART
cblr-1730	267	5	asked	ask	VERB
cblr-1730	267	6	about	about	ADP
cblr-1730	267	7	directly	directly	ADV
cblr-1730	267	8	,	,	PUNCT
cblr-1730	267	9	other	other	ADJ
cblr-1730	267	10	questions	question	NOUN
cblr-1730	267	11	such	such	ADJ
cblr-1730	267	12	as	as	ADP
cblr-1730	267	13	education	education	NOUN
cblr-1730	267	14	level	level	NOUN
cblr-1730	267	15	and	and	CCONJ
cblr-1730	267	16	work	work	NOUN
cblr-1730	267	17	experience	experience	NOUN
cblr-1730	267	18	can	can	AUX
cblr-1730	267	19	often	often	ADV
cblr-1730	267	20	provide	provide	VERB
cblr-1730	267	21	some	some	DET
cblr-1730	267	22	insight	insight	NOUN
cblr-1730	267	23	into	into	ADP
cblr-1730	267	24	an	an	DET
cblr-1730	267	25	accountholder	accountholder	NOUN
cblr-1730	267	26	’s	’s	PART
cblr-1730	267	27	financial	financial	ADJ
cblr-1730	267	28	intelligence	intelligence	NOUN
cblr-1730	267	29	.	.	PUNCT
cblr-1730	268	1	additionally	additionally	ADV
cblr-1730	268	2	,	,	PUNCT
cblr-1730	268	3	many	many	ADJ
cblr-1730	268	4	online	online	ADJ
cblr-1730	268	5	platforms	platform	NOUN
cblr-1730	268	6	provide	provide	VERB
cblr-1730	268	7	services	service	NOUN
cblr-1730	268	8	that	that	PRON
cblr-1730	268	9	allow	allow	VERB
cblr-1730	268	10	customers	customer	NOUN
cblr-1730	268	11	to	to	PART
cblr-1730	268	12	communicate	communicate	VERB
cblr-1730	268	13	with	with	ADP
cblr-1730	268	14	brokers	broker	NOUN
cblr-1730	268	15	about	about	ADP
cblr-1730	268	16	their	their	PRON
cblr-1730	268	17	accounts	account	NOUN
cblr-1730	268	18	and	and	CCONJ
cblr-1730	268	19	specific	specific	ADJ
cblr-1730	268	20	transactions	transaction	NOUN
cblr-1730	268	21	,	,	PUNCT
cblr-1730	268	22	but	but	CCONJ
cblr-1730	268	23	these	these	PRON
cblr-1730	268	24	often	often	ADV
cblr-1730	268	25	rely	rely	VERB
cblr-1730	268	26	on	on	ADP
cblr-1730	268	27	the	the	DET
cblr-1730	268	28	customer	customer	NOUN
cblr-1730	268	29	acting	act	VERB
cblr-1730	268	30	proactively	proactively	ADV
cblr-1730	268	31	as	as	SCONJ
cblr-1730	268	32	opposed	oppose	VERB
cblr-1730	268	33	to	to	ADP
cblr-1730	268	34	the	the	DET
cblr-1730	268	35	broker	broker	NOUN
cblr-1730	268	36	.	.	PUNCT
cblr-1730	269	1	however	however	ADV
cblr-1730	269	2	,	,	PUNCT
cblr-1730	269	3	brokerage	brokerage	NOUN
cblr-1730	269	4	firms	firm	NOUN
cblr-1730	269	5	often	often	ADV
cblr-1730	269	6	do	do	AUX
cblr-1730	269	7	actively	actively	ADV
cblr-1730	269	8	send	send	VERB
cblr-1730	269	9	notifications	notification	NOUN
cblr-1730	269	10	and	and	CCONJ
cblr-1730	269	11	emails	email	NOUN
cblr-1730	269	12	about	about	ADP
cblr-1730	269	13	the	the	DET
cblr-1730	269	14	broader	broad	ADJ
cblr-1730	269	15	products	product	NOUN
cblr-1730	269	16	,	,	PUNCT
cblr-1730	269	17	services	service	NOUN
cblr-1730	269	18	,	,	PUNCT
cblr-1730	269	19	and	and	CCONJ
cblr-1730	269	20	trainings	training	NOUN
cblr-1730	269	21	that	that	SCONJ
cblr-1730	269	22	they	they	PRON
cblr-1730	269	23	offer	offer	VERB
cblr-1730	269	24	to	to	ADP
cblr-1730	269	25	their	their	PRON
cblr-1730	269	26	online	online	ADJ
cblr-1730	269	27	accountholders	accountholder	NOUN
cblr-1730	269	28	,	,	PUNCT
cblr-1730	269	29	which	which	PRON
cblr-1730	269	30	could	could	AUX
cblr-1730	269	31	arguably	arguably	ADV
cblr-1730	269	32	be	be	AUX
cblr-1730	269	33	seen	see	VERB
cblr-1730	269	34	as	as	ADP
cblr-1730	269	35	engaging	engage	VERB
cblr-1730	269	36	the	the	DET
cblr-1730	269	37	customer	customer	NOUN
cblr-1730	269	38	on	on	ADP
cblr-1730	269	39	a	a	DET
cblr-1730	269	40	more	more	ADV
cblr-1730	269	41	social	social	ADJ
cblr-1730	269	42	and	and	CCONJ
cblr-1730	269	43	personal	personal	ADJ
cblr-1730	269	44	level.82	level.82	NOUN
cblr-1730	269	45	brokerage	brokerage	NOUN
cblr-1730	269	46	firms	firm	NOUN
cblr-1730	269	47	may	may	AUX
cblr-1730	269	48	also	also	ADV
cblr-1730	269	49	be	be	AUX
cblr-1730	269	50	involved	involve	VERB
cblr-1730	269	51	with	with	ADP
cblr-1730	269	52	their	their	PRON
cblr-1730	269	53	client	client	NOUN
cblr-1730	269	54	’s	’s	PART
cblr-1730	269	55	transactions	transaction	NOUN
cblr-1730	269	56	exclusively	exclusively	ADV
cblr-1730	269	57	through	through	ADP
cblr-1730	269	58	their	their	PRON
cblr-1730	269	59	online	online	ADJ
cblr-1730	269	60	platforms	platform	NOUN
cblr-1730	269	61	.	.	PUNCT
cblr-1730	270	1	for	for	ADP
cblr-1730	270	2	example	example	NOUN
cblr-1730	270	3	,	,	PUNCT
cblr-1730	270	4	trade	trade	NOUN
cblr-1730	270	5	tools	tool	NOUN
cblr-1730	270	6	such	such	ADJ
cblr-1730	270	7	as	as	ADP
cblr-1730	270	8	“	"	PUNCT
cblr-1730	270	9	idea	idea	NOUN
cblr-1730	270	10	hubtm	hubtm	PROPN
cblr-1730	270	11	”	"	PUNCT
cblr-1730	270	12	or	or	CCONJ
cblr-1730	270	13	“	"	PUNCT
cblr-1730	270	14	position	position	NOUN
cblr-1730	270	15	analyzer	analyzer	NOUN
cblr-1730	270	16	”	"	PUNCT
cblr-1730	270	17	may	may	AUX
cblr-1730	270	18	not	not	PART
cblr-1730	270	19	constitute	constitute	VERB
cblr-1730	270	20	“	"	PUNCT
cblr-1730	270	21	recommendations	recommendation	NOUN
cblr-1730	270	22	”	"	PUNCT
cblr-1730	270	23	or	or	CCONJ
cblr-1730	270	24	“	"	PUNCT
cblr-1730	270	25	advice	advice	NOUN
cblr-1730	270	26	”	"	PUNCT
cblr-1730	270	27	because	because	SCONJ
cblr-1730	270	28	of	of	ADP
cblr-1730	270	29	liability	liability	NOUN
cblr-1730	270	30	waivers	waiver	NOUN
cblr-1730	270	31	,	,	PUNCT
cblr-1730	270	32	but	but	CCONJ
cblr-1730	270	33	are	be	AUX
cblr-1730	270	34	a	a	DET
cblr-1730	270	35	form	form	NOUN
cblr-1730	270	36	of	of	ADP
cblr-1730	270	37	contact	contact	NOUN
cblr-1730	270	38	with	with	ADP
cblr-1730	270	39	the	the	DET
cblr-1730	270	40	accountholder	accountholder	NOUN
cblr-1730	270	41	at	at	ADP
cblr-1730	270	42	the	the	DET
cblr-1730	270	43	very	very	ADV
cblr-1730	270	44	least.83	least.83	NOUN
cblr-1730	270	45	the	the	DET
cblr-1730	270	46	selection	selection	NOUN
cblr-1730	270	47	of	of	ADP
cblr-1730	270	48	“	"	PUNCT
cblr-1730	270	49	educational	educational	ADJ
cblr-1730	270	50	”	"	PUNCT
cblr-1730	270	51	and	and	CCONJ
cblr-1730	270	52	“	"	PUNCT
cblr-1730	270	53	informational	informational	ADJ
cblr-1730	270	54	”	"	PUNCT
cblr-1730	270	55	material	material	NOUN
cblr-1730	270	56	and	and	CCONJ
cblr-1730	270	57	listed	list	VERB
cblr-1730	270	58	securities	security	NOUN
cblr-1730	270	59	provided	provide	VERB
cblr-1730	270	60	,	,	PUNCT
cblr-1730	270	61	as	as	ADV
cblr-1730	270	62	well	well	ADV
cblr-1730	270	63	as	as	ADP
cblr-1730	270	64	how	how	SCONJ
cblr-1730	270	65	this	this	DET
cblr-1730	270	66	information	information	NOUN
cblr-1730	270	67	is	be	AUX
cblr-1730	270	68	displayed	display	VERB
cblr-1730	270	69	,	,	PUNCT
cblr-1730	270	70	are	be	AUX
cblr-1730	270	71	choices	choice	NOUN
cblr-1730	270	72	that	that	PRON
cblr-1730	270	73	likely	likely	ADV
cblr-1730	270	74	influence	influence	VERB
cblr-1730	270	75	the	the	DET
cblr-1730	270	76	trading	trading	NOUN
cblr-1730	270	77	decisions	decision	NOUN
cblr-1730	270	78	of	of	ADP
cblr-1730	270	79	many	many	ADJ
cblr-1730	270	80	of	of	ADP
cblr-1730	270	81	their	their	PRON
cblr-1730	270	82	accountholders	accountholder	NOUN
cblr-1730	270	83	.	.	PUNCT
cblr-1730	271	1	these	these	DET
cblr-1730	271	2	choices	choice	NOUN
cblr-1730	271	3	resemble	resemble	VERB
cblr-1730	271	4	the	the	DET
cblr-1730	271	5	choices	choice	NOUN
cblr-1730	271	6	of	of	ADP
cblr-1730	271	7	individual	individual	ADJ
cblr-1730	271	8	brokers	broker	NOUN
cblr-1730	271	9	in	in	ADP
cblr-1730	271	10	the	the	DET
cblr-1730	271	11	information	information	NOUN
cblr-1730	271	12	and	and	CCONJ
cblr-1730	271	13	recommendations	recommendation	NOUN
cblr-1730	271	14	that	that	SCONJ
cblr-1730	271	15	they	they	PRON
cblr-1730	271	16	provide	provide	VERB
cblr-1730	271	17	to	to	ADP
cblr-1730	271	18	clients	client	NOUN
cblr-1730	271	19	based	base	VERB
cblr-1730	271	20	on	on	ADP
cblr-1730	271	21	current	current	ADJ
cblr-1730	271	22	and	and	CCONJ
cblr-1730	271	23	future	future	ADJ
cblr-1730	271	24	market	market	NOUN
cblr-1730	271	25	performance	performance	NOUN
cblr-1730	271	26	,	,	PUNCT
cblr-1730	271	27	as	as	ADV
cblr-1730	271	28	well	well	ADV
cblr-1730	271	29	as	as	ADP
cblr-1730	271	30	the	the	DET
cblr-1730	271	31	age	age	NOUN
cblr-1730	271	32	,	,	PUNCT
cblr-1730	271	33	education	education	NOUN
cblr-1730	271	34	,	,	PUNCT
cblr-1730	271	35	intelligence	intelligence	NOUN
cblr-1730	271	36	,	,	PUNCT
cblr-1730	271	37	and	and	CCONJ
cblr-1730	271	38	financial	financial	ADJ
cblr-1730	271	39	experience	experience	NOUN
cblr-1730	271	40	of	of	ADP
cblr-1730	271	41	the	the	DET
cblr-1730	271	42	customer	customer	NOUN
cblr-1730	271	43	.	.	PUNCT
cblr-1730	272	1	hence	hence	ADV
cblr-1730	272	2	,	,	PUNCT
cblr-1730	272	3	brokerage	brokerage	NOUN
cblr-1730	272	4	firms	firm	NOUN
cblr-1730	272	5	offer	offer	VERB
cblr-1730	272	6	online	online	ADJ
cblr-1730	272	7	services	service	NOUN
cblr-1730	272	8	that	that	PRON
cblr-1730	272	9	in	in	ADP
cblr-1730	272	10	many	many	ADJ
cblr-1730	272	11	ways	way	NOUN
cblr-1730	272	12	resemble	resemble	VERB
cblr-1730	272	13	the	the	DET
cblr-1730	272	14	substance	substance	NOUN
cblr-1730	272	15	and	and	CCONJ
cblr-1730	272	16	potential	potential	NOUN
cblr-1730	272	17	for	for	ADP
cblr-1730	272	18	de	de	X
cblr-1730	272	19	facto	facto	X
cblr-1730	272	20	control	control	NOUN
cblr-1730	272	21	that	that	PRON
cblr-1730	272	22	characterize	characterize	VERB
cblr-1730	272	23	brokers	broker	NOUN
cblr-1730	272	24	.	.	PUNCT
cblr-1730	273	1	for	for	ADP
cblr-1730	273	2	81	81	NUM
cblr-1730	273	3	leib	leib	PROPN
cblr-1730	273	4	v.	v.	ADP
cblr-1730	273	5	merrill	merrill	PROPN
cblr-1730	273	6	lynch	lynch	PROPN
cblr-1730	273	7	,	,	PUNCT
cblr-1730	273	8	461	461	NUM
cblr-1730	273	9	f.	f.	PROPN
cblr-1730	273	10	supp	supp	PROPN
cblr-1730	273	11	.	.	PUNCT
cblr-1730	274	1	at	at	ADP
cblr-1730	274	2	954	954	NUM
cblr-1730	274	3	.	.	PUNCT
cblr-1730	274	4	82	82	NUM
cblr-1730	274	5	leib	leib	PROPN
cblr-1730	274	6	v.	v.	PROPN
cblr-1730	274	7	merrill	merrill	PROPN
cblr-1730	274	8	lynch	lynch	PROPN
cblr-1730	274	9	,	,	PUNCT
cblr-1730	274	10	461	461	NUM
cblr-1730	274	11	f.	f.	PROPN
cblr-1730	274	12	supp	supp	PROPN
cblr-1730	274	13	.	.	PUNCT
cblr-1730	275	1	at	at	ADP
cblr-1730	275	2	954	954	NUM
cblr-1730	275	3	.	.	PUNCT
cblr-1730	276	1	see	see	AUX
cblr-1730	276	2	also	also	ADV
cblr-1730	276	3	strategy	strategy	NOUN
cblr-1730	276	4	screener	screener	NOUN
cblr-1730	276	5	guide	guide	NOUN
cblr-1730	276	6	,	,	PUNCT
cblr-1730	276	7	supra	supra	PROPN
cblr-1730	276	8	note	note	PROPN
cblr-1730	276	9	49	49	NUM
cblr-1730	276	10	;	;	PUNCT
cblr-1730	276	11	educate	educate	VERB
cblr-1730	276	12	,	,	PUNCT
cblr-1730	276	13	supra	supra	PROPN
cblr-1730	276	14	note	note	NOUN
cblr-1730	276	15	78	78	NUM
cblr-1730	276	16	(	(	PUNCT
cblr-1730	276	17	including	include	VERB
cblr-1730	276	18	“	"	PUNCT
cblr-1730	276	19	alert	alert	ADJ
cblr-1730	276	20	manager	manager	NOUN
cblr-1730	276	21	,	,	PUNCT
cblr-1730	276	22	”	"	PUNCT
cblr-1730	276	23	“	"	PUNCT
cblr-1730	276	24	webinar	webinar	NOUN
cblr-1730	276	25	,	,	PUNCT
cblr-1730	276	26	”	"	PUNCT
cblr-1730	276	27	“	"	PUNCT
cblr-1730	276	28	workshop	workshop	NOUN
cblr-1730	276	29	,	,	PUNCT
cblr-1730	276	30	”	"	PUNCT
cblr-1730	276	31	and	and	CCONJ
cblr-1730	276	32	“	"	PUNCT
cblr-1730	276	33	live	live	ADJ
cblr-1730	276	34	help	help	NOUN
cblr-1730	276	35	”	"	PUNCT
cblr-1730	276	36	)	)	PUNCT
cblr-1730	276	37	.	.	PUNCT
cblr-1730	277	1	83	83	NUM
cblr-1730	277	2	see	see	VERB
cblr-1730	277	3	toolbox	toolbox	NOUN
cblr-1730	277	4	,	,	PUNCT
cblr-1730	277	5	optionsxpress	optionsxpress	ADJ
cblr-1730	277	6	,	,	PUNCT
cblr-1730	277	7	(	(	PUNCT
cblr-1730	277	8	feb	feb	X
cblr-1730	277	9	.	.	PROPN
cblr-1730	277	10	3	3	NUM
cblr-1730	277	11	,	,	PUNCT
cblr-1730	277	12	2017	2017	NUM
cblr-1730	277	13	,	,	PUNCT
cblr-1730	277	14	2:23	2:23	NUM
cblr-1730	277	15	pm	pm	NOUN
cblr-1730	277	16	)	)	PUNCT
cblr-1730	277	17	,	,	PUNCT
cblr-1730	277	18	https://www.optionsxpress.com/myaccount.aspx	https://www.optionsxpress.com/myaccount.aspx	NOUN
cblr-1730	278	1	[	[	X
cblr-1730	278	2	perma.cc/9klb-eapq	perma.cc/9klb-eapq	X
cblr-1730	278	3	]	]	PUNCT
cblr-1730	278	4	.	.	PUNCT
cblr-1730	279	1	smith	smith	PROPN
cblr-1730	279	2	–	–	PUNCT
cblr-1730	279	3	final	final	ADJ
cblr-1730	279	4	1220	1220	NUM
cblr-1730	279	5	columbia	columbia	PROPN
cblr-1730	279	6	business	business	NOUN
cblr-1730	279	7	law	law	PROPN
cblr-1730	279	8	review	review	NOUN
cblr-1730	279	9	[	[	X
cblr-1730	279	10	vol	vol	NOUN
cblr-1730	279	11	.	.	NOUN
cblr-1730	279	12	2017	2017	NUM
cblr-1730	279	13	example	example	NOUN
cblr-1730	279	14	,	,	PUNCT
cblr-1730	279	15	there	there	PRON
cblr-1730	279	16	is	be	VERB
cblr-1730	279	17	potential	potential	ADJ
cblr-1730	279	18	for	for	ADP
cblr-1730	279	19	an	an	DET
cblr-1730	279	20	online	online	ADJ
cblr-1730	279	21	platform	platform	NOUN
cblr-1730	279	22	to	to	PART
cblr-1730	279	23	display	display	VERB
cblr-1730	279	24	fairly	fairly	ADV
cblr-1730	279	25	aggressive	aggressive	ADJ
cblr-1730	279	26	and	and	CCONJ
cblr-1730	279	27	risky	risky	ADJ
cblr-1730	279	28	securities	security	NOUN
cblr-1730	279	29	and	and	CCONJ
cblr-1730	279	30	related	relate	VERB
cblr-1730	279	31	information	information	NOUN
cblr-1730	279	32	to	to	ADP
cblr-1730	279	33	uneducated	uneducated	ADJ
cblr-1730	279	34	and	and	CCONJ
cblr-1730	279	35	financially	financially	ADV
cblr-1730	279	36	inexperienced	inexperienced	ADJ
cblr-1730	279	37	customers	customer	NOUN
cblr-1730	279	38	because	because	SCONJ
cblr-1730	279	39	such	such	ADJ
cblr-1730	279	40	securities	security	NOUN
cblr-1730	279	41	offer	offer	VERB
cblr-1730	279	42	higher	high	ADJ
cblr-1730	279	43	commissions	commission	NOUN
cblr-1730	279	44	and	and	CCONJ
cblr-1730	279	45	fees	fee	NOUN
cblr-1730	279	46	.	.	PUNCT
cblr-1730	280	1	courts	court	NOUN
cblr-1730	280	2	might	might	AUX
cblr-1730	280	3	find	find	VERB
cblr-1730	280	4	that	that	SCONJ
cblr-1730	280	5	due	due	ADP
cblr-1730	280	6	to	to	ADP
cblr-1730	280	7	their	their	PRON
cblr-1730	280	8	customers	customer	NOUN
cblr-1730	280	9	’	’	PART
cblr-1730	280	10	lack	lack	NOUN
cblr-1730	280	11	of	of	ADP
cblr-1730	280	12	financial	financial	ADJ
cblr-1730	280	13	acumen	acuman	NOUN
cblr-1730	280	14	,	,	PUNCT
cblr-1730	280	15	the	the	DET
cblr-1730	280	16	brokerage	brokerage	NOUN
cblr-1730	280	17	firm	firm	NOUN
cblr-1730	280	18	was	be	AUX
cblr-1730	280	19	in	in	ADP
cblr-1730	280	20	a	a	DET
cblr-1730	280	21	position	position	NOUN
cblr-1730	280	22	of	of	ADP
cblr-1730	280	23	de	de	X
cblr-1730	280	24	facto	facto	X
cblr-1730	280	25	control	control	NOUN
cblr-1730	280	26	over	over	ADP
cblr-1730	280	27	said	say	VERB
cblr-1730	280	28	customers	customer	NOUN
cblr-1730	280	29	’	'	PUNCT
cblr-1730	280	30	accounts	account	NOUN
cblr-1730	280	31	and	and	CCONJ
cblr-1730	280	32	thus	thus	ADV
cblr-1730	280	33	violated	violate	VERB
cblr-1730	280	34	their	their	PRON
cblr-1730	280	35	duties	duty	NOUN
cblr-1730	280	36	to	to	ADP
cblr-1730	280	37	these	these	DET
cblr-1730	280	38	customers	customer	NOUN
cblr-1730	280	39	by	by	ADP
cblr-1730	280	40	displaying	display	VERB
cblr-1730	280	41	securities	security	NOUN
cblr-1730	280	42	ill	ill	ADV
cblr-1730	280	43	-	-	PUNCT
cblr-1730	280	44	suited	suited	ADJ
cblr-1730	280	45	for	for	ADP
cblr-1730	280	46	them	they	PRON
cblr-1730	280	47	.	.	PUNCT
cblr-1730	281	1	thus	thus	ADV
cblr-1730	281	2	,	,	PUNCT
cblr-1730	281	3	in	in	ADP
cblr-1730	281	4	online	online	ADJ
cblr-1730	281	5	platforms	platform	NOUN
cblr-1730	281	6	,	,	PUNCT
cblr-1730	281	7	this	this	DET
cblr-1730	281	8	trust	trust	NOUN
cblr-1730	281	9	-	-	PUNCT
cblr-1730	281	10	based	base	VERB
cblr-1730	281	11	relationship	relationship	NOUN
cblr-1730	281	12	exists	exist	VERB
cblr-1730	281	13	where	where	SCONJ
cblr-1730	281	14	the	the	DET
cblr-1730	281	15	brokerage	brokerage	NOUN
cblr-1730	281	16	firm	firm	NOUN
cblr-1730	281	17	knows	know	VERB
cblr-1730	281	18	the	the	DET
cblr-1730	281	19	age	age	NOUN
cblr-1730	281	20	,	,	PUNCT
cblr-1730	281	21	education	education	NOUN
cblr-1730	281	22	,	,	PUNCT
cblr-1730	281	23	and	and	CCONJ
cblr-1730	281	24	experience	experience	NOUN
cblr-1730	281	25	of	of	ADP
cblr-1730	281	26	its	its	PRON
cblr-1730	281	27	users	user	NOUN
cblr-1730	281	28	and	and	CCONJ
cblr-1730	281	29	through	through	ADP
cblr-1730	281	30	its	its	PRON
cblr-1730	281	31	contact	contact	NOUN
cblr-1730	281	32	and	and	CCONJ
cblr-1730	281	33	involvement	involvement	NOUN
cblr-1730	281	34	with	with	ADP
cblr-1730	281	35	said	say	VERB
cblr-1730	281	36	users	user	NOUN
cblr-1730	281	37	,	,	PUNCT
cblr-1730	281	38	these	these	DET
cblr-1730	281	39	accountholders	accountholder	NOUN
cblr-1730	281	40	trust	trust	VERB
cblr-1730	281	41	that	that	SCONJ
cblr-1730	281	42	the	the	DET
cblr-1730	281	43	information	information	NOUN
cblr-1730	281	44	supplied	supply	VERB
cblr-1730	281	45	is	be	AUX
cblr-1730	281	46	accurate	accurate	ADJ
cblr-1730	281	47	and	and	CCONJ
cblr-1730	281	48	at	at	ADP
cblr-1730	281	49	least	least	ADJ
cblr-1730	281	50	reasonable	reasonable	ADJ
cblr-1730	281	51	.	.	PUNCT
cblr-1730	282	1	however	however	ADV
cblr-1730	282	2	,	,	PUNCT
cblr-1730	282	3	this	this	PRON
cblr-1730	282	4	presents	present	VERB
cblr-1730	282	5	another	another	DET
cblr-1730	282	6	serious	serious	ADJ
cblr-1730	282	7	problem	problem	NOUN
cblr-1730	282	8	for	for	ADP
cblr-1730	282	9	investor	investor	NOUN
cblr-1730	282	10	protection	protection	NOUN
cblr-1730	282	11	under	under	ADP
cblr-1730	282	12	the	the	DET
cblr-1730	282	13	current	current	ADJ
cblr-1730	282	14	contract	contract	NOUN
cblr-1730	282	15	-	-	PUNCT
cblr-1730	282	16	based	base	VERB
cblr-1730	282	17	system	system	NOUN
cblr-1730	282	18	.	.	PUNCT
cblr-1730	283	1	if	if	SCONJ
cblr-1730	283	2	online	online	ADJ
cblr-1730	283	3	brokerage	brokerage	NOUN
cblr-1730	283	4	platforms	platform	NOUN
cblr-1730	283	5	do	do	AUX
cblr-1730	283	6	exercise	exercise	VERB
cblr-1730	283	7	some	some	DET
cblr-1730	283	8	de	de	X
cblr-1730	283	9	facto	facto	X
cblr-1730	283	10	control	control	NOUN
cblr-1730	283	11	over	over	ADP
cblr-1730	283	12	clients	client	NOUN
cblr-1730	283	13	’	'	PUNCT
cblr-1730	283	14	accounts	account	NOUN
cblr-1730	283	15	(	(	PUNCT
cblr-1730	283	16	i.e.	i.e.	X
cblr-1730	283	17	if	if	SCONJ
cblr-1730	283	18	the	the	DET
cblr-1730	283	19	information	information	NOUN
cblr-1730	283	20	provided	provide	VERB
cblr-1730	283	21	measurably	measurably	ADV
cblr-1730	283	22	impacts	impact	VERB
cblr-1730	283	23	many	many	ADJ
cblr-1730	283	24	users	user	NOUN
cblr-1730	283	25	’	'	PUNCT
cblr-1730	283	26	decisions	decision	NOUN
cblr-1730	283	27	due	due	ADP
cblr-1730	283	28	to	to	ADP
cblr-1730	283	29	their	their	PRON
cblr-1730	283	30	trust	trust	NOUN
cblr-1730	283	31	in	in	ADP
cblr-1730	283	32	said	say	VERB
cblr-1730	283	33	information	information	NOUN
cblr-1730	283	34	)	)	PUNCT
cblr-1730	283	35	where	where	SCONJ
cblr-1730	283	36	there	there	PRON
cblr-1730	283	37	is	be	VERB
cblr-1730	283	38	a	a	DET
cblr-1730	283	39	liability	liability	NOUN
cblr-1730	283	40	waiver	waiver	NOUN
cblr-1730	283	41	such	such	ADJ
cblr-1730	283	42	as	as	ADP
cblr-1730	283	43	the	the	DET
cblr-1730	283	44	scottrade	scottrade	NOUN
cblr-1730	283	45	one	one	NOUN
cblr-1730	283	46	above	above	ADV
cblr-1730	283	47	,	,	PUNCT
cblr-1730	283	48	then	then	ADV
cblr-1730	283	49	brokerage	brokerage	NOUN
cblr-1730	283	50	firms	firm	NOUN
cblr-1730	283	51	may	may	AUX
cblr-1730	283	52	have	have	VERB
cblr-1730	283	53	an	an	DET
cblr-1730	283	54	incentive	incentive	NOUN
cblr-1730	283	55	to	to	PART
cblr-1730	283	56	provide	provide	VERB
cblr-1730	283	57	information	information	NOUN
cblr-1730	283	58	that	that	PRON
cblr-1730	283	59	is	be	AUX
cblr-1730	283	60	in	in	ADP
cblr-1730	283	61	the	the	DET
cblr-1730	283	62	best	good	ADJ
cblr-1730	283	63	interest	interest	NOUN
cblr-1730	283	64	of	of	ADP
cblr-1730	283	65	the	the	DET
cblr-1730	283	66	brokerage	brokerage	NOUN
cblr-1730	283	67	firm	firm	NOUN
cblr-1730	283	68	rather	rather	ADV
cblr-1730	283	69	than	than	ADP
cblr-1730	283	70	the	the	DET
cblr-1730	283	71	investor	investor	NOUN
cblr-1730	283	72	.	.	PUNCT
cblr-1730	284	1	for	for	ADP
cblr-1730	284	2	example	example	NOUN
cblr-1730	284	3	,	,	PUNCT
cblr-1730	284	4	brokerage	brokerage	NOUN
cblr-1730	284	5	firms	firm	NOUN
cblr-1730	284	6	may	may	AUX
cblr-1730	284	7	be	be	AUX
cblr-1730	284	8	encouraged	encourage	VERB
cblr-1730	284	9	to	to	PART
cblr-1730	284	10	display	display	VERB
cblr-1730	284	11	highly	highly	ADV
cblr-1730	284	12	volatile	volatile	ADJ
cblr-1730	284	13	securities	security	NOUN
cblr-1730	284	14	that	that	PRON
cblr-1730	284	15	require	require	VERB
cblr-1730	284	16	a	a	DET
cblr-1730	284	17	greater	great	ADJ
cblr-1730	284	18	frequency	frequency	NOUN
cblr-1730	284	19	in	in	ADP
cblr-1730	284	20	attention	attention	NOUN
cblr-1730	284	21	and	and	CCONJ
cblr-1730	284	22	trading	trading	NOUN
cblr-1730	284	23	but	but	CCONJ
cblr-1730	284	24	that	that	SCONJ
cblr-1730	284	25	typically	typically	ADV
cblr-1730	284	26	also	also	ADV
cblr-1730	284	27	involve	involve	VERB
cblr-1730	284	28	an	an	DET
cblr-1730	284	29	elevated	elevated	ADJ
cblr-1730	284	30	degree	degree	NOUN
cblr-1730	284	31	of	of	ADP
cblr-1730	284	32	risk	risk	NOUN
cblr-1730	284	33	more	more	ADV
cblr-1730	284	34	prominently	prominently	ADV
cblr-1730	284	35	on	on	ADP
cblr-1730	284	36	their	their	PRON
cblr-1730	284	37	websites	website	NOUN
cblr-1730	284	38	.	.	PUNCT
cblr-1730	285	1	in	in	ADP
cblr-1730	285	2	this	this	DET
cblr-1730	285	3	way	way	NOUN
cblr-1730	285	4	,	,	PUNCT
cblr-1730	285	5	brokerage	brokerage	NOUN
cblr-1730	285	6	firms	firm	NOUN
cblr-1730	285	7	could	could	AUX
cblr-1730	285	8	potentially	potentially	ADV
cblr-1730	285	9	increase	increase	VERB
cblr-1730	285	10	trading	trading	NOUN
cblr-1730	285	11	,	,	PUNCT
cblr-1730	285	12	boosting	boost	VERB
cblr-1730	285	13	their	their	PRON
cblr-1730	285	14	commission	commission	NOUN
cblr-1730	285	15	revenue	revenue	NOUN
cblr-1730	285	16	without	without	ADP
cblr-1730	285	17	absorbing	absorb	VERB
cblr-1730	285	18	additional	additional	ADJ
cblr-1730	285	19	liability	liability	NOUN
cblr-1730	285	20	from	from	ADP
cblr-1730	285	21	the	the	DET
cblr-1730	285	22	increased	increase	VERB
cblr-1730	285	23	risk	risk	NOUN
cblr-1730	285	24	exposure	exposure	NOUN
cblr-1730	285	25	to	to	ADP
cblr-1730	285	26	the	the	DET
cblr-1730	285	27	investor	investor	NOUN
cblr-1730	285	28	.	.	PUNCT
cblr-1730	286	1	closely	closely	ADV
cblr-1730	286	2	tied	tie	VERB
cblr-1730	286	3	with	with	ADP
cblr-1730	286	4	the	the	DET
cblr-1730	286	5	problems	problem	NOUN
cblr-1730	286	6	of	of	ADP
cblr-1730	286	7	investor	investor	NOUN
cblr-1730	286	8	protection	protection	NOUN
cblr-1730	286	9	that	that	PRON
cblr-1730	286	10	result	result	VERB
cblr-1730	286	11	from	from	ADP
cblr-1730	286	12	the	the	DET
cblr-1730	286	13	current	current	ADJ
cblr-1730	286	14	contract	contract	NOUN
cblr-1730	286	15	system	system	NOUN
cblr-1730	286	16	for	for	ADP
cblr-1730	286	17	online	online	ADJ
cblr-1730	286	18	platforms	platform	NOUN
cblr-1730	286	19	are	be	AUX
cblr-1730	286	20	problems	problem	NOUN
cblr-1730	286	21	related	relate	VERB
cblr-1730	286	22	to	to	ADP
cblr-1730	286	23	consumer	consumer	NOUN
cblr-1730	286	24	confusion	confusion	NOUN
cblr-1730	286	25	.	.	PUNCT
cblr-1730	287	1	as	as	SCONJ
cblr-1730	287	2	discussed	discuss	VERB
cblr-1730	287	3	,	,	PUNCT
cblr-1730	287	4	the	the	DET
cblr-1730	287	5	services	service	NOUN
cblr-1730	287	6	provided	provide	VERB
cblr-1730	287	7	by	by	ADP
cblr-1730	287	8	online	online	ADJ
cblr-1730	287	9	platforms	platform	NOUN
cblr-1730	287	10	resemble	resemble	VERB
cblr-1730	287	11	those	those	PRON
cblr-1730	287	12	of	of	ADP
cblr-1730	287	13	brokers	broker	NOUN
cblr-1730	287	14	in	in	ADP
cblr-1730	287	15	many	many	ADJ
cblr-1730	287	16	ways	way	NOUN
cblr-1730	287	17	and	and	CCONJ
cblr-1730	287	18	accordingly	accordingly	ADV
cblr-1730	287	19	present	present	VERB
cblr-1730	287	20	the	the	DET
cblr-1730	287	21	same	same	ADJ
cblr-1730	287	22	potential	potential	ADJ
cblr-1730	287	23	issues	issue	NOUN
cblr-1730	287	24	of	of	ADP
cblr-1730	287	25	de	de	X
cblr-1730	287	26	facto	facto	X
cblr-1730	287	27	control	control	NOUN
cblr-1730	287	28	.	.	PUNCT
cblr-1730	288	1	yet	yet	ADV
cblr-1730	288	2	,	,	PUNCT
cblr-1730	288	3	under	under	ADP
cblr-1730	288	4	their	their	PRON
cblr-1730	288	5	investor	investor	NOUN
cblr-1730	288	6	agreements	agreement	NOUN
cblr-1730	288	7	/	/	SYM
cblr-1730	288	8	liability	liability	NOUN
cblr-1730	288	9	waivers	waiver	NOUN
cblr-1730	288	10	,	,	PUNCT
cblr-1730	288	11	they	they	PRON
cblr-1730	288	12	are	be	AUX
cblr-1730	288	13	not	not	PART
cblr-1730	288	14	legal	legal	ADJ
cblr-1730	288	15	equivalents	equivalent	NOUN
cblr-1730	288	16	(	(	PUNCT
cblr-1730	288	17	i.e.	i.e.	X
cblr-1730	288	18	online	online	ADJ
cblr-1730	288	19	information	information	NOUN
cblr-1730	288	20	is	be	AUX
cblr-1730	288	21	not	not	PART
cblr-1730	288	22	considered	consider	VERB
cblr-1730	288	23	advice	advice	NOUN
cblr-1730	288	24	or	or	CCONJ
cblr-1730	288	25	recommendations	recommendation	NOUN
cblr-1730	288	26	for	for	ADP
cblr-1730	288	27	the	the	DET
cblr-1730	288	28	purposes	purpose	NOUN
cblr-1730	288	29	of	of	ADP
cblr-1730	288	30	legal	legal	ADJ
cblr-1730	288	31	accountability	accountability	NOUN
cblr-1730	288	32	)	)	PUNCT
cblr-1730	288	33	.	.	PUNCT
cblr-1730	289	1	further	further	PROPN
cblr-1730	289	2	williams	williams	PROPN
cblr-1730	289	3	v.	v.	ADP
cblr-1730	289	4	scottrade	scottrade	PROPN
cblr-1730	289	5	made	make	VERB
cblr-1730	289	6	it	it	PRON
cblr-1730	289	7	clear	clear	ADJ
cblr-1730	289	8	that	that	SCONJ
cblr-1730	289	9	investors	investor	NOUN
cblr-1730	289	10	are	be	AUX
cblr-1730	289	11	not	not	PART
cblr-1730	289	12	afforded	afford	VERB
cblr-1730	289	13	smith	smith	NOUN
cblr-1730	289	14	–	–	PUNCT
cblr-1730	289	15	final	final	ADJ
cblr-1730	289	16	no	no	NOUN
cblr-1730	289	17	.	.	PUNCT
cblr-1730	290	1	3:1200	3:1200	NUM
cblr-1730	290	2	]	]	X
cblr-1730	290	3	a	a	DET
cblr-1730	290	4	uniform	uniform	ADJ
cblr-1730	290	5	fiduciary	fiduciary	ADJ
cblr-1730	290	6	duty	duty	NOUN
cblr-1730	290	7	1221	1221	NUM
cblr-1730	290	8	the	the	DET
cblr-1730	290	9	same	same	ADJ
cblr-1730	290	10	legal	legal	ADJ
cblr-1730	290	11	rights	right	NOUN
cblr-1730	290	12	,	,	PUNCT
cblr-1730	290	13	remedies	remedy	NOUN
cblr-1730	290	14	,	,	PUNCT
cblr-1730	290	15	and	and	CCONJ
cblr-1730	290	16	protections	protection	NOUN
cblr-1730	290	17	under	under	ADP
cblr-1730	290	18	contract	contract	NOUN
cblr-1730	290	19	law	law	NOUN
cblr-1730	290	20	as	as	SCONJ
cblr-1730	290	21	they	they	PRON
cblr-1730	290	22	are	be	AUX
cblr-1730	290	23	under	under	ADP
cblr-1730	290	24	the	the	DET
cblr-1730	290	25	duty	duty	NOUN
cblr-1730	290	26	of	of	ADP
cblr-1730	290	27	care	care	NOUN
cblr-1730	290	28	or	or	CCONJ
cblr-1730	290	29	fiduciary	fiduciary	ADJ
cblr-1730	290	30	duty	duty	NOUN
cblr-1730	290	31	rules.84	rules.84	NOUN
cblr-1730	290	32	although	although	SCONJ
cblr-1730	290	33	to	to	ADP
cblr-1730	290	34	someone	someone	PRON
cblr-1730	290	35	experienced	experience	VERB
cblr-1730	290	36	in	in	ADP
cblr-1730	290	37	reading	read	VERB
cblr-1730	290	38	consumer	consumer	NOUN
cblr-1730	290	39	contracts	contract	NOUN
cblr-1730	290	40	the	the	DET
cblr-1730	290	41	differences	difference	NOUN
cblr-1730	290	42	between	between	ADP
cblr-1730	290	43	brokers	broker	NOUN
cblr-1730	290	44	and	and	CCONJ
cblr-1730	290	45	online	online	ADJ
cblr-1730	290	46	platforms	platform	NOUN
cblr-1730	290	47	may	may	AUX
cblr-1730	290	48	be	be	AUX
cblr-1730	290	49	clear	clear	ADJ
cblr-1730	290	50	,	,	PUNCT
cblr-1730	290	51	to	to	ADP
cblr-1730	290	52	the	the	DET
cblr-1730	290	53	uninitiated	uninitiated	ADJ
cblr-1730	290	54	they	they	PRON
cblr-1730	290	55	are	be	AUX
cblr-1730	290	56	not	not	PART
cblr-1730	290	57	.	.	PUNCT
cblr-1730	291	1	moreover	moreover	ADV
cblr-1730	291	2	,	,	PUNCT
cblr-1730	291	3	many	many	ADJ
cblr-1730	291	4	consumers	consumer	NOUN
cblr-1730	291	5	do	do	AUX
cblr-1730	291	6	not	not	PART
cblr-1730	291	7	even	even	ADV
cblr-1730	291	8	read	read	VERB
cblr-1730	291	9	standard	standard	ADJ
cblr-1730	291	10	-	-	PUNCT
cblr-1730	291	11	form	form	NOUN
cblr-1730	291	12	electronic	electronic	ADJ
cblr-1730	291	13	contracts85	contracts85	NOUN
cblr-1730	291	14	and	and	CCONJ
cblr-1730	291	15	even	even	ADV
cblr-1730	291	16	for	for	ADP
cblr-1730	291	17	those	those	PRON
cblr-1730	291	18	who	who	PRON
cblr-1730	291	19	do	do	VERB
cblr-1730	291	20	,	,	PUNCT
cblr-1730	291	21	the	the	DET
cblr-1730	291	22	technical	technical	ADJ
cblr-1730	291	23	legal	legal	ADJ
cblr-1730	291	24	definitions	definition	NOUN
cblr-1730	291	25	of	of	ADP
cblr-1730	291	26	terms	term	NOUN
cblr-1730	291	27	such	such	ADJ
cblr-1730	291	28	as	as	ADP
cblr-1730	291	29	“	"	PUNCT
cblr-1730	291	30	fiduciary	fiduciary	ADJ
cblr-1730	291	31	”	"	PUNCT
cblr-1730	291	32	and	and	CCONJ
cblr-1730	291	33	titles	title	NOUN
cblr-1730	291	34	such	such	ADJ
cblr-1730	291	35	as	as	ADP
cblr-1730	291	36	“	"	PUNCT
cblr-1730	291	37	broker	broker	NOUN
cblr-1730	291	38	-	-	PUNCT
cblr-1730	291	39	dealer	dealer	NOUN
cblr-1730	291	40	”	"	PUNCT
cblr-1730	291	41	and	and	CCONJ
cblr-1730	291	42	“	"	PUNCT
cblr-1730	291	43	financial	financial	ADJ
cblr-1730	291	44	adviser	adviser	NOUN
cblr-1730	291	45	”	"	PUNCT
cblr-1730	291	46	under	under	ADP
cblr-1730	291	47	the	the	DET
cblr-1730	291	48	iaa	iaa	NOUN
cblr-1730	291	49	and	and	CCONJ
cblr-1730	291	50	sea	sea	NOUN
cblr-1730	291	51	are	be	AUX
cblr-1730	291	52	hardly	hardly	ADV
cblr-1730	291	53	apparent	apparent	ADJ
cblr-1730	291	54	to	to	ADP
cblr-1730	291	55	the	the	DET
cblr-1730	291	56	average	average	ADJ
cblr-1730	291	57	investor.86	investor.86	NOUN
cblr-1730	291	58	investors	investor	NOUN
cblr-1730	291	59	already	already	ADV
cblr-1730	291	60	struggle	struggle	VERB
cblr-1730	291	61	to	to	PART
cblr-1730	291	62	understand	understand	VERB
cblr-1730	291	63	the	the	DET
cblr-1730	291	64	differences	difference	NOUN
cblr-1730	291	65	in	in	ADP
cblr-1730	291	66	legal	legal	ADJ
cblr-1730	291	67	standard	standard	NOUN
cblr-1730	291	68	and	and	CCONJ
cblr-1730	291	69	primary	primary	ADJ
cblr-1730	291	70	services	service	NOUN
cblr-1730	291	71	provided	provide	VERB
cblr-1730	291	72	between	between	ADP
cblr-1730	291	73	the	the	DET
cblr-1730	291	74	investment	investment	NOUN
cblr-1730	291	75	advisers	adviser	NOUN
cblr-1730	291	76	and	and	CCONJ
cblr-1730	291	77	brokers.87	brokers.87	VERB
cblr-1730	291	78	adding	add	VERB
cblr-1730	291	79	a	a	DET
cblr-1730	291	80	third	third	ADJ
cblr-1730	291	81	level	level	NOUN
cblr-1730	291	82	of	of	ADP
cblr-1730	291	83	legal	legal	ADJ
cblr-1730	291	84	protection	protection	NOUN
cblr-1730	291	85	for	for	ADP
cblr-1730	291	86	online	online	ADJ
cblr-1730	291	87	trading	trading	NOUN
cblr-1730	291	88	only	only	ADV
cblr-1730	291	89	further	far	ADV
cblr-1730	291	90	increases	increase	VERB
cblr-1730	291	91	consumer	consumer	NOUN
cblr-1730	291	92	confusion	confusion	NOUN
cblr-1730	291	93	as	as	ADP
cblr-1730	291	94	to	to	ADP
cblr-1730	291	95	the	the	DET
cblr-1730	291	96	protections	protection	NOUN
cblr-1730	291	97	they	they	PRON
cblr-1730	291	98	are	be	AUX
cblr-1730	291	99	afforded	afford	VERB
cblr-1730	291	100	,	,	PUNCT
cblr-1730	291	101	services	service	NOUN
cblr-1730	291	102	they	they	PRON
cblr-1730	291	103	are	be	AUX
cblr-1730	291	104	provided	provide	VERB
cblr-1730	291	105	,	,	PUNCT
cblr-1730	291	106	and	and	CCONJ
cblr-1730	291	107	which	which	DET
cblr-1730	291	108	type	type	NOUN
cblr-1730	291	109	of	of	ADP
cblr-1730	291	110	financial	financial	ADJ
cblr-1730	291	111	adviser	adviser	NOUN
cblr-1730	291	112	is	be	AUX
cblr-1730	291	113	best	well	ADV
cblr-1730	291	114	suited	suited	ADJ
cblr-1730	291	115	to	to	ADP
cblr-1730	291	116	their	their	PRON
cblr-1730	291	117	needs	need	NOUN
cblr-1730	291	118	.	.	PUNCT
cblr-1730	292	1	with	with	ADP
cblr-1730	292	2	elevated	elevated	ADJ
cblr-1730	292	3	consumer	consumer	NOUN
cblr-1730	292	4	confusion	confusion	NOUN
cblr-1730	292	5	,	,	PUNCT
cblr-1730	292	6	the	the	DET
cblr-1730	292	7	likelihood	likelihood	NOUN
cblr-1730	292	8	of	of	ADP
cblr-1730	292	9	investor	investor	NOUN
cblr-1730	292	10	harm	harm	NOUN
cblr-1730	292	11	will	will	AUX
cblr-1730	292	12	only	only	ADV
cblr-1730	292	13	increase	increase	VERB
cblr-1730	292	14	.	.	PUNCT
cblr-1730	293	1	for	for	ADP
cblr-1730	293	2	example	example	NOUN
cblr-1730	293	3	,	,	PUNCT
cblr-1730	293	4	an	an	DET
cblr-1730	293	5	online	online	ADJ
cblr-1730	293	6	investor	investor	NOUN
cblr-1730	293	7	who	who	PRON
cblr-1730	293	8	believes	believe	VERB
cblr-1730	293	9	the	the	DET
cblr-1730	293	10	information	information	NOUN
cblr-1730	293	11	provided	provide	VERB
cblr-1730	293	12	by	by	ADP
cblr-1730	293	13	their	their	PRON
cblr-1730	293	14	online	online	ADJ
cblr-1730	293	15	trading	trading	NOUN
cblr-1730	293	16	platform	platform	NOUN
cblr-1730	293	17	is	be	AUX
cblr-1730	293	18	in	in	ADP
cblr-1730	293	19	their	their	PRON
cblr-1730	293	20	“	"	PUNCT
cblr-1730	293	21	best	good	ADJ
cblr-1730	293	22	interest	interest	NOUN
cblr-1730	293	23	”	"	PUNCT
cblr-1730	293	24	or	or	CCONJ
cblr-1730	293	25	at	at	ADP
cblr-1730	293	26	least	least	ADJ
cblr-1730	293	27	“	"	PUNCT
cblr-1730	293	28	suitable	suitable	ADJ
cblr-1730	293	29	”	"	PUNCT
cblr-1730	293	30	and	and	CCONJ
cblr-1730	293	31	acts	act	VERB
cblr-1730	293	32	accordingly	accordingly	ADV
cblr-1730	293	33	faces	face	VERB
cblr-1730	293	34	increased	increase	VERB
cblr-1730	293	35	risk	risk	NOUN
cblr-1730	293	36	of	of	ADP
cblr-1730	293	37	abuse	abuse	NOUN
cblr-1730	293	38	by	by	ADP
cblr-1730	293	39	the	the	DET
cblr-1730	293	40	brokerage	brokerage	NOUN
cblr-1730	293	41	firm	firm	NOUN
cblr-1730	293	42	.	.	PUNCT
cblr-1730	294	1	this	this	DET
cblr-1730	294	2	investor	investor	NOUN
cblr-1730	294	3	is	be	AUX
cblr-1730	294	4	also	also	ADV
cblr-1730	294	5	granted	grant	VERB
cblr-1730	294	6	a	a	DET
cblr-1730	294	7	lower	low	ADJ
cblr-1730	294	8	level	level	NOUN
cblr-1730	294	9	of	of	ADP
cblr-1730	294	10	protection	protection	NOUN
cblr-1730	294	11	than	than	SCONJ
cblr-1730	294	12	they	they	PRON
cblr-1730	294	13	would	would	AUX
cblr-1730	294	14	be	be	AUX
cblr-1730	294	15	under	under	ADP
cblr-1730	294	16	the	the	DET
cblr-1730	294	17	fiduciary	fiduciary	ADJ
cblr-1730	294	18	or	or	CCONJ
cblr-1730	294	19	suitability	suitability	NOUN
cblr-1730	294	20	standard	standard	NOUN
cblr-1730	294	21	,	,	PUNCT
cblr-1730	294	22	and	and	CCONJ
cblr-1730	294	23	a	a	DET
cblr-1730	294	24	lower	low	ADJ
cblr-1730	294	25	level	level	NOUN
cblr-1730	294	26	of	of	ADP
cblr-1730	294	27	protection	protection	NOUN
cblr-1730	294	28	than	than	SCONJ
cblr-1730	294	29	they	they	PRON
cblr-1730	294	30	expected	expect	VERB
cblr-1730	294	31	.	.	PUNCT
cblr-1730	295	1	in	in	ADP
cblr-1730	295	2	many	many	ADJ
cblr-1730	295	3	ways	way	NOUN
cblr-1730	295	4	,	,	PUNCT
cblr-1730	295	5	the	the	DET
cblr-1730	295	6	level	level	NOUN
cblr-1730	295	7	of	of	ADP
cblr-1730	295	8	consumer	consumer	NOUN
cblr-1730	295	9	confusion	confusion	NOUN
cblr-1730	295	10	that	that	PRON
cblr-1730	295	11	impacts	impact	VERB
cblr-1730	295	12	the	the	DET
cblr-1730	295	13	amount	amount	NOUN
cblr-1730	295	14	of	of	ADP
cblr-1730	295	15	de	de	X
cblr-1730	295	16	facto	facto	X
cblr-1730	295	17	control	control	NOUN
cblr-1730	295	18	brokerage	brokerage	NOUN
cblr-1730	295	19	firms	firm	NOUN
cblr-1730	295	20	can	can	AUX
cblr-1730	295	21	potentially	potentially	ADV
cblr-1730	295	22	exercise	exercise	VERB
cblr-1730	295	23	.	.	PUNCT
cblr-1730	296	1	the	the	DET
cblr-1730	296	2	more	more	ADJ
cblr-1730	296	3	users	user	NOUN
cblr-1730	296	4	that	that	PRON
cblr-1730	296	5	believe	believe	VERB
cblr-1730	296	6	information	information	NOUN
cblr-1730	296	7	from	from	ADP
cblr-1730	296	8	an	an	DET
cblr-1730	296	9	online	online	ADJ
cblr-1730	296	10	platform	platform	NOUN
cblr-1730	296	11	is	be	AUX
cblr-1730	296	12	“	"	PUNCT
cblr-1730	296	13	suitable	suitable	ADJ
cblr-1730	296	14	”	"	PUNCT
cblr-1730	296	15	advice	advice	NOUN
cblr-1730	296	16	or	or	CCONJ
cblr-1730	296	17	advice	advice	NOUN
cblr-1730	296	18	in	in	ADP
cblr-1730	296	19	their	their	PRON
cblr-1730	296	20	“	"	PUNCT
cblr-1730	296	21	best	good	ADJ
cblr-1730	296	22	interest	interest	NOUN
cblr-1730	296	23	,	,	PUNCT
cblr-1730	296	24	”	"	PUNCT
cblr-1730	296	25	84	84	NUM
cblr-1730	296	26	williams	william	NOUN
cblr-1730	296	27	v.	v.	ADP
cblr-1730	296	28	scottrade	scottrade	PROPN
cblr-1730	296	29	,	,	PUNCT
cblr-1730	296	30	inc	inc	PROPN
cblr-1730	296	31	.	.	PROPN
cblr-1730	296	32	,	,	PUNCT
cblr-1730	296	33	no	no	INTJ
cblr-1730	296	34	.	.	NOUN
cblr-1730	296	35	06	06	NUM
cblr-1730	296	36	-	-	SYM
cblr-1730	296	37	10677	10677	NUM
cblr-1730	296	38	,	,	PUNCT
cblr-1730	296	39	2006	2006	NUM
cblr-1730	296	40	wl	wl	NOUN
cblr-1730	296	41	2077588	2077588	NUM
cblr-1730	296	42	,	,	PUNCT
cblr-1730	296	43	at	at	ADP
cblr-1730	296	44	*	*	PROPN
cblr-1730	296	45	4	4	NUM
cblr-1730	296	46	–	–	SYM
cblr-1730	296	47	5	5	NUM
cblr-1730	296	48	(	(	PUNCT
cblr-1730	296	49	e.d	e.d	PROPN
cblr-1730	296	50	.	.	PROPN
cblr-1730	296	51	mich	mich	PROPN
cblr-1730	296	52	.	.	PUNCT
cblr-1730	297	1	july	july	PROPN
cblr-1730	297	2	24	24	NUM
cblr-1730	297	3	,	,	PUNCT
cblr-1730	297	4	2006	2006	NUM
cblr-1730	297	5	)	)	PUNCT
cblr-1730	297	6	.	.	PUNCT
cblr-1730	297	7	85	85	NUM
cblr-1730	297	8	yannis	yannis	PROPN
cblr-1730	297	9	bakos	bakos	NOUN
cblr-1730	297	10	,	,	PUNCT
cblr-1730	297	11	florencia	florencia	PROPN
cblr-1730	297	12	marotta	marotta	ADJ
cblr-1730	297	13	-	-	PUNCT
cblr-1730	297	14	wurgler	wurgler	NOUN
cblr-1730	297	15	&	&	CCONJ
cblr-1730	297	16	david	david	PROPN
cblr-1730	297	17	r.	r.	PROPN
cblr-1730	297	18	trossen	trossen	PROPN
cblr-1730	297	19	,	,	PUNCT
cblr-1730	297	20	does	do	AUX
cblr-1730	297	21	anyone	anyone	PRON
cblr-1730	297	22	read	read	VERB
cblr-1730	297	23	the	the	DET
cblr-1730	297	24	fine	fine	ADJ
cblr-1730	297	25	print	print	NOUN
cblr-1730	297	26	?	?	PUNCT
cblr-1730	298	1	consumer	consumer	NOUN
cblr-1730	298	2	attention	attention	NOUN
cblr-1730	298	3	to	to	ADP
cblr-1730	298	4	standard	standard	NOUN
cblr-1730	298	5	-	-	PUNCT
cblr-1730	298	6	from	from	ADP
cblr-1730	298	7	contracts	contract	NOUN
cblr-1730	298	8	,	,	PUNCT
cblr-1730	298	9	43	43	NUM
cblr-1730	298	10	j.	j.	PROPN
cblr-1730	298	11	legal	legal	ADJ
cblr-1730	298	12	stud	stud	NOUN
cblr-1730	298	13	.	.	PUNCT
cblr-1730	299	1	1	1	NUM
cblr-1730	299	2	,	,	PUNCT
cblr-1730	299	3	32	32	NUM
cblr-1730	299	4	(	(	PUNCT
cblr-1730	299	5	2014	2014	NUM
cblr-1730	299	6	)	)	PUNCT
cblr-1730	299	7	(	(	PUNCT
cblr-1730	299	8	finding	find	VERB
cblr-1730	299	9	that	that	SCONJ
cblr-1730	299	10	only	only	ADV
cblr-1730	299	11	one	one	NUM
cblr-1730	299	12	or	or	CCONJ
cblr-1730	299	13	two	two	NUM
cblr-1730	299	14	out	out	ADP
cblr-1730	299	15	of	of	ADP
cblr-1730	299	16	every	every	DET
cblr-1730	299	17	1000	1000	NUM
cblr-1730	299	18	retail	retail	ADJ
cblr-1730	299	19	software	software	NOUN
cblr-1730	299	20	shoppers	shopper	NOUN
cblr-1730	299	21	accessed	access	VERB
cblr-1730	299	22	the	the	DET
cblr-1730	299	23	standard	standard	ADJ
cblr-1730	299	24	-	-	PUNCT
cblr-1730	299	25	form	form	NOUN
cblr-1730	299	26	license	license	NOUN
cblr-1730	299	27	agreement	agreement	NOUN
cblr-1730	299	28	)	)	PUNCT
cblr-1730	299	29	.	.	PUNCT
cblr-1730	300	1	86	86	NUM
cblr-1730	300	2	see	see	VERB
cblr-1730	300	3	sec	sec	PROPN
cblr-1730	300	4	study	study	NOUN
cblr-1730	300	5	,	,	PUNCT
cblr-1730	300	6	supra	supra	PROPN
cblr-1730	300	7	note	note	PROPN
cblr-1730	300	8	6	6	NUM
cblr-1730	300	9	,	,	PUNCT
cblr-1730	300	10	at	at	ADP
cblr-1730	300	11	96	96	NUM
cblr-1730	300	12	.	.	PUNCT
cblr-1730	301	1	87	87	NUM
cblr-1730	301	2	see	see	VERB
cblr-1730	301	3	varnavides	varnavide	NOUN
cblr-1730	301	4	,	,	PUNCT
cblr-1730	301	5	supra	supra	PROPN
cblr-1730	301	6	note	note	NOUN
cblr-1730	301	7	6	6	NUM
cblr-1730	301	8	,	,	PUNCT
cblr-1730	301	9	at	at	ADP
cblr-1730	301	10	215	215	NUM
cblr-1730	301	11	;	;	PUNCT
cblr-1730	301	12	see	see	VERB
cblr-1730	301	13	also	also	ADV
cblr-1730	301	14	sec	sec	PROPN
cblr-1730	301	15	study	study	NOUN
cblr-1730	301	16	,	,	PUNCT
cblr-1730	301	17	supra	supra	PROPN
cblr-1730	301	18	note	note	PROPN
cblr-1730	301	19	6	6	NUM
cblr-1730	301	20	,	,	PUNCT
cblr-1730	301	21	at	at	ADP
cblr-1730	301	22	94–101	94–101	PROPN
cblr-1730	301	23	.	.	PUNCT
cblr-1730	302	1	smith	smith	PROPN
cblr-1730	302	2	–	–	PUNCT
cblr-1730	302	3	final	final	ADJ
cblr-1730	302	4	1222	1222	NUM
cblr-1730	302	5	columbia	columbia	PROPN
cblr-1730	302	6	business	business	NOUN
cblr-1730	302	7	law	law	PROPN
cblr-1730	302	8	review	review	NOUN
cblr-1730	303	1	[	[	X
cblr-1730	303	2	vol	vol	NOUN
cblr-1730	303	3	.	.	NOUN
cblr-1730	303	4	2017	2017	NUM
cblr-1730	303	5	the	the	DET
cblr-1730	303	6	more	more	ADV
cblr-1730	303	7	likely	likely	ADJ
cblr-1730	303	8	brokerage	brokerage	NOUN
cblr-1730	303	9	firms	firm	NOUN
cblr-1730	303	10	can	can	AUX
cblr-1730	303	11	use	use	VERB
cblr-1730	303	12	that	that	DET
cblr-1730	303	13	information	information	NOUN
cblr-1730	303	14	to	to	ADP
cblr-1730	303	15	their	their	PRON
cblr-1730	303	16	own	own	ADJ
cblr-1730	303	17	advantage	advantage	NOUN
cblr-1730	303	18	without	without	ADP
cblr-1730	303	19	facing	face	VERB
cblr-1730	303	20	increased	increase	VERB
cblr-1730	303	21	liability	liability	NOUN
cblr-1730	303	22	due	due	ADP
cblr-1730	303	23	to	to	ADP
cblr-1730	303	24	their	their	PRON
cblr-1730	303	25	investor	investor	NOUN
cblr-1730	303	26	agreements	agreement	NOUN
cblr-1730	303	27	’	'	PUNCT
cblr-1730	303	28	terms	term	NOUN
cblr-1730	303	29	.	.	PUNCT
cblr-1730	304	1	thus	thus	ADV
cblr-1730	304	2	,	,	PUNCT
cblr-1730	304	3	the	the	DET
cblr-1730	304	4	close	close	ADJ
cblr-1730	304	5	relationship	relationship	NOUN
cblr-1730	304	6	between	between	ADP
cblr-1730	304	7	consumer	consumer	NOUN
cblr-1730	304	8	confusion	confusion	NOUN
cblr-1730	304	9	and	and	CCONJ
cblr-1730	304	10	investor	investor	NOUN
cblr-1730	304	11	protection	protection	NOUN
cblr-1730	304	12	demonstrates	demonstrate	VERB
cblr-1730	304	13	that	that	SCONJ
cblr-1730	304	14	there	there	PRON
cblr-1730	304	15	is	be	VERB
cblr-1730	304	16	a	a	DET
cblr-1730	304	17	risk	risk	NOUN
cblr-1730	304	18	of	of	ADP
cblr-1730	304	19	consumer	consumer	NOUN
cblr-1730	304	20	harm	harm	NOUN
cblr-1730	304	21	as	as	SCONJ
cblr-1730	304	22	consumers	consumer	NOUN
cblr-1730	304	23	attempt	attempt	VERB
cblr-1730	304	24	to	to	PART
cblr-1730	304	25	discern	discern	VERB
cblr-1730	304	26	between	between	ADP
cblr-1730	304	27	the	the	DET
cblr-1730	304	28	distinct	distinct	ADJ
cblr-1730	304	29	legal	legal	ADJ
cblr-1730	304	30	protections	protection	NOUN
cblr-1730	304	31	of	of	ADP
cblr-1730	304	32	the	the	DET
cblr-1730	304	33	multiple	multiple	ADJ
cblr-1730	304	34	similar	similar	ADJ
cblr-1730	304	35	services	service	NOUN
cblr-1730	304	36	provided	provide	VERB
cblr-1730	304	37	by	by	ADP
cblr-1730	304	38	advisers	adviser	NOUN
cblr-1730	304	39	,	,	PUNCT
cblr-1730	304	40	brokers	broker	NOUN
cblr-1730	304	41	,	,	PUNCT
cblr-1730	304	42	and	and	CCONJ
cblr-1730	304	43	online	online	ADJ
cblr-1730	304	44	platforms	platform	NOUN
cblr-1730	304	45	.	.	PUNCT
cblr-1730	305	1	related	relate	VERB
cblr-1730	305	2	to	to	ADP
cblr-1730	305	3	the	the	DET
cblr-1730	305	4	principles	principle	NOUN
cblr-1730	305	5	of	of	ADP
cblr-1730	305	6	consumer	consumer	NOUN
cblr-1730	305	7	confusion	confusion	NOUN
cblr-1730	305	8	and	and	CCONJ
cblr-1730	305	9	investor	investor	NOUN
cblr-1730	305	10	harm	harm	NOUN
cblr-1730	305	11	is	be	AUX
cblr-1730	305	12	market	market	NOUN
cblr-1730	305	13	efficiency	efficiency	NOUN
cblr-1730	305	14	.	.	PUNCT
cblr-1730	306	1	logically	logically	ADV
cblr-1730	306	2	,	,	PUNCT
cblr-1730	306	3	as	as	ADP
cblr-1730	306	4	consumer	consumer	NOUN
cblr-1730	306	5	confusion	confusion	NOUN
cblr-1730	306	6	increases	increase	NOUN
cblr-1730	306	7	,	,	PUNCT
cblr-1730	306	8	resources	resource	NOUN
cblr-1730	306	9	are	be	AUX
cblr-1730	306	10	invested	invest	VERB
cblr-1730	306	11	and	and	CCONJ
cblr-1730	306	12	allocated	allocate	VERB
cblr-1730	306	13	less	less	ADJ
cblr-1730	306	14	efficiently.88	efficiently.88	NOUN
cblr-1730	306	15	for	for	ADP
cblr-1730	306	16	example	example	NOUN
cblr-1730	306	17	,	,	PUNCT
cblr-1730	306	18	an	an	DET
cblr-1730	306	19	investor	investor	NOUN
cblr-1730	306	20	who	who	PRON
cblr-1730	306	21	may	may	AUX
cblr-1730	306	22	be	be	AUX
cblr-1730	306	23	better	well	ADV
cblr-1730	306	24	suited	suit	VERB
cblr-1730	306	25	for	for	ADP
cblr-1730	306	26	an	an	DET
cblr-1730	306	27	investment	investment	NOUN
cblr-1730	306	28	adviser	adviser	NOUN
cblr-1730	306	29	might	might	AUX
cblr-1730	306	30	instead	instead	ADV
cblr-1730	306	31	select	select	VERB
cblr-1730	306	32	an	an	DET
cblr-1730	306	33	online	online	ADJ
cblr-1730	306	34	platform	platform	NOUN
cblr-1730	306	35	due	due	ADP
cblr-1730	306	36	to	to	ADP
cblr-1730	306	37	a	a	DET
cblr-1730	306	38	lack	lack	NOUN
cblr-1730	306	39	of	of	ADP
cblr-1730	306	40	understanding	understanding	NOUN
cblr-1730	306	41	of	of	ADP
cblr-1730	306	42	the	the	DET
cblr-1730	306	43	differences	difference	NOUN
cblr-1730	306	44	between	between	ADP
cblr-1730	306	45	the	the	DET
cblr-1730	306	46	two	two	NUM
cblr-1730	306	47	.	.	PUNCT
cblr-1730	307	1	these	these	DET
cblr-1730	307	2	mistaken	mistaken	ADJ
cblr-1730	307	3	beliefs	belief	NOUN
cblr-1730	307	4	and	and	CCONJ
cblr-1730	307	5	subsequent	subsequent	ADJ
cblr-1730	307	6	improper	improper	ADJ
cblr-1730	307	7	choices	choice	NOUN
cblr-1730	307	8	may	may	AUX
cblr-1730	307	9	,	,	PUNCT
cblr-1730	307	10	for	for	ADP
cblr-1730	307	11	reasons	reason	NOUN
cblr-1730	307	12	previously	previously	ADV
cblr-1730	307	13	discussed	discuss	VERB
cblr-1730	307	14	,	,	PUNCT
cblr-1730	307	15	result	result	VERB
cblr-1730	307	16	in	in	ADP
cblr-1730	307	17	harm	harm	NOUN
cblr-1730	307	18	to	to	ADP
cblr-1730	307	19	the	the	DET
cblr-1730	307	20	investor	investor	NOUN
cblr-1730	307	21	that	that	PRON
cblr-1730	307	22	could	could	AUX
cblr-1730	307	23	otherwise	otherwise	ADV
cblr-1730	307	24	be	be	AUX
cblr-1730	307	25	avoided	avoid	VERB
cblr-1730	307	26	.	.	PUNCT
cblr-1730	308	1	moreover	moreover	ADV
cblr-1730	308	2	,	,	PUNCT
cblr-1730	308	3	the	the	DET
cblr-1730	308	4	terms	term	NOUN
cblr-1730	308	5	of	of	ADP
cblr-1730	308	6	online	online	ADJ
cblr-1730	308	7	investor	investor	NOUN
cblr-1730	308	8	agreements	agreement	NOUN
cblr-1730	308	9	are	be	AUX
cblr-1730	308	10	often	often	ADV
cblr-1730	308	11	such	such	ADJ
cblr-1730	308	12	that	that	SCONJ
cblr-1730	308	13	an	an	DET
cblr-1730	308	14	investor	investor	NOUN
cblr-1730	308	15	’s	’s	PART
cblr-1730	308	16	mistaken	mistaken	ADJ
cblr-1730	308	17	beliefs	belief	NOUN
cblr-1730	308	18	about	about	ADP
cblr-1730	308	19	any	any	DET
cblr-1730	308	20	services	service	NOUN
cblr-1730	308	21	or	or	CCONJ
cblr-1730	308	22	information	information	NOUN
cblr-1730	308	23	provided	provide	VERB
cblr-1730	308	24	by	by	ADP
cblr-1730	308	25	the	the	DET
cblr-1730	308	26	online	online	ADJ
cblr-1730	308	27	platform	platform	NOUN
cblr-1730	308	28	are	be	AUX
cblr-1730	308	29	insufficient	insufficient	ADJ
cblr-1730	308	30	grounds	ground	NOUN
cblr-1730	308	31	for	for	ADP
cblr-1730	308	32	any	any	DET
cblr-1730	308	33	claims	claim	NOUN
cblr-1730	308	34	or	or	CCONJ
cblr-1730	308	35	recovery	recovery	NOUN
cblr-1730	308	36	against	against	ADP
cblr-1730	308	37	the	the	DET
cblr-1730	308	38	brokerage	brokerage	NOUN
cblr-1730	308	39	firm	firm	NOUN
cblr-1730	308	40	.	.	PUNCT
cblr-1730	309	1	in	in	ADP
cblr-1730	309	2	contrast	contrast	NOUN
cblr-1730	309	3	,	,	PUNCT
cblr-1730	309	4	the	the	DET
cblr-1730	309	5	investor	investor	NOUN
cblr-1730	309	6	maintains	maintain	VERB
cblr-1730	309	7	some	some	DET
cblr-1730	309	8	right	right	NOUN
cblr-1730	309	9	to	to	ADP
cblr-1730	309	10	recovery	recovery	NOUN
cblr-1730	309	11	under	under	ADP
cblr-1730	309	12	the	the	DET
cblr-1730	309	13	fiduciary	fiduciary	ADJ
cblr-1730	309	14	or	or	CCONJ
cblr-1730	309	15	suitability	suitability	NOUN
cblr-1730	309	16	standards	standard	NOUN
cblr-1730	309	17	,	,	PUNCT
cblr-1730	309	18	regardless	regardless	ADV
cblr-1730	309	19	of	of	ADP
cblr-1730	309	20	the	the	DET
cblr-1730	309	21	investor	investor	NOUN
cblr-1730	309	22	’s	’s	PART
cblr-1730	309	23	beliefs	belief	NOUN
cblr-1730	309	24	,	,	PUNCT
cblr-1730	309	25	if	if	SCONJ
cblr-1730	309	26	the	the	DET
cblr-1730	309	27	financial	financial	ADJ
cblr-1730	309	28	adviser	adviser	NOUN
cblr-1730	309	29	’s	’s	PART
cblr-1730	309	30	recommendation	recommendation	NOUN
cblr-1730	309	31	was	be	AUX
cblr-1730	309	32	not	not	PART
cblr-1730	309	33	in	in	ADP
cblr-1730	309	34	the	the	DET
cblr-1730	309	35	best	good	ADJ
cblr-1730	309	36	interests	interest	NOUN
cblr-1730	309	37	of	of	ADP
cblr-1730	309	38	the	the	DET
cblr-1730	309	39	investor	investor	NOUN
cblr-1730	309	40	or	or	CCONJ
cblr-1730	309	41	suitable	suitable	ADJ
cblr-1730	309	42	for	for	ADP
cblr-1730	309	43	the	the	DET
cblr-1730	309	44	investor	investor	NOUN
cblr-1730	309	45	.	.	PUNCT
cblr-1730	310	1	effectively	effectively	ADV
cblr-1730	310	2	,	,	PUNCT
cblr-1730	310	3	consumer	consumer	NOUN
cblr-1730	310	4	confusion	confusion	NOUN
cblr-1730	310	5	increases	increase	VERB
cblr-1730	310	6	the	the	DET
cblr-1730	310	7	costs	cost	NOUN
cblr-1730	310	8	of	of	ADP
cblr-1730	310	9	information	information	NOUN
cblr-1730	310	10	and	and	CCONJ
cblr-1730	310	11	trading	trading	NOUN
cblr-1730	310	12	,	,	PUNCT
cblr-1730	310	13	which	which	PRON
cblr-1730	310	14	in	in	ADP
cblr-1730	310	15	turn	turn	NOUN
cblr-1730	310	16	results	result	NOUN
cblr-1730	310	17	in	in	ADP
cblr-1730	310	18	less	less	ADV
cblr-1730	310	19	informative	informative	ADJ
cblr-1730	310	20	prices	price	NOUN
cblr-1730	310	21	(	(	PUNCT
cblr-1730	310	22	i.e.	i.e.	X
cblr-1730	310	23	prices	price	NOUN
cblr-1730	310	24	that	that	PRON
cblr-1730	310	25	differ	differ	VERB
cblr-1730	310	26	from	from	ADP
cblr-1730	310	27	fundamental	fundamental	ADJ
cblr-1730	310	28	values).89	values).89	NOUN
cblr-1730	310	29	when	when	SCONJ
cblr-1730	310	30	prices	price	NOUN
cblr-1730	310	31	are	be	AUX
cblr-1730	310	32	less	less	ADV
cblr-1730	310	33	informative	informative	ADJ
cblr-1730	310	34	,	,	PUNCT
cblr-1730	310	35	markets	market	NOUN
cblr-1730	310	36	allocate	allocate	VERB
cblr-1730	310	37	resources	resource	NOUN
cblr-1730	310	38	less	less	ADV
cblr-1730	310	39	efficiently.90	efficiently.90	ADV
cblr-1730	310	40	thus	thus	ADV
cblr-1730	310	41	efficiency	efficiency	NOUN
cblr-1730	310	42	is	be	AUX
cblr-1730	310	43	critical	critical	ADJ
cblr-1730	310	44	to	to	ADP
cblr-1730	310	45	successful	successful	ADJ
cblr-1730	310	46	in	in	ADP
cblr-1730	310	47	88	88	NUM
cblr-1730	310	48	hannah	hannah	PROPN
cblr-1730	310	49	brennan	brennan	PROPN
cblr-1730	310	50	,	,	PUNCT
cblr-1730	310	51	the	the	DET
cblr-1730	310	52	cost	cost	NOUN
cblr-1730	310	53	of	of	ADP
cblr-1730	310	54	confusion	confusion	NOUN
cblr-1730	310	55	:	:	PUNCT
cblr-1730	310	56	the	the	DET
cblr-1730	310	57	paradox	paradox	NOUN
cblr-1730	310	58	of	of	ADP
cblr-1730	310	59	trademarked	trademark	VERB
cblr-1730	310	60	pharmaceuticals	pharmaceutical	NOUN
cblr-1730	310	61	,	,	PUNCT
cblr-1730	310	62	19	19	NUM
cblr-1730	310	63	mich	mich	PROPN
cblr-1730	310	64	.	.	PUNCT
cblr-1730	310	65	telecomm	telecomm	PROPN
cblr-1730	310	66	.	.	PUNCT
cblr-1730	311	1	&	&	CCONJ
cblr-1730	312	1	tech	tech	PROPN
cblr-1730	312	2	.	.	PUNCT
cblr-1730	313	1	l.	l.	PROPN
cblr-1730	313	2	rev	rev	PROPN
cblr-1730	313	3	.	.	PROPN
cblr-1730	313	4	1	1	NUM
cblr-1730	313	5	(	(	PUNCT
cblr-1730	313	6	2015	2015	NUM
cblr-1730	313	7	)	)	PUNCT
cblr-1730	313	8	(	(	PUNCT
cblr-1730	313	9	finding	find	VERB
cblr-1730	313	10	pharmaceutical	pharmaceutical	ADJ
cblr-1730	313	11	trademarks	trademark	NOUN
cblr-1730	313	12	create	create	VERB
cblr-1730	313	13	consumer	consumer	NOUN
cblr-1730	313	14	confusion	confusion	NOUN
cblr-1730	313	15	which	which	PRON
cblr-1730	313	16	diminishes	diminish	VERB
cblr-1730	313	17	market	market	NOUN
cblr-1730	313	18	efficiency	efficiency	NOUN
cblr-1730	313	19	)	)	PUNCT
cblr-1730	313	20	.	.	PUNCT
cblr-1730	314	1	89	89	NUM
cblr-1730	314	2	larry	larry	PROPN
cblr-1730	314	3	harris	harris	PROPN
cblr-1730	314	4	,	,	PUNCT
cblr-1730	314	5	trading	trading	NOUN
cblr-1730	314	6	&	&	CCONJ
cblr-1730	314	7	exchanges	exchange	NOUN
cblr-1730	314	8	:	:	PUNCT
cblr-1730	314	9	market	market	NOUN
cblr-1730	314	10	microstructure	microstructure	NOUN
cblr-1730	314	11	for	for	ADP
cblr-1730	314	12	practitioners	practitioner	NOUN
cblr-1730	314	13	240	240	NUM
cblr-1730	314	14	(	(	PUNCT
cblr-1730	314	15	2003	2003	NUM
cblr-1730	314	16	)	)	PUNCT
cblr-1730	314	17	.	.	PUNCT
cblr-1730	315	1	90	90	NUM
cblr-1730	316	1	i	i	PRON
cblr-1730	316	2	d.	d.	PROPN
cblr-1730	316	3	at	at	ADP
cblr-1730	316	4	206–07	206–07	PROPN
cblr-1730	316	5	,	,	PUNCT
cblr-1730	316	6	222–23	222–23	PROPN
cblr-1730	316	7	smith	smith	PROPN
cblr-1730	316	8	–	–	PUNCT
cblr-1730	316	9	final	final	ADJ
cblr-1730	316	10	no	no	NOUN
cblr-1730	316	11	.	.	PUNCT
cblr-1730	317	1	3:1200	3:1200	NUM
cblr-1730	317	2	]	]	X
cblr-1730	317	3	a	a	DET
cblr-1730	317	4	uniform	uniform	ADJ
cblr-1730	317	5	fiduciary	fiduciary	ADJ
cblr-1730	317	6	duty	duty	NOUN
cblr-1730	317	7	1223	1223	NUM
cblr-1730	317	8	vesting	vest	VERB
cblr-1730	317	9	,	,	PUNCT
cblr-1730	317	10	and	and	CCONJ
cblr-1730	317	11	inefficiencies	inefficiency	NOUN
cblr-1730	317	12	in	in	ADP
cblr-1730	317	13	investment	investment	NOUN
cblr-1730	317	14	allocation	allocation	NOUN
cblr-1730	317	15	are	be	AUX
cblr-1730	317	16	another	another	DET
cblr-1730	317	17	major	major	ADJ
cblr-1730	317	18	problem	problem	NOUN
cblr-1730	317	19	facing	face	VERB
cblr-1730	317	20	the	the	DET
cblr-1730	317	21	current	current	ADJ
cblr-1730	317	22	contract	contract	NOUN
cblr-1730	317	23	-	-	PUNCT
cblr-1730	317	24	based	base	VERB
cblr-1730	317	25	approach	approach	NOUN
cblr-1730	317	26	for	for	ADP
cblr-1730	317	27	online	online	ADJ
cblr-1730	317	28	platforms	platform	NOUN
cblr-1730	317	29	.	.	PUNCT
cblr-1730	318	1	the	the	DET
cblr-1730	318	2	current	current	ADJ
cblr-1730	318	3	contract	contract	NOUN
cblr-1730	318	4	-	-	PUNCT
cblr-1730	318	5	based	base	VERB
cblr-1730	318	6	approach	approach	NOUN
cblr-1730	318	7	,	,	PUNCT
cblr-1730	318	8	providing	provide	VERB
cblr-1730	318	9	legal	legal	ADJ
cblr-1730	318	10	rights	right	NOUN
cblr-1730	318	11	and	and	CCONJ
cblr-1730	318	12	obligations	obligation	NOUN
cblr-1730	318	13	between	between	ADP
cblr-1730	318	14	investors	investor	NOUN
cblr-1730	318	15	and	and	CCONJ
cblr-1730	318	16	online	online	ADJ
cblr-1730	318	17	investing	investing	NOUN
cblr-1730	318	18	platforms	platform	NOUN
cblr-1730	318	19	,	,	PUNCT
cblr-1730	318	20	presents	present	VERB
cblr-1730	318	21	three	three	NUM
cblr-1730	318	22	related	related	ADJ
cblr-1730	318	23	,	,	PUNCT
cblr-1730	318	24	major	major	ADJ
cblr-1730	318	25	problems	problem	NOUN
cblr-1730	318	26	.	.	PUNCT
cblr-1730	319	1	namely	namely	ADV
cblr-1730	319	2	,	,	PUNCT
cblr-1730	319	3	the	the	DET
cblr-1730	319	4	current	current	ADJ
cblr-1730	319	5	system	system	NOUN
cblr-1730	319	6	decreases	decrease	VERB
cblr-1730	319	7	investor	investor	NOUN
cblr-1730	319	8	protection	protection	NOUN
cblr-1730	319	9	,	,	PUNCT
cblr-1730	319	10	increases	increase	VERB
cblr-1730	319	11	consumer	consumer	NOUN
cblr-1730	319	12	confusion	confusion	NOUN
cblr-1730	319	13	,	,	PUNCT
cblr-1730	319	14	and	and	CCONJ
cblr-1730	319	15	decreases	decrease	VERB
cblr-1730	319	16	market	market	NOUN
cblr-1730	319	17	efficiency	efficiency	NOUN
cblr-1730	319	18	.	.	PUNCT
cblr-1730	320	1	it	it	PRON
cblr-1730	320	2	can	can	AUX
cblr-1730	320	3	be	be	AUX
cblr-1730	320	4	said	say	VERB
cblr-1730	320	5	that	that	SCONJ
cblr-1730	320	6	brokerage	brokerage	NOUN
cblr-1730	320	7	firms	firm	NOUN
cblr-1730	320	8	have	have	AUX
cblr-1730	320	9	made	make	VERB
cblr-1730	320	10	substantial	substantial	ADJ
cblr-1730	320	11	efforts	effort	NOUN
cblr-1730	320	12	to	to	PART
cblr-1730	320	13	make	make	VERB
cblr-1730	320	14	clear	clear	ADJ
cblr-1730	320	15	the	the	DET
cblr-1730	320	16	difference	difference	NOUN
cblr-1730	320	17	between	between	ADP
cblr-1730	320	18	online	online	ADJ
cblr-1730	320	19	trading	trading	NOUN
cblr-1730	320	20	platforms	platform	NOUN
cblr-1730	320	21	,	,	PUNCT
cblr-1730	320	22	brokers	broker	NOUN
cblr-1730	320	23	,	,	PUNCT
cblr-1730	320	24	and	and	CCONJ
cblr-1730	320	25	advisers	adviser	NOUN
cblr-1730	320	26	both	both	CCONJ
cblr-1730	320	27	in	in	ADP
cblr-1730	320	28	the	the	DET
cblr-1730	320	29	terms	term	NOUN
cblr-1730	320	30	of	of	ADP
cblr-1730	320	31	their	their	PRON
cblr-1730	320	32	investor	investor	NOUN
cblr-1730	320	33	agreements	agreement	NOUN
cblr-1730	320	34	as	as	ADV
cblr-1730	320	35	well	well	ADV
cblr-1730	320	36	as	as	ADP
cblr-1730	320	37	in	in	ADP
cblr-1730	320	38	the	the	DET
cblr-1730	320	39	tools	tool	NOUN
cblr-1730	320	40	and	and	CCONJ
cblr-1730	320	41	information	information	NOUN
cblr-1730	320	42	they	they	PRON
cblr-1730	320	43	provide.91	provide.91	PROPN
cblr-1730	320	44	however	however	ADV
cblr-1730	320	45	,	,	PUNCT
cblr-1730	320	46	this	this	PRON
cblr-1730	320	47	does	do	AUX
cblr-1730	320	48	not	not	PART
cblr-1730	320	49	mean	mean	VERB
cblr-1730	320	50	the	the	DET
cblr-1730	320	51	problems	problem	NOUN
cblr-1730	320	52	of	of	ADP
cblr-1730	320	53	consumer	consumer	NOUN
cblr-1730	320	54	confusion	confusion	NOUN
cblr-1730	320	55	and	and	CCONJ
cblr-1730	320	56	investor	investor	NOUN
cblr-1730	320	57	harm	harm	NOUN
cblr-1730	320	58	can	can	AUX
cblr-1730	320	59	not	not	PART
cblr-1730	320	60	still	still	ADV
cblr-1730	320	61	exist	exist	VERB
cblr-1730	320	62	.	.	PUNCT
cblr-1730	321	1	nor	nor	CCONJ
cblr-1730	321	2	does	do	AUX
cblr-1730	321	3	it	it	PRON
cblr-1730	321	4	mean	mean	VERB
cblr-1730	321	5	online	online	ADJ
cblr-1730	321	6	platforms	platform	NOUN
cblr-1730	321	7	should	should	AUX
cblr-1730	321	8	inherently	inherently	ADV
cblr-1730	321	9	be	be	AUX
cblr-1730	321	10	subject	subject	ADJ
cblr-1730	321	11	to	to	ADP
cblr-1730	321	12	a	a	DET
cblr-1730	321	13	lower	low	ADJ
cblr-1730	321	14	level	level	NOUN
cblr-1730	321	15	of	of	ADP
cblr-1730	321	16	judicial	judicial	ADJ
cblr-1730	321	17	scrutiny	scrutiny	NOUN
cblr-1730	321	18	simply	simply	ADV
cblr-1730	321	19	because	because	SCONJ
cblr-1730	321	20	their	their	PRON
cblr-1730	321	21	investor	investor	NOUN
cblr-1730	321	22	agreements	agreement	NOUN
cblr-1730	321	23	state	state	NOUN
cblr-1730	321	24	they	they	PRON
cblr-1730	321	25	are	be	AUX
cblr-1730	321	26	not	not	PART
cblr-1730	321	27	providing	provide	VERB
cblr-1730	321	28	advice.92	advice.92	ADV
cblr-1730	321	29	for	for	ADP
cblr-1730	321	30	example	example	NOUN
cblr-1730	321	31	,	,	PUNCT
cblr-1730	321	32	despite	despite	SCONJ
cblr-1730	321	33	the	the	DET
cblr-1730	321	34	fact	fact	NOUN
cblr-1730	321	35	that	that	SCONJ
cblr-1730	321	36	the	the	DET
cblr-1730	321	37	suitability	suitability	NOUN
cblr-1730	321	38	rule	rule	NOUN
cblr-1730	321	39	never	never	ADV
cblr-1730	321	40	expressly	expressly	ADV
cblr-1730	321	41	states	state	VERB
cblr-1730	321	42	brokers	broker	NOUN
cblr-1730	321	43	’	'	PUNCT
cblr-1730	321	44	advice	advice	NOUN
cblr-1730	321	45	must	must	AUX
cblr-1730	321	46	be	be	AUX
cblr-1730	321	47	in	in	ADP
cblr-1730	321	48	their	their	PRON
cblr-1730	321	49	clients	client	NOUN
cblr-1730	321	50	’	'	PUNCT
cblr-1730	321	51	best	good	ADJ
cblr-1730	321	52	interests,93	interests,93	NOUN
cblr-1730	321	53	courts	court	NOUN
cblr-1730	321	54	have	have	AUX
cblr-1730	321	55	still	still	ADV
cblr-1730	321	56	consistently	consistently	ADV
cblr-1730	321	57	held	hold	VERB
cblr-1730	321	58	that	that	SCONJ
cblr-1730	321	59	it	it	PRON
cblr-1730	321	60	must.94	must.94	VERB
cblr-1730	321	61	however	however	ADV
cblr-1730	321	62	,	,	PUNCT
cblr-1730	321	63	there	there	PRON
cblr-1730	321	64	may	may	AUX
cblr-1730	321	65	be	be	AUX
cblr-1730	321	66	a	a	DET
cblr-1730	321	67	difference	difference	NOUN
cblr-1730	321	68	between	between	ADP
cblr-1730	321	69	omitted	omit	VERB
cblr-1730	321	70	terminology	terminology	NOUN
cblr-1730	321	71	and	and	CCONJ
cblr-1730	321	72	expressly	expressly	ADV
cblr-1730	321	73	disclaimed	disclaim	VERB
cblr-1730	321	74	terminology	terminology	NOUN
cblr-1730	321	75	.	.	PUNCT
cblr-1730	322	1	the	the	DET
cblr-1730	322	2	liability	liability	NOUN
cblr-1730	322	3	waivers	waiver	NOUN
cblr-1730	322	4	in	in	ADP
cblr-1730	322	5	question	question	NOUN
cblr-1730	322	6	explicitly	explicitly	ADV
cblr-1730	322	7	state	state	NOUN
cblr-1730	322	8	that	that	SCONJ
cblr-1730	322	9	the	the	DET
cblr-1730	322	10	online	online	ADJ
cblr-1730	322	11	platforms	platform	NOUN
cblr-1730	322	12	do	do	AUX
cblr-1730	322	13	not	not	PART
cblr-1730	322	14	provide	provide	VERB
cblr-1730	322	15	“	"	PUNCT
cblr-1730	322	16	advice	advice	NOUN
cblr-1730	322	17	”	"	PUNCT
cblr-1730	322	18	or	or	CCONJ
cblr-1730	322	19	“	"	PUNCT
cblr-1730	322	20	recommendations”95	recommendations”95	PROPN
cblr-1730	322	21	which	which	PRON
cblr-1730	322	22	is	be	AUX
cblr-1730	322	23	the	the	DET
cblr-1730	322	24	essential	essential	ADJ
cblr-1730	322	25	similarity	similarity	NOUN
cblr-1730	322	26	between	between	ADP
cblr-1730	322	27	brokers	broker	NOUN
cblr-1730	322	28	and	and	CCONJ
cblr-1730	322	29	advisers	adviser	NOUN
cblr-1730	322	30	.	.	PUNCT
cblr-1730	323	1	both	both	DET
cblr-1730	323	2	advisers	adviser	NOUN
cblr-1730	323	3	and	and	CCONJ
cblr-1730	323	4	brokers	broker	NOUN
cblr-1730	323	5	admittedly	admittedly	ADV
cblr-1730	323	6	can	can	AUX
cblr-1730	323	7	provide	provide	VERB
cblr-1730	323	8	investment	investment	NOUN
cblr-1730	323	9	advice	advice	NOUN
cblr-1730	323	10	,	,	PUNCT
cblr-1730	323	11	but	but	CCONJ
cblr-1730	323	12	on	on	ADP
cblr-1730	323	13	different	different	ADJ
cblr-1730	323	14	terms	term	NOUN
cblr-1730	323	15	.	.	PUNCT
cblr-1730	324	1	brokers	broker	NOUN
cblr-1730	324	2	are	be	AUX
cblr-1730	324	3	shielded	shield	VERB
cblr-1730	324	4	from	from	ADP
cblr-1730	324	5	liability	liability	NOUN
cblr-1730	324	6	for	for	ADP
cblr-1730	324	7	advice	advice	NOUN
cblr-1730	324	8	given	give	VERB
cblr-1730	324	9	to	to	ADP
cblr-1730	324	10	investors	investor	NOUN
cblr-1730	324	11	so	so	ADV
cblr-1730	324	12	long	long	ADV
cblr-1730	324	13	as	as	SCONJ
cblr-1730	324	14	they	they	PRON
cblr-1730	324	15	were	be	AUX
cblr-1730	324	16	not	not	PART
cblr-1730	324	17	“	"	PUNCT
cblr-1730	324	18	specially	specially	ADV
cblr-1730	324	19	compensated	compensate	VERB
cblr-1730	324	20	”	"	PUNCT
cblr-1730	324	21	for	for	ADP
cblr-1730	324	22	their	their	PRON
cblr-1730	324	23	advice	advice	NOUN
cblr-1730	324	24	and	and	CCONJ
cblr-1730	324	25	gave	give	VERB
cblr-1730	324	26	advice	advice	NOUN
cblr-1730	324	27	that	that	PRON
cblr-1730	324	28	was	be	AUX
cblr-1730	324	29	“	"	PUNCT
cblr-1730	324	30	solely	solely	ADV
cblr-1730	324	31	91	91	NUM
cblr-1730	324	32	see	see	NOUN
cblr-1730	324	33	brokerage	brokerage	NOUN
cblr-1730	324	34	account	account	NOUN
cblr-1730	324	35	agreement	agreement	NOUN
cblr-1730	324	36	,	,	PUNCT
cblr-1730	324	37	supra	supra	PROPN
cblr-1730	324	38	note	note	NOUN
cblr-1730	324	39	46	46	NUM
cblr-1730	324	40	,	,	PUNCT
cblr-1730	324	41	at	at	ADP
cblr-1730	324	42	2	2	NUM
cblr-1730	324	43	;	;	PUNCT
cblr-1730	324	44	scottrade	scottrade	NOUN
cblr-1730	324	45	website	website	NOUN
cblr-1730	324	46	terms	term	NOUN
cblr-1730	324	47	and	and	CCONJ
cblr-1730	324	48	conditions	condition	NOUN
cblr-1730	324	49	,	,	PUNCT
cblr-1730	324	50	supra	supra	ADJ
cblr-1730	324	51	note	note	NOUN
cblr-1730	324	52	60	60	NUM
cblr-1730	324	53	.	.	PUNCT
cblr-1730	325	1	92	92	NUM
cblr-1730	325	2	see	see	NOUN
cblr-1730	325	3	brokerage	brokerage	NOUN
cblr-1730	325	4	account	account	NOUN
cblr-1730	325	5	agreement	agreement	NOUN
cblr-1730	325	6	,	,	PUNCT
cblr-1730	325	7	supra	supra	PROPN
cblr-1730	325	8	note	note	NOUN
cblr-1730	325	9	46	46	NUM
cblr-1730	325	10	,	,	PUNCT
cblr-1730	325	11	at	at	ADP
cblr-1730	325	12	2	2	NUM
cblr-1730	325	13	.	.	X
cblr-1730	325	14	93	93	NUM
cblr-1730	325	15	see	see	VERB
cblr-1730	325	16	edwards	edwards	PROPN
cblr-1730	325	17	,	,	PUNCT
cblr-1730	325	18	supra	supra	PROPN
cblr-1730	325	19	note	note	NOUN
cblr-1730	325	20	2	2	NUM
cblr-1730	325	21	,	,	PUNCT
cblr-1730	325	22	at	at	ADP
cblr-1730	325	23	111	111	NUM
cblr-1730	325	24	.	.	PUNCT
cblr-1730	326	1	94	94	NUM
cblr-1730	326	2	see	see	VERB
cblr-1730	326	3	supra	supra	PROPN
cblr-1730	326	4	note	note	PROPN
cblr-1730	326	5	28	28	NUM
cblr-1730	326	6	and	and	CCONJ
cblr-1730	326	7	accompanying	accompany	VERB
cblr-1730	326	8	text	text	NOUN
cblr-1730	326	9	.	.	PUNCT
cblr-1730	327	1	95	95	NUM
cblr-1730	327	2	see	see	VERB
cblr-1730	327	3	brokerage	brokerage	NOUN
cblr-1730	327	4	account	account	NOUN
cblr-1730	327	5	agreement	agreement	NOUN
cblr-1730	327	6	,	,	PUNCT
cblr-1730	327	7	supra	supra	PROPN
cblr-1730	327	8	note	note	NOUN
cblr-1730	327	9	46	46	NUM
cblr-1730	327	10	,	,	PUNCT
cblr-1730	327	11	at	at	ADP
cblr-1730	327	12	2	2	NUM
cblr-1730	327	13	;	;	PUNCT
cblr-1730	327	14	scottrade	scottrade	NOUN
cblr-1730	327	15	website	website	NOUN
cblr-1730	327	16	terms	term	NOUN
cblr-1730	327	17	and	and	CCONJ
cblr-1730	327	18	conditions	condition	NOUN
cblr-1730	327	19	,	,	PUNCT
cblr-1730	327	20	supra	supra	ADJ
cblr-1730	327	21	note	note	NOUN
cblr-1730	327	22	60	60	NUM
cblr-1730	327	23	.	.	PUNCT
cblr-1730	328	1	smith	smith	PROPN
cblr-1730	328	2	–	–	PUNCT
cblr-1730	328	3	final	final	ADJ
cblr-1730	328	4	1224	1224	NUM
cblr-1730	328	5	columbia	columbia	PROPN
cblr-1730	328	6	business	business	NOUN
cblr-1730	328	7	law	law	PROPN
cblr-1730	328	8	review	review	NOUN
cblr-1730	329	1	[	[	X
cblr-1730	329	2	vol	vol	NOUN
cblr-1730	329	3	.	.	NOUN
cblr-1730	329	4	2017	2017	NUM
cblr-1730	329	5	incidental	incidental	NOUN
cblr-1730	329	6	”	"	PUNCT
cblr-1730	329	7	to	to	ADP
cblr-1730	329	8	a	a	DET
cblr-1730	329	9	broker	broker	NOUN
cblr-1730	329	10	’s	’s	PART
cblr-1730	329	11	business	business	NOUN
cblr-1730	329	12	of	of	ADP
cblr-1730	329	13	trade	trade	NOUN
cblr-1730	329	14	execution.96	execution.96	NOUN
cblr-1730	329	15	yet	yet	ADV
cblr-1730	329	16	despite	despite	SCONJ
cblr-1730	329	17	the	the	DET
cblr-1730	329	18	court	court	NOUN
cblr-1730	329	19	’s	’s	PART
cblr-1730	329	20	explicit	explicit	ADJ
cblr-1730	329	21	disclaimer	disclaimer	NOUN
cblr-1730	329	22	of	of	ADP
cblr-1730	329	23	broker	broker	NOUN
cblr-1730	329	24	liability	liability	NOUN
cblr-1730	329	25	,	,	PUNCT
cblr-1730	329	26	unless	unless	SCONJ
cblr-1730	329	27	there	there	PRON
cblr-1730	329	28	is	be	VERB
cblr-1730	329	29	a	a	DET
cblr-1730	329	30	finding	finding	NOUN
cblr-1730	329	31	of	of	ADP
cblr-1730	329	32	special	special	ADJ
cblr-1730	329	33	compensation	compensation	NOUN
cblr-1730	329	34	or	or	CCONJ
cblr-1730	329	35	advice	advice	NOUN
cblr-1730	329	36	not	not	PART
cblr-1730	329	37	solely	solely	ADV
cblr-1730	329	38	incidental	incidental	ADJ
cblr-1730	329	39	to	to	PART
cblr-1730	329	40	trade	trade	NOUN
cblr-1730	329	41	execution	execution	NOUN
cblr-1730	329	42	,	,	PUNCT
cblr-1730	329	43	brokers	broker	NOUN
cblr-1730	329	44	have	have	AUX
cblr-1730	329	45	been	be	AUX
cblr-1730	329	46	held	hold	VERB
cblr-1730	329	47	liable	liable	ADJ
cblr-1730	329	48	for	for	ADP
cblr-1730	329	49	breaches	breach	NOUN
cblr-1730	329	50	of	of	ADP
cblr-1730	329	51	fiduciary	fiduciary	ADJ
cblr-1730	329	52	and	and	CCONJ
cblr-1730	329	53	fiduciary	fiduciary	ADJ
cblr-1730	329	54	-	-	PUNCT
cblr-1730	329	55	esque	esque	ADJ
cblr-1730	329	56	duties	duty	NOUN
cblr-1730	329	57	for	for	ADP
cblr-1730	329	58	the	the	DET
cblr-1730	329	59	advice	advice	NOUN
cblr-1730	329	60	they	they	PRON
cblr-1730	329	61	have	have	AUX
cblr-1730	329	62	given	give	VERB
cblr-1730	329	63	under	under	ADP
cblr-1730	329	64	other	other	ADJ
cblr-1730	329	65	certain	certain	ADJ
cblr-1730	329	66	circumstances.97	circumstances.97	NOUN
cblr-1730	329	67	analogously	analogously	ADV
cblr-1730	329	68	,	,	PUNCT
cblr-1730	329	69	online	online	ADJ
cblr-1730	329	70	investor	investor	NOUN
cblr-1730	329	71	agreements	agreement	NOUN
cblr-1730	329	72	expressly	expressly	ADV
cblr-1730	329	73	disclaim	disclaim	VERB
cblr-1730	329	74	liability	liability	NOUN
cblr-1730	329	75	for	for	ADP
cblr-1730	329	76	the	the	DET
cblr-1730	329	77	information	information	NOUN
cblr-1730	329	78	they	they	PRON
cblr-1730	329	79	provide	provide	VERB
cblr-1730	329	80	since	since	SCONJ
cblr-1730	329	81	it	it	PRON
cblr-1730	329	82	is	be	AUX
cblr-1730	329	83	not	not	PART
cblr-1730	329	84	advice.98	advice.98	NOUN
cblr-1730	329	85	yet	yet	ADV
cblr-1730	329	86	these	these	DET
cblr-1730	329	87	agreements	agreement	NOUN
cblr-1730	329	88	should	should	AUX
cblr-1730	329	89	not	not	PART
cblr-1730	329	90	,	,	PUNCT
cblr-1730	329	91	on	on	ADP
cblr-1730	329	92	their	their	PRON
cblr-1730	329	93	own	own	ADJ
cblr-1730	329	94	,	,	PUNCT
cblr-1730	329	95	bar	bar	VERB
cblr-1730	329	96	the	the	DET
cblr-1730	329	97	application	application	NOUN
cblr-1730	329	98	of	of	ADP
cblr-1730	329	99	a	a	DET
cblr-1730	329	100	higher	high	ADJ
cblr-1730	329	101	standard	standard	NOUN
cblr-1730	329	102	of	of	ADP
cblr-1730	329	103	care	care	NOUN
cblr-1730	329	104	nor	nor	CCONJ
cblr-1730	329	105	waive	waive	VERB
cblr-1730	329	106	liability	liability	NOUN
cblr-1730	329	107	for	for	ADP
cblr-1730	329	108	any	any	DET
cblr-1730	329	109	potential	potential	ADJ
cblr-1730	329	110	advice	advice	NOUN
cblr-1730	329	111	or	or	CCONJ
cblr-1730	329	112	recommendations	recommendation	NOUN
cblr-1730	329	113	provided	provide	VERB
cblr-1730	329	114	.	.	PUNCT
cblr-1730	330	1	what	what	PRON
cblr-1730	330	2	should	should	AUX
cblr-1730	330	3	determine	determine	VERB
cblr-1730	330	4	the	the	DET
cblr-1730	330	5	applicable	applicable	ADJ
cblr-1730	330	6	judicial	judicial	ADJ
cblr-1730	330	7	standard	standard	NOUN
cblr-1730	330	8	of	of	ADP
cblr-1730	330	9	review	review	NOUN
cblr-1730	330	10	,	,	PUNCT
cblr-1730	330	11	is	be	AUX
cblr-1730	330	12	whether	whether	SCONJ
cblr-1730	330	13	similar	similar	ADJ
cblr-1730	330	14	circumstances	circumstance	NOUN
cblr-1730	330	15	exist	exist	VERB
cblr-1730	330	16	for	for	ADP
cblr-1730	330	17	online	online	ADJ
cblr-1730	330	18	platforms	platform	NOUN
cblr-1730	330	19	that	that	PRON
cblr-1730	330	20	previously	previously	ADV
cblr-1730	330	21	served	serve	VERB
cblr-1730	330	22	as	as	ADP
cblr-1730	330	23	a	a	DET
cblr-1730	330	24	judicial	judicial	ADJ
cblr-1730	330	25	basis	basis	NOUN
cblr-1730	330	26	for	for	ADP
cblr-1730	330	27	expanding	expand	VERB
cblr-1730	330	28	fiduciary	fiduciary	ADJ
cblr-1730	330	29	duties	duty	NOUN
cblr-1730	330	30	to	to	ADP
cblr-1730	330	31	brokers	broker	NOUN
cblr-1730	330	32	,	,	PUNCT
cblr-1730	330	33	such	such	ADJ
cblr-1730	330	34	as	as	ADP
cblr-1730	330	35	the	the	DET
cblr-1730	330	36	potential	potential	NOUN
cblr-1730	330	37	for	for	ADP
cblr-1730	330	38	de	de	X
cblr-1730	330	39	facto	facto	X
cblr-1730	330	40	control	control	NOUN
cblr-1730	330	41	under	under	ADP
cblr-1730	330	42	the	the	DET
cblr-1730	330	43	merrill	merrill	NOUN
cblr-1730	330	44	lynch	lynch	PROPN
cblr-1730	330	45	factors	factor	NOUN
cblr-1730	330	46	.	.	PUNCT
cblr-1730	331	1	since	since	SCONJ
cblr-1730	331	2	,	,	PUNCT
cblr-1730	331	3	as	as	SCONJ
cblr-1730	331	4	discussed	discuss	VERB
cblr-1730	331	5	above	above	ADV
cblr-1730	331	6	,	,	PUNCT
cblr-1730	331	7	many	many	ADJ
cblr-1730	331	8	of	of	ADP
cblr-1730	331	9	these	these	DET
cblr-1730	331	10	key	key	ADJ
cblr-1730	331	11	circumstances	circumstance	NOUN
cblr-1730	331	12	do	do	AUX
cblr-1730	331	13	exist	exist	VERB
cblr-1730	331	14	for	for	ADP
cblr-1730	331	15	both	both	PRON
cblr-1730	331	16	online	online	ADJ
cblr-1730	331	17	platforms	platform	NOUN
cblr-1730	331	18	and	and	CCONJ
cblr-1730	331	19	brokers	broker	NOUN
cblr-1730	331	20	,	,	PUNCT
cblr-1730	331	21	courts	court	NOUN
cblr-1730	331	22	should	should	AUX
cblr-1730	331	23	alleviate	alleviate	VERB
cblr-1730	331	24	the	the	DET
cblr-1730	331	25	problems	problem	NOUN
cblr-1730	331	26	posed	pose	VERB
cblr-1730	331	27	by	by	ADP
cblr-1730	331	28	the	the	DET
cblr-1730	331	29	current	current	ADJ
cblr-1730	331	30	contract	contract	NOUN
cblr-1730	331	31	-	-	PUNCT
cblr-1730	331	32	based	base	VERB
cblr-1730	331	33	system	system	NOUN
cblr-1730	331	34	by	by	ADP
cblr-1730	331	35	replacing	replace	VERB
cblr-1730	331	36	it	it	PRON
cblr-1730	331	37	with	with	ADP
cblr-1730	331	38	a	a	DET
cblr-1730	331	39	heightened	heighten	VERB
cblr-1730	331	40	standard	standard	NOUN
cblr-1730	331	41	of	of	ADP
cblr-1730	331	42	care	care	NOUN
cblr-1730	331	43	(	(	PUNCT
cblr-1730	331	44	e.g.	e.g.	ADV
cblr-1730	331	45	,	,	PUNCT
cblr-1730	331	46	fiduciary	fiduciary	ADJ
cblr-1730	331	47	or	or	CCONJ
cblr-1730	331	48	suitability	suitability	NOUN
cblr-1730	331	49	)	)	PUNCT
cblr-1730	331	50	.	.	PUNCT
cblr-1730	332	1	c.	c.	PROPN
cblr-1730	332	2	problems	problem	NOUN
cblr-1730	332	3	facing	face	VERB
cblr-1730	332	4	a	a	DET
cblr-1730	332	5	suitability	suitability	NOUN
cblr-1730	332	6	rule	rule	NOUN
cblr-1730	332	7	for	for	ADP
cblr-1730	332	8	online	online	ADJ
cblr-1730	332	9	platforms	platform	NOUN
cblr-1730	332	10	as	as	SCONJ
cblr-1730	332	11	discussed	discuss	VERB
cblr-1730	332	12	,	,	PUNCT
cblr-1730	332	13	it	it	PRON
cblr-1730	332	14	is	be	AUX
cblr-1730	332	15	possible	possible	ADJ
cblr-1730	332	16	that	that	SCONJ
cblr-1730	332	17	courts	court	NOUN
cblr-1730	332	18	could	could	AUX
cblr-1730	332	19	apply	apply	VERB
cblr-1730	332	20	the	the	DET
cblr-1730	332	21	suitability	suitability	NOUN
cblr-1730	332	22	rule	rule	NOUN
cblr-1730	332	23	to	to	ADP
cblr-1730	332	24	online	online	ADJ
cblr-1730	332	25	platforms	platform	NOUN
cblr-1730	332	26	as	as	ADP
cblr-1730	332	27	an	an	DET
cblr-1730	332	28	issue	issue	NOUN
cblr-1730	332	29	of	of	ADP
cblr-1730	332	30	first	first	ADJ
cblr-1730	332	31	impression	impression	NOUN
cblr-1730	332	32	in	in	ADP
cblr-1730	332	33	many	many	ADJ
cblr-1730	332	34	districts	district	NOUN
cblr-1730	332	35	.	.	PUNCT
cblr-1730	333	1	applying	apply	VERB
cblr-1730	333	2	a	a	DET
cblr-1730	333	3	suitability	suitability	NOUN
cblr-1730	333	4	rule	rule	NOUN
cblr-1730	333	5	to	to	ADP
cblr-1730	333	6	online	online	ADJ
cblr-1730	333	7	platforms	platform	NOUN
cblr-1730	333	8	would	would	AUX
cblr-1730	333	9	alleviate	alleviate	VERB
cblr-1730	333	10	some	some	PRON
cblr-1730	333	11	of	of	ADP
cblr-1730	333	12	the	the	DET
cblr-1730	333	13	problems	problem	NOUN
cblr-1730	333	14	of	of	ADP
cblr-1730	333	15	the	the	DET
cblr-1730	333	16	current	current	ADJ
cblr-1730	333	17	contract	contract	NOUN
cblr-1730	333	18	system	system	NOUN
cblr-1730	333	19	.	.	PUNCT
cblr-1730	334	1	decreasing	decrease	VERB
cblr-1730	334	2	the	the	DET
cblr-1730	334	3	levels	level	NOUN
cblr-1730	334	4	of	of	ADP
cblr-1730	334	5	investor	investor	NOUN
cblr-1730	334	6	protection	protection	NOUN
cblr-1730	334	7	from	from	ADP
cblr-1730	334	8	three	three	NUM
cblr-1730	334	9	to	to	PART
cblr-1730	334	10	two	two	NUM
cblr-1730	334	11	should	should	AUX
cblr-1730	334	12	decrease	decrease	VERB
cblr-1730	334	13	consumer	consumer	NOUN
cblr-1730	334	14	confusion	confusion	NOUN
cblr-1730	334	15	as	as	ADP
cblr-1730	334	16	to	to	ADP
cblr-1730	334	17	which	which	DET
cblr-1730	334	18	level	level	NOUN
cblr-1730	334	19	of	of	ADP
cblr-1730	334	20	protection	protection	NOUN
cblr-1730	334	21	they	they	PRON
cblr-1730	334	22	are	be	AUX
cblr-1730	334	23	receiving	receive	VERB
cblr-1730	334	24	.	.	PUNCT
cblr-1730	335	1	in	in	ADP
cblr-1730	335	2	addition	addition	NOUN
cblr-1730	335	3	,	,	PUNCT
cblr-1730	335	4	ensuring	ensure	VERB
cblr-1730	335	5	that	that	SCONJ
cblr-1730	335	6	the	the	DET
cblr-1730	335	7	securities	security	NOUN
cblr-1730	335	8	recommended	recommend	VERB
cblr-1730	335	9	are	be	AUX
cblr-1730	335	10	suitable	suitable	ADJ
cblr-1730	335	11	to	to	ADP
cblr-1730	335	12	the	the	DET
cblr-1730	335	13	investor	investor	NOUN
cblr-1730	335	14	should	should	AUX
cblr-1730	335	15	also	also	ADV
cblr-1730	335	16	reduce	reduce	VERB
cblr-1730	335	17	the	the	DET
cblr-1730	335	18	potential	potential	NOUN
cblr-1730	335	19	for	for	ADP
cblr-1730	335	20	harm	harm	NOUN
cblr-1730	335	21	to	to	ADP
cblr-1730	335	22	the	the	DET
cblr-1730	335	23	investor	investor	NOUN
cblr-1730	335	24	.	.	PUNCT
cblr-1730	336	1	96	96	NUM
cblr-1730	336	2	thomas	thomas	PROPN
cblr-1730	336	3	v.	v.	PROPN
cblr-1730	336	4	metro	metro	PROPN
cblr-1730	336	5	.	.	PUNCT
cblr-1730	337	1	life	life	NOUN
cblr-1730	337	2	ins	ins	PROPN
cblr-1730	337	3	.	.	PUNCT
cblr-1730	337	4	co.	co.	PROPN
cblr-1730	337	5	,	,	PUNCT
cblr-1730	337	6	631	631	NUM
cblr-1730	337	7	f.3d	f.3d	NUM
cblr-1730	337	8	1153	1153	NUM
cblr-1730	337	9	,	,	PUNCT
cblr-1730	337	10	1164	1164	NUM
cblr-1730	337	11	(	(	PUNCT
cblr-1730	337	12	10th	10th	ADJ
cblr-1730	337	13	cir	cir	NOUN
cblr-1730	337	14	.	.	PUNCT
cblr-1730	337	15	2011	2011	NUM
cblr-1730	337	16	)	)	PUNCT
cblr-1730	337	17	.	.	PUNCT
cblr-1730	338	1	wiener	wiener	NOUN
cblr-1730	338	2	v.	v.	ADP
cblr-1730	338	3	eaton	eaton	PROPN
cblr-1730	338	4	vance	vance	PROPN
cblr-1730	338	5	distribs	distribs	PROPN
cblr-1730	338	6	.	.	PUNCT
cblr-1730	338	7	,	,	PUNCT
cblr-1730	338	8	inc	inc	PROPN
cblr-1730	338	9	.	.	PROPN
cblr-1730	338	10	,	,	PUNCT
cblr-1730	338	11	2011	2011	NUM
cblr-1730	338	12	wl	wl	NOUN
cblr-1730	338	13	1233131	1233131	NUM
cblr-1730	338	14	,	,	PUNCT
cblr-1730	338	15	at	at	ADP
cblr-1730	338	16	*	*	NOUN
cblr-1730	338	17	2	2	NUM
cblr-1730	338	18	(	(	PUNCT
cblr-1730	338	19	d.	d.	PROPN
cblr-1730	338	20	mass	mass	PROPN
cblr-1730	338	21	.	.	PUNCT
cblr-1730	339	1	mar	mar	PROPN
cblr-1730	339	2	.	.	PROPN
cblr-1730	339	3	30	30	NUM
cblr-1730	339	4	,	,	PUNCT
cblr-1730	339	5	2011	2011	NUM
cblr-1730	339	6	)	)	PUNCT
cblr-1730	339	7	.	.	PUNCT
cblr-1730	340	1	see	see	VERB
cblr-1730	340	2	also	also	ADV
cblr-1730	340	3	edwards	edwards	PROPN
cblr-1730	340	4	,	,	PUNCT
cblr-1730	340	5	supra	supra	PROPN
cblr-1730	340	6	note	note	NOUN
cblr-1730	340	7	2	2	NUM
cblr-1730	340	8	,	,	PUNCT
cblr-1730	340	9	at	at	ADP
cblr-1730	340	10	113	113	NUM
cblr-1730	340	11	.	.	PUNCT
cblr-1730	341	1	97	97	NUM
cblr-1730	341	2	leib	leib	PROPN
cblr-1730	341	3	v.	v.	ADP
cblr-1730	341	4	merrill	merrill	PROPN
cblr-1730	341	5	lynch	lynch	PROPN
cblr-1730	341	6	,	,	PUNCT
cblr-1730	341	7	pierce	pierce	PROPN
cblr-1730	341	8	,	,	PUNCT
cblr-1730	341	9	fenner	fenner	PROPN
cblr-1730	341	10	&	&	CCONJ
cblr-1730	341	11	smith	smith	PROPN
cblr-1730	341	12	,	,	PUNCT
cblr-1730	341	13	inc	inc	PROPN
cblr-1730	341	14	.	.	PROPN
cblr-1730	341	15	,	,	PUNCT
cblr-1730	341	16	461	461	NUM
cblr-1730	341	17	f.	f.	PROPN
cblr-1730	341	18	supp	supp	PROPN
cblr-1730	341	19	.	.	PUNCT
cblr-1730	342	1	951	951	NUM
cblr-1730	342	2	,	,	PUNCT
cblr-1730	342	3	953	953	NUM
cblr-1730	342	4	(	(	PUNCT
cblr-1730	342	5	e.d	e.d	PROPN
cblr-1730	342	6	.	.	PROPN
cblr-1730	342	7	mich	mich	PROPN
cblr-1730	342	8	.	.	PROPN
cblr-1730	342	9	1978	1978	NUM
cblr-1730	342	10	)	)	PUNCT
cblr-1730	342	11	,	,	PUNCT
cblr-1730	342	12	aff’d	aff’d	VERB
cblr-1730	342	13	,	,	PUNCT
cblr-1730	342	14	647	647	NUM
cblr-1730	342	15	f.2d	f.2d	NOUN
cblr-1730	342	16	165	165	NUM
cblr-1730	342	17	(	(	PUNCT
cblr-1730	342	18	6th	6th	ADJ
cblr-1730	342	19	cir	cir	NOUN
cblr-1730	342	20	.	.	PUNCT
cblr-1730	342	21	1981	1981	NUM
cblr-1730	342	22	)	)	PUNCT
cblr-1730	342	23	.	.	PUNCT
cblr-1730	343	1	98	98	NUM
cblr-1730	343	2	see	see	VERB
cblr-1730	343	3	brokerage	brokerage	NOUN
cblr-1730	343	4	account	account	NOUN
cblr-1730	343	5	agreement	agreement	NOUN
cblr-1730	343	6	,	,	PUNCT
cblr-1730	343	7	supra	supra	PROPN
cblr-1730	343	8	note	note	NOUN
cblr-1730	343	9	46	46	NUM
cblr-1730	343	10	,	,	PUNCT
cblr-1730	343	11	at	at	ADP
cblr-1730	343	12	2	2	NUM
cblr-1730	343	13	.	.	PUNCT
cblr-1730	344	1	smith	smith	PROPN
cblr-1730	344	2	–	–	PUNCT
cblr-1730	344	3	final	final	ADJ
cblr-1730	344	4	no	no	NOUN
cblr-1730	344	5	.	.	PUNCT
cblr-1730	345	1	3:1200	3:1200	NUM
cblr-1730	345	2	]	]	X
cblr-1730	345	3	a	a	DET
cblr-1730	345	4	uniform	uniform	ADJ
cblr-1730	345	5	fiduciary	fiduciary	ADJ
cblr-1730	345	6	duty	duty	NOUN
cblr-1730	345	7	1225	1225	NUM
cblr-1730	345	8	moreover	moreover	ADV
cblr-1730	345	9	,	,	PUNCT
cblr-1730	345	10	suitability	suitability	NOUN
cblr-1730	345	11	provides	provide	VERB
cblr-1730	345	12	legal	legal	ADJ
cblr-1730	345	13	recourse	recourse	NOUN
cblr-1730	345	14	(	(	PUNCT
cblr-1730	345	15	regardless	regardless	ADV
cblr-1730	345	16	of	of	ADP
cblr-1730	345	17	any	any	DET
cblr-1730	345	18	mistaken	mistaken	ADJ
cblr-1730	345	19	beliefs	belief	NOUN
cblr-1730	345	20	)	)	PUNCT
cblr-1730	345	21	for	for	ADP
cblr-1730	345	22	the	the	DET
cblr-1730	345	23	investor	investor	NOUN
cblr-1730	345	24	.	.	PUNCT
cblr-1730	346	1	decreased	decrease	VERB
cblr-1730	346	2	confusion	confusion	NOUN
cblr-1730	346	3	and	and	CCONJ
cblr-1730	346	4	harm	harm	NOUN
cblr-1730	346	5	,	,	PUNCT
cblr-1730	346	6	in	in	ADP
cblr-1730	346	7	turn	turn	NOUN
cblr-1730	346	8	,	,	PUNCT
cblr-1730	346	9	generally	generally	ADV
cblr-1730	346	10	result	result	VERB
cblr-1730	346	11	in	in	ADP
cblr-1730	346	12	increased	increase	VERB
cblr-1730	346	13	efficiency	efficiency	NOUN
cblr-1730	346	14	.	.	PUNCT
cblr-1730	347	1	however	however	ADV
cblr-1730	347	2	,	,	PUNCT
cblr-1730	347	3	many	many	ADJ
cblr-1730	347	4	of	of	ADP
cblr-1730	347	5	the	the	DET
cblr-1730	347	6	same	same	ADJ
cblr-1730	347	7	problems	problem	NOUN
cblr-1730	347	8	will	will	AUX
cblr-1730	347	9	persist	persist	VERB
cblr-1730	347	10	if	if	SCONJ
cblr-1730	347	11	a	a	DET
cblr-1730	347	12	suitability	suitability	NOUN
cblr-1730	347	13	rule	rule	NOUN
cblr-1730	347	14	is	be	AUX
cblr-1730	347	15	applied	apply	VERB
cblr-1730	347	16	to	to	ADP
cblr-1730	347	17	online	online	ADJ
cblr-1730	347	18	platforms	platform	NOUN
cblr-1730	347	19	.	.	PUNCT
cblr-1730	348	1	two	two	NUM
cblr-1730	348	2	levels	level	NOUN
cblr-1730	348	3	of	of	ADP
cblr-1730	348	4	protection	protection	NOUN
cblr-1730	348	5	would	would	AUX
cblr-1730	348	6	remain	remain	VERB
cblr-1730	348	7	,	,	PUNCT
cblr-1730	348	8	namely	namely	ADV
cblr-1730	348	9	the	the	DET
cblr-1730	348	10	fiduciary	fiduciary	ADJ
cblr-1730	348	11	requirement	requirement	NOUN
cblr-1730	348	12	of	of	ADP
cblr-1730	348	13	best	good	ADJ
cblr-1730	348	14	interests	interest	NOUN
cblr-1730	348	15	of	of	ADP
cblr-1730	348	16	investors	investor	NOUN
cblr-1730	348	17	and	and	CCONJ
cblr-1730	348	18	the	the	DET
cblr-1730	348	19	less	less	ADV
cblr-1730	348	20	stringent	stringent	ADJ
cblr-1730	348	21	requirement	requirement	NOUN
cblr-1730	348	22	of	of	ADP
cblr-1730	348	23	suitability	suitability	NOUN
cblr-1730	348	24	to	to	ADP
cblr-1730	348	25	the	the	DET
cblr-1730	348	26	investors	investor	NOUN
cblr-1730	348	27	’	'	PUNCT
cblr-1730	348	28	needs	need	NOUN
cblr-1730	348	29	.	.	PUNCT
cblr-1730	349	1	moreover	moreover	ADV
cblr-1730	349	2	,	,	PUNCT
cblr-1730	349	3	since	since	SCONJ
cblr-1730	349	4	the	the	DET
cblr-1730	349	5	sec	sec	PROPN
cblr-1730	349	6	has	have	AUX
cblr-1730	349	7	consistently	consistently	ADV
cblr-1730	349	8	held	hold	VERB
cblr-1730	349	9	that	that	SCONJ
cblr-1730	349	10	suitability	suitability	NOUN
cblr-1730	349	11	means	mean	VERB
cblr-1730	349	12	in	in	ADP
cblr-1730	349	13	the	the	DET
cblr-1730	349	14	clients	client	NOUN
cblr-1730	349	15	’	'	PUNCT
cblr-1730	349	16	“	"	PUNCT
cblr-1730	349	17	best	good	ADJ
cblr-1730	349	18	interests,”99	interests,”99	NOUN
cblr-1730	349	19	confusion	confusion	NOUN
cblr-1730	349	20	persists	persist	VERB
cblr-1730	349	21	as	as	ADP
cblr-1730	349	22	to	to	ADP
cblr-1730	349	23	the	the	DET
cblr-1730	349	24	differences	difference	NOUN
cblr-1730	349	25	,	,	PUNCT
cblr-1730	349	26	if	if	SCONJ
cblr-1730	349	27	any	any	PRON
cblr-1730	349	28	,	,	PUNCT
cblr-1730	349	29	that	that	PRON
cblr-1730	349	30	remain	remain	VERB
cblr-1730	349	31	between	between	ADP
cblr-1730	349	32	the	the	DET
cblr-1730	349	33	two	two	NUM
cblr-1730	349	34	standards	standard	NOUN
cblr-1730	349	35	.	.	PUNCT
cblr-1730	350	1	scholars	scholar	NOUN
cblr-1730	350	2	on	on	ADP
cblr-1730	350	3	this	this	DET
cblr-1730	350	4	subject	subject	NOUN
cblr-1730	350	5	have	have	AUX
cblr-1730	350	6	made	make	VERB
cblr-1730	350	7	clear	clear	ADJ
cblr-1730	350	8	that	that	SCONJ
cblr-1730	350	9	investors	investor	NOUN
cblr-1730	350	10	struggle	struggle	VERB
cblr-1730	350	11	to	to	PART
cblr-1730	350	12	understand	understand	VERB
cblr-1730	350	13	the	the	DET
cblr-1730	350	14	differences	difference	NOUN
cblr-1730	350	15	between	between	ADP
cblr-1730	350	16	advisers	adviser	NOUN
cblr-1730	350	17	and	and	CCONJ
cblr-1730	350	18	brokers	broker	NOUN
cblr-1730	350	19	and	and	CCONJ
cblr-1730	350	20	the	the	DET
cblr-1730	350	21	two	two	NUM
cblr-1730	350	22	standards	standard	NOUN
cblr-1730	350	23	applicable	applicable	ADJ
cblr-1730	350	24	to	to	PART
cblr-1730	350	25	each.100	each.100	VERB
cblr-1730	350	26	hence	hence	ADV
cblr-1730	350	27	,	,	PUNCT
cblr-1730	350	28	although	although	SCONJ
cblr-1730	350	29	eliminating	eliminate	VERB
cblr-1730	350	30	the	the	DET
cblr-1730	350	31	contract	contract	NOUN
cblr-1730	350	32	-	-	PUNCT
cblr-1730	350	33	based	base	VERB
cblr-1730	350	34	approach	approach	NOUN
cblr-1730	350	35	may	may	AUX
cblr-1730	350	36	reduce	reduce	VERB
cblr-1730	350	37	some	some	DET
cblr-1730	350	38	consumer	consumer	NOUN
cblr-1730	350	39	confusion	confusion	NOUN
cblr-1730	350	40	,	,	PUNCT
cblr-1730	350	41	it	it	PRON
cblr-1730	350	42	is	be	AUX
cblr-1730	350	43	evident	evident	ADJ
cblr-1730	350	44	that	that	SCONJ
cblr-1730	350	45	much	much	ADJ
cblr-1730	350	46	confusion	confusion	NOUN
cblr-1730	350	47	will	will	AUX
cblr-1730	350	48	remain	remain	VERB
cblr-1730	350	49	so	so	ADV
cblr-1730	350	50	long	long	ADV
cblr-1730	350	51	as	as	ADP
cblr-1730	350	52	two	two	NUM
cblr-1730	350	53	standards	standard	NOUN
cblr-1730	350	54	of	of	ADP
cblr-1730	350	55	review	review	NOUN
cblr-1730	350	56	endure	endure	NOUN
cblr-1730	350	57	.	.	PUNCT
cblr-1730	351	1	investors	investor	NOUN
cblr-1730	351	2	will	will	AUX
cblr-1730	351	3	still	still	ADV
cblr-1730	351	4	face	face	VERB
cblr-1730	351	5	the	the	DET
cblr-1730	351	6	potential	potential	NOUN
cblr-1730	351	7	for	for	ADP
cblr-1730	351	8	abuse	abuse	NOUN
cblr-1730	351	9	under	under	ADP
cblr-1730	351	10	a	a	DET
cblr-1730	351	11	suitability	suitability	NOUN
cblr-1730	351	12	standard	standard	NOUN
cblr-1730	351	13	.	.	PUNCT
cblr-1730	352	1	although	although	SCONJ
cblr-1730	352	2	requiring	require	VERB
cblr-1730	352	3	securities	security	NOUN
cblr-1730	352	4	advice	advice	NOUN
cblr-1730	352	5	and	and	CCONJ
cblr-1730	352	6	recommendations	recommendation	NOUN
cblr-1730	352	7	to	to	PART
cblr-1730	352	8	be	be	AUX
cblr-1730	352	9	suitable	suitable	ADJ
cblr-1730	352	10	to	to	ADP
cblr-1730	352	11	the	the	DET
cblr-1730	352	12	investor	investor	NOUN
cblr-1730	352	13	will	will	AUX
cblr-1730	352	14	set	set	VERB
cblr-1730	352	15	a	a	DET
cblr-1730	352	16	higher	high	ADJ
cblr-1730	352	17	bar	bar	NOUN
cblr-1730	352	18	,	,	PUNCT
cblr-1730	352	19	this	this	PRON
cblr-1730	352	20	alone	alone	ADV
cblr-1730	352	21	will	will	AUX
cblr-1730	352	22	not	not	PART
cblr-1730	352	23	automatically	automatically	ADV
cblr-1730	352	24	rid	rid	VERB
cblr-1730	352	25	online	online	ADJ
cblr-1730	352	26	platforms	platform	NOUN
cblr-1730	352	27	of	of	ADP
cblr-1730	352	28	the	the	DET
cblr-1730	352	29	potential	potential	NOUN
cblr-1730	352	30	for	for	ADP
cblr-1730	352	31	investor	investor	NOUN
cblr-1730	352	32	harm	harm	NOUN
cblr-1730	352	33	.	.	PUNCT
cblr-1730	353	1	it	it	PRON
cblr-1730	353	2	is	be	AUX
cblr-1730	353	3	true	true	ADJ
cblr-1730	353	4	that	that	SCONJ
cblr-1730	353	5	the	the	DET
cblr-1730	353	6	sec	sec	PROPN
cblr-1730	353	7	has	have	AUX
cblr-1730	353	8	consistently	consistently	ADV
cblr-1730	353	9	held	hold	VERB
cblr-1730	353	10	the	the	DET
cblr-1730	353	11	suitability	suitability	NOUN
cblr-1730	353	12	rule	rule	NOUN
cblr-1730	353	13	to	to	PART
cblr-1730	353	14	require	require	VERB
cblr-1730	353	15	that	that	SCONJ
cblr-1730	353	16	recommendations	recommendation	NOUN
cblr-1730	353	17	be	be	VERB
cblr-1730	353	18	in	in	ADP
cblr-1730	353	19	the	the	DET
cblr-1730	353	20	investors	investor	NOUN
cblr-1730	353	21	’	'	PUNCT
cblr-1730	353	22	best	good	ADJ
cblr-1730	353	23	interests.101	interests.101	NOUN
cblr-1730	353	24	however	however	ADV
cblr-1730	353	25	,	,	PUNCT
cblr-1730	353	26	since	since	SCONJ
cblr-1730	353	27	the	the	DET
cblr-1730	353	28	language	language	NOUN
cblr-1730	353	29	of	of	ADP
cblr-1730	353	30	the	the	DET
cblr-1730	353	31	statute	statute	NOUN
cblr-1730	353	32	itself	itself	PRON
cblr-1730	353	33	makes	make	VERB
cblr-1730	353	34	no	no	DET
cblr-1730	353	35	such	such	ADJ
cblr-1730	353	36	requirement,102	requirement,102	ADP
cblr-1730	353	37	such	such	DET
cblr-1730	353	38	a	a	DET
cblr-1730	353	39	standard	standard	NOUN
cblr-1730	353	40	may	may	AUX
cblr-1730	353	41	not	not	PART
cblr-1730	353	42	consistently	consistently	ADV
cblr-1730	353	43	be	be	AUX
cblr-1730	353	44	applied	apply	VERB
cblr-1730	353	45	.	.	PUNCT
cblr-1730	354	1	online	online	ADJ
cblr-1730	354	2	platforms	platform	NOUN
cblr-1730	354	3	,	,	PUNCT
cblr-1730	354	4	depending	depend	VERB
cblr-1730	354	5	on	on	ADP
cblr-1730	354	6	the	the	DET
cblr-1730	354	7	jurisdictions	jurisdiction	NOUN
cblr-1730	354	8	in	in	ADP
cblr-1730	354	9	which	which	PRON
cblr-1730	354	10	they	they	PRON
cblr-1730	354	11	are	be	AUX
cblr-1730	354	12	legally	legally	ADV
cblr-1730	354	13	subject	subject	ADJ
cblr-1730	354	14	to	to	ADP
cblr-1730	354	15	suit	suit	NOUN
cblr-1730	354	16	,	,	PUNCT
cblr-1730	354	17	may	may	AUX
cblr-1730	354	18	be	be	AUX
cblr-1730	354	19	able	able	ADJ
cblr-1730	354	20	to	to	PART
cblr-1730	354	21	meet	meet	VERB
cblr-1730	354	22	the	the	DET
cblr-1730	354	23	requirements	requirement	NOUN
cblr-1730	354	24	of	of	ADP
cblr-1730	354	25	suitability	suitability	NOUN
cblr-1730	354	26	while	while	SCONJ
cblr-1730	354	27	still	still	ADV
cblr-1730	354	28	first	first	ADV
cblr-1730	354	29	satisfying	satisfy	VERB
cblr-1730	354	30	their	their	PRON
cblr-1730	354	31	own	own	ADJ
cblr-1730	354	32	interest	interest	NOUN
cblr-1730	354	33	.	.	PUNCT
cblr-1730	355	1	for	for	ADP
cblr-1730	355	2	example	example	NOUN
cblr-1730	355	3	,	,	PUNCT
cblr-1730	355	4	two	two	NUM
cblr-1730	355	5	securities	security	NOUN
cblr-1730	355	6	could	could	AUX
cblr-1730	355	7	be	be	AUX
cblr-1730	355	8	suitable	suitable	ADJ
cblr-1730	355	9	for	for	ADP
cblr-1730	355	10	an	an	DET
cblr-1730	355	11	investor	investor	NOUN
cblr-1730	355	12	but	but	CCONJ
cblr-1730	355	13	the	the	DET
cblr-1730	355	14	online	online	ADJ
cblr-1730	355	15	platform	platform	NOUN
cblr-1730	355	16	could	could	AUX
cblr-1730	355	17	place	place	VERB
cblr-1730	355	18	the	the	DET
cblr-1730	355	19	one	one	NOUN
cblr-1730	355	20	with	with	ADP
cblr-1730	355	21	a	a	DET
cblr-1730	355	22	higher	high	ADJ
cblr-1730	355	23	commission	commission	NOUN
cblr-1730	355	24	in	in	ADP
cblr-1730	355	25	a	a	DET
cblr-1730	355	26	more	more	ADV
cblr-1730	355	27	visible	visible	ADJ
cblr-1730	355	28	or	or	CCONJ
cblr-1730	355	29	‘	'	PUNCT
cblr-1730	355	30	recommendation	recommendation	NOUN
cblr-1730	355	31	-	-	PUNCT
cblr-1730	355	32	like	like	ADJ
cblr-1730	355	33	’	'	PUNCT
cblr-1730	355	34	area	area	NOUN
cblr-1730	355	35	of	of	ADP
cblr-1730	355	36	the	the	DET
cblr-1730	355	37	platform	platform	NOUN
cblr-1730	355	38	.	.	PUNCT
cblr-1730	356	1	99	99	NUM
cblr-1730	356	2	see	see	VERB
cblr-1730	356	3	supra	supra	PROPN
cblr-1730	356	4	note	note	PROPN
cblr-1730	356	5	28	28	NUM
cblr-1730	356	6	and	and	CCONJ
cblr-1730	356	7	accompanying	accompany	VERB
cblr-1730	356	8	text	text	NOUN
cblr-1730	356	9	.	.	PUNCT
cblr-1730	357	1	100	100	NUM
cblr-1730	357	2	see	see	VERB
cblr-1730	357	3	varnavides	varnavide	NOUN
cblr-1730	357	4	,	,	PUNCT
cblr-1730	357	5	supra	supra	PROPN
cblr-1730	357	6	note	note	NOUN
cblr-1730	357	7	6	6	NUM
cblr-1730	357	8	,	,	PUNCT
cblr-1730	357	9	at	at	ADP
cblr-1730	357	10	215	215	NUM
cblr-1730	357	11	;	;	PUNCT
cblr-1730	357	12	see	see	VERB
cblr-1730	357	13	also	also	ADV
cblr-1730	357	14	sec	sec	PROPN
cblr-1730	357	15	study	study	NOUN
cblr-1730	357	16	,	,	PUNCT
cblr-1730	357	17	supra	supra	PROPN
cblr-1730	357	18	note	note	PROPN
cblr-1730	357	19	6	6	NUM
cblr-1730	357	20	,	,	PUNCT
cblr-1730	357	21	at	at	ADP
cblr-1730	357	22	94	94	NUM
cblr-1730	357	23	.	.	PUNCT
cblr-1730	358	1	101	101	NUM
cblr-1730	358	2	see	see	VERB
cblr-1730	358	3	supra	supra	PROPN
cblr-1730	358	4	note	note	PROPN
cblr-1730	358	5	28	28	NUM
cblr-1730	358	6	and	and	CCONJ
cblr-1730	358	7	accompanying	accompany	VERB
cblr-1730	358	8	text	text	NOUN
cblr-1730	358	9	.	.	PUNCT
cblr-1730	359	1	102	102	NUM
cblr-1730	359	2	see	see	VERB
cblr-1730	359	3	edwards	edwards	PROPN
cblr-1730	359	4	,	,	PUNCT
cblr-1730	359	5	supra	supra	PROPN
cblr-1730	359	6	note	note	NOUN
cblr-1730	359	7	2	2	NUM
cblr-1730	359	8	,	,	PUNCT
cblr-1730	359	9	at	at	ADP
cblr-1730	359	10	111	111	NUM
cblr-1730	359	11	.	.	PUNCT
cblr-1730	360	1	smith	smith	PROPN
cblr-1730	360	2	–	–	PUNCT
cblr-1730	360	3	final	final	ADJ
cblr-1730	360	4	1226	1226	NUM
cblr-1730	360	5	columbia	columbia	PROPN
cblr-1730	360	6	business	business	NOUN
cblr-1730	360	7	law	law	PROPN
cblr-1730	360	8	review	review	NOUN
cblr-1730	360	9	[	[	X
cblr-1730	360	10	vol	vol	NOUN
cblr-1730	360	11	.	.	NOUN
cblr-1730	360	12	2017	2017	NUM
cblr-1730	360	13	as	as	ADP
cblr-1730	360	14	with	with	ADP
cblr-1730	360	15	the	the	DET
cblr-1730	360	16	current	current	ADJ
cblr-1730	360	17	contract	contract	NOUN
cblr-1730	360	18	-	-	PUNCT
cblr-1730	360	19	based	base	VERB
cblr-1730	360	20	system	system	NOUN
cblr-1730	360	21	,	,	PUNCT
cblr-1730	360	22	there	there	PRON
cblr-1730	360	23	also	also	ADV
cblr-1730	360	24	remains	remain	VERB
cblr-1730	360	25	the	the	DET
cblr-1730	360	26	potential	potential	NOUN
cblr-1730	360	27	for	for	ADP
cblr-1730	360	28	de	de	X
cblr-1730	360	29	facto	facto	X
cblr-1730	360	30	control	control	NOUN
cblr-1730	360	31	under	under	ADP
cblr-1730	360	32	a	a	DET
cblr-1730	360	33	suitability	suitability	NOUN
cblr-1730	360	34	standard	standard	NOUN
cblr-1730	360	35	.	.	PUNCT
cblr-1730	361	1	this	this	PRON
cblr-1730	361	2	supports	support	VERB
cblr-1730	361	3	the	the	DET
cblr-1730	361	4	application	application	NOUN
cblr-1730	361	5	of	of	ADP
cblr-1730	361	6	a	a	DET
cblr-1730	361	7	higher	high	ADJ
cblr-1730	361	8	fiduciary	fiduciary	ADJ
cblr-1730	361	9	standard	standard	NOUN
cblr-1730	361	10	.	.	PUNCT
cblr-1730	362	1	if	if	SCONJ
cblr-1730	362	2	many	many	ADJ
cblr-1730	362	3	securities	security	NOUN
cblr-1730	362	4	are	be	AUX
cblr-1730	362	5	suitable	suitable	ADJ
cblr-1730	362	6	for	for	ADP
cblr-1730	362	7	an	an	DET
cblr-1730	362	8	investor	investor	NOUN
cblr-1730	362	9	then	then	ADV
cblr-1730	362	10	,	,	PUNCT
cblr-1730	362	11	as	as	SCONJ
cblr-1730	362	12	evidenced	evidence	VERB
cblr-1730	362	13	in	in	ADP
cblr-1730	362	14	the	the	DET
cblr-1730	362	15	example	example	NOUN
cblr-1730	362	16	in	in	ADP
cblr-1730	362	17	the	the	DET
cblr-1730	362	18	preceding	precede	VERB
cblr-1730	362	19	paragraph	paragraph	NOUN
cblr-1730	362	20	,	,	PUNCT
cblr-1730	362	21	brokerage	brokerage	NOUN
cblr-1730	362	22	firms	firm	NOUN
cblr-1730	362	23	may	may	AUX
cblr-1730	362	24	organize	organize	VERB
cblr-1730	362	25	their	their	PRON
cblr-1730	362	26	platforms	platform	NOUN
cblr-1730	362	27	to	to	PART
cblr-1730	362	28	present	present	VERB
cblr-1730	362	29	most	most	ADV
cblr-1730	362	30	prominently	prominently	ADV
cblr-1730	362	31	the	the	DET
cblr-1730	362	32	suitable	suitable	ADJ
cblr-1730	362	33	securities	security	NOUN
cblr-1730	362	34	that	that	PRON
cblr-1730	362	35	best	well	ADV
cblr-1730	362	36	advance	advance	VERB
cblr-1730	362	37	their	their	PRON
cblr-1730	362	38	own	own	ADJ
cblr-1730	362	39	financial	financial	ADJ
cblr-1730	362	40	gains	gain	NOUN
cblr-1730	362	41	rather	rather	ADV
cblr-1730	362	42	than	than	ADP
cblr-1730	362	43	those	those	PRON
cblr-1730	362	44	of	of	ADP
cblr-1730	362	45	investors	investor	NOUN
cblr-1730	362	46	.	.	PUNCT
cblr-1730	363	1	again	again	ADV
cblr-1730	363	2	,	,	PUNCT
cblr-1730	363	3	the	the	DET
cblr-1730	363	4	choice	choice	NOUN
cblr-1730	363	5	in	in	ADP
cblr-1730	363	6	platform	platform	NOUN
cblr-1730	363	7	arrangement	arrangement	NOUN
cblr-1730	363	8	is	be	AUX
cblr-1730	363	9	similar	similar	ADJ
cblr-1730	363	10	to	to	ADP
cblr-1730	363	11	how	how	SCONJ
cblr-1730	363	12	brokers	broker	NOUN
cblr-1730	363	13	select	select	VERB
cblr-1730	363	14	which	which	DET
cblr-1730	363	15	securities	security	NOUN
cblr-1730	363	16	to	to	PART
cblr-1730	363	17	recommend	recommend	VERB
cblr-1730	363	18	.	.	PUNCT
cblr-1730	364	1	further	far	ADV
cblr-1730	364	2	,	,	PUNCT
cblr-1730	364	3	online	online	ADJ
cblr-1730	364	4	platforms	platform	NOUN
cblr-1730	364	5	store	store	VERB
cblr-1730	364	6	key	key	ADJ
cblr-1730	364	7	information	information	NOUN
cblr-1730	364	8	about	about	ADP
cblr-1730	364	9	the	the	DET
cblr-1730	364	10	investor	investor	NOUN
cblr-1730	364	11	’s	’s	PART
cblr-1730	364	12	education	education	NOUN
cblr-1730	364	13	,	,	PUNCT
cblr-1730	364	14	age	age	NOUN
cblr-1730	364	15	,	,	PUNCT
cblr-1730	364	16	and	and	CCONJ
cblr-1730	364	17	investment	investment	NOUN
cblr-1730	364	18	experience	experience	NOUN
cblr-1730	364	19	.	.	PUNCT
cblr-1730	365	1	the	the	DET
cblr-1730	365	2	level	level	NOUN
cblr-1730	365	3	of	of	ADP
cblr-1730	365	4	contact	contact	NOUN
cblr-1730	365	5	and	and	CCONJ
cblr-1730	365	6	involvement	involvement	NOUN
cblr-1730	365	7	between	between	ADP
cblr-1730	365	8	the	the	DET
cblr-1730	365	9	investor	investor	NOUN
cblr-1730	365	10	and	and	CCONJ
cblr-1730	365	11	the	the	DET
cblr-1730	365	12	broker	broker	NOUN
cblr-1730	365	13	-	-	PUNCT
cblr-1730	365	14	dealer	dealer	NOUN
cblr-1730	365	15	will	will	AUX
cblr-1730	365	16	depend	depend	VERB
cblr-1730	365	17	on	on	ADP
cblr-1730	365	18	the	the	DET
cblr-1730	365	19	set	set	NOUN
cblr-1730	365	20	-	-	PUNCT
cblr-1730	365	21	up	up	NOUN
cblr-1730	365	22	and	and	CCONJ
cblr-1730	365	23	interactivity	interactivity	NOUN
cblr-1730	365	24	of	of	ADP
cblr-1730	365	25	the	the	DET
cblr-1730	365	26	online	online	ADJ
cblr-1730	365	27	platform	platform	NOUN
cblr-1730	365	28	.	.	PUNCT
cblr-1730	366	1	thus	thus	ADV
cblr-1730	366	2	,	,	PUNCT
cblr-1730	366	3	depending	depend	VERB
cblr-1730	366	4	on	on	ADP
cblr-1730	366	5	the	the	DET
cblr-1730	366	6	case	case	NOUN
cblr-1730	366	7	-	-	PUNCT
cblr-1730	366	8	by	by	ADP
cblr-1730	366	9	-	-	PUNCT
cblr-1730	366	10	case	case	NOUN
cblr-1730	366	11	application	application	NOUN
cblr-1730	366	12	of	of	ADP
cblr-1730	366	13	the	the	DET
cblr-1730	366	14	leib	leib	PROPN
cblr-1730	366	15	v.	v.	ADP
cblr-1730	366	16	merrill	merrill	PROPN
cblr-1730	366	17	lynch	lynch	PROPN
cblr-1730	366	18	factors	factor	NOUN
cblr-1730	366	19	,	,	PUNCT
cblr-1730	366	20	a	a	DET
cblr-1730	366	21	court	court	NOUN
cblr-1730	366	22	could	could	AUX
cblr-1730	366	23	reasonably	reasonably	ADV
cblr-1730	366	24	find	find	VERB
cblr-1730	366	25	instances	instance	NOUN
cblr-1730	366	26	of	of	ADP
cblr-1730	366	27	de	de	X
cblr-1730	366	28	facto	facto	X
cblr-1730	366	29	control	control	NOUN
cblr-1730	366	30	under	under	ADP
cblr-1730	366	31	a	a	DET
cblr-1730	366	32	suitability	suitability	NOUN
cblr-1730	366	33	standard	standard	NOUN
cblr-1730	366	34	.	.	PUNCT
cblr-1730	367	1	in	in	ADP
cblr-1730	367	2	the	the	DET
cblr-1730	367	3	example	example	NOUN
cblr-1730	367	4	provided	provide	VERB
cblr-1730	367	5	in	in	ADP
cblr-1730	367	6	this	this	DET
cblr-1730	367	7	section	section	NOUN
cblr-1730	367	8	,	,	PUNCT
cblr-1730	367	9	de	de	X
cblr-1730	367	10	facto	facto	X
cblr-1730	367	11	control	control	NOUN
cblr-1730	367	12	is	be	AUX
cblr-1730	367	13	tied	tie	VERB
cblr-1730	367	14	to	to	ADP
cblr-1730	367	15	potential	potential	ADJ
cblr-1730	367	16	investor	investor	NOUN
cblr-1730	367	17	abuse	abuse	NOUN
cblr-1730	367	18	(	(	PUNCT
cblr-1730	367	19	i.e.	i.e.	X
cblr-1730	367	20	,	,	PUNCT
cblr-1730	367	21	unnecessarily	unnecessarily	ADV
cblr-1730	367	22	paying	pay	VERB
cblr-1730	367	23	higher	high	ADJ
cblr-1730	367	24	commissions	commission	NOUN
cblr-1730	367	25	)	)	PUNCT
cblr-1730	367	26	.	.	PUNCT
cblr-1730	368	1	finally	finally	ADV
cblr-1730	368	2	,	,	PUNCT
cblr-1730	368	3	if	if	SCONJ
cblr-1730	368	4	confusion	confusion	NOUN
cblr-1730	368	5	and	and	CCONJ
cblr-1730	368	6	potential	potential	ADJ
cblr-1730	368	7	investor	investor	NOUN
cblr-1730	368	8	harm	harm	NOUN
cblr-1730	368	9	still	still	ADV
cblr-1730	368	10	exist	exist	VERB
cblr-1730	368	11	,	,	PUNCT
cblr-1730	368	12	resource	resource	NOUN
cblr-1730	368	13	allocation	allocation	NOUN
cblr-1730	368	14	will	will	AUX
cblr-1730	368	15	not	not	PART
cblr-1730	368	16	be	be	AUX
cblr-1730	368	17	at	at	ADP
cblr-1730	368	18	its	its	PRON
cblr-1730	368	19	most	most	ADV
cblr-1730	368	20	efficient	efficient	ADJ
cblr-1730	368	21	.	.	PUNCT
cblr-1730	369	1	thus	thus	ADV
cblr-1730	369	2	,	,	PUNCT
cblr-1730	369	3	there	there	PRON
cblr-1730	369	4	remains	remain	VERB
cblr-1730	369	5	a	a	DET
cblr-1730	369	6	potential	potential	ADJ
cblr-1730	369	7	need	need	NOUN
cblr-1730	369	8	for	for	ADP
cblr-1730	369	9	a	a	DET
cblr-1730	369	10	unified	unified	ADJ
cblr-1730	369	11	fiduciary	fiduciary	ADJ
cblr-1730	369	12	standard	standard	NOUN
cblr-1730	369	13	to	to	PART
cblr-1730	369	14	resolve	resolve	VERB
cblr-1730	369	15	these	these	DET
cblr-1730	369	16	remaining	remain	VERB
cblr-1730	369	17	issues	issue	NOUN
cblr-1730	369	18	.	.	PUNCT
cblr-1730	370	1	d.	d.	PROPN
cblr-1730	370	2	problems	problem	NOUN
cblr-1730	370	3	facing	face	VERB
cblr-1730	370	4	a	a	DET
cblr-1730	370	5	unified	unified	ADJ
cblr-1730	370	6	fiduciary	fiduciary	ADJ
cblr-1730	370	7	standard	standard	NOUN
cblr-1730	370	8	as	as	SCONJ
cblr-1730	370	9	discussed	discuss	VERB
cblr-1730	370	10	,	,	PUNCT
cblr-1730	370	11	advisers	adviser	NOUN
cblr-1730	370	12	are	be	AUX
cblr-1730	370	13	under	under	ADP
cblr-1730	370	14	a	a	DET
cblr-1730	370	15	fiduciary	fiduciary	ADJ
cblr-1730	370	16	obligation	obligation	NOUN
cblr-1730	370	17	to	to	PART
cblr-1730	370	18	serve	serve	VERB
cblr-1730	370	19	the	the	DET
cblr-1730	370	20	best	good	ADJ
cblr-1730	370	21	interests	interest	NOUN
cblr-1730	370	22	of	of	ADP
cblr-1730	370	23	their	their	PRON
cblr-1730	370	24	client.103	client.103	NOUN
cblr-1730	370	25	the	the	DET
cblr-1730	370	26	law	law	NOUN
cblr-1730	370	27	,	,	PUNCT
cblr-1730	370	28	in	in	ADP
cblr-1730	370	29	many	many	ADJ
cblr-1730	370	30	instances	instance	NOUN
cblr-1730	370	31	,	,	PUNCT
cblr-1730	370	32	requires	require	VERB
cblr-1730	370	33	brokers	broker	NOUN
cblr-1730	370	34	to	to	PART
cblr-1730	370	35	recommend	recommend	VERB
cblr-1730	370	36	securities	security	NOUN
cblr-1730	370	37	that	that	PRON
cblr-1730	370	38	are	be	AUX
cblr-1730	370	39	in	in	ADP
cblr-1730	370	40	their	their	PRON
cblr-1730	370	41	clients	client	NOUN
cblr-1730	370	42	’	'	PUNCT
cblr-1730	370	43	best	good	ADJ
cblr-1730	370	44	interests,104	interests,104	ADV
cblr-1730	371	1	and	and	CCONJ
cblr-1730	371	2	in	in	ADP
cblr-1730	371	3	all	all	DET
cblr-1730	371	4	others	other	NOUN
cblr-1730	371	5	,	,	PUNCT
cblr-1730	371	6	for	for	SCONJ
cblr-1730	371	7	the	the	DET
cblr-1730	371	8	recommendation	recommendation	NOUN
cblr-1730	371	9	to	to	PART
cblr-1730	371	10	be	be	AUX
cblr-1730	371	11	suitable	suitable	ADJ
cblr-1730	371	12	to	to	ADP
cblr-1730	371	13	their	their	PRON
cblr-1730	371	14	clients	client	NOUN
cblr-1730	371	15	’	'	PUNCT
cblr-1730	371	16	needs.105	needs.105	ADJ
cblr-1730	371	17	online	online	NOUN
cblr-1730	371	18	platforms	platform	NOUN
cblr-1730	371	19	have	have	AUX
cblr-1730	371	20	thus	thus	ADV
cblr-1730	371	21	far	far	ADV
cblr-1730	371	22	never	never	ADV
cblr-1730	371	23	been	be	AUX
cblr-1730	371	24	subject	subject	ADJ
cblr-1730	371	25	to	to	ADP
cblr-1730	371	26	either	either	DET
cblr-1730	371	27	standard	standard	NOUN
cblr-1730	371	28	of	of	ADP
cblr-1730	371	29	care	care	NOUN
cblr-1730	371	30	but	but	CCONJ
cblr-1730	371	31	,	,	PUNCT
cblr-1730	371	32	rather	rather	ADV
cblr-1730	371	33	,	,	PUNCT
cblr-1730	371	34	the	the	DET
cblr-1730	371	35	court	court	NOUN
cblr-1730	371	36	in	in	ADP
cblr-1730	371	37	scottrade	scottrade	NOUN
cblr-1730	371	38	held	hold	VERB
cblr-1730	371	39	that	that	SCONJ
cblr-1730	371	40	a	a	DET
cblr-1730	371	41	brokerdealer	brokerdealer	NOUN
cblr-1730	371	42	for	for	ADP
cblr-1730	371	43	a	a	DET
cblr-1730	371	44	nondiscretionary	nondiscretionary	ADJ
cblr-1730	371	45	online	online	ADJ
cblr-1730	371	46	account	account	NOUN
cblr-1730	371	47	has	have	VERB
cblr-1730	371	48	no	no	DET
cblr-1730	371	49	fiduciary	fiduciary	ADJ
cblr-1730	371	50	103	103	NUM
cblr-1730	371	51	sec	sec	PROPN
cblr-1730	371	52	study	study	NOUN
cblr-1730	371	53	,	,	PUNCT
cblr-1730	371	54	supra	supra	PROPN
cblr-1730	371	55	note	note	PROPN
cblr-1730	371	56	6	6	NUM
cblr-1730	371	57	,	,	PUNCT
cblr-1730	371	58	at	at	ADP
cblr-1730	371	59	22	22	NUM
cblr-1730	371	60	;	;	PUNCT
cblr-1730	371	61	see	see	VERB
cblr-1730	371	62	also	also	ADV
cblr-1730	371	63	sec	sec	PROPN
cblr-1730	371	64	v.	v.	CCONJ
cblr-1730	371	65	capital	capital	PROPN
cblr-1730	371	66	gains	gain	NOUN
cblr-1730	371	67	research	research	PROPN
cblr-1730	371	68	bureau	bureau	PROPN
cblr-1730	371	69	,	,	PUNCT
cblr-1730	371	70	inc	inc	PROPN
cblr-1730	371	71	.	.	PROPN
cblr-1730	371	72	,	,	PUNCT
cblr-1730	371	73	375	375	NUM
cblr-1730	371	74	u.s	u.s	PROPN
cblr-1730	371	75	.	.	PROPN
cblr-1730	371	76	180	180	NUM
cblr-1730	371	77	,	,	PUNCT
cblr-1730	371	78	194	194	NUM
cblr-1730	371	79	;	;	PUNCT
cblr-1730	371	80	edwards	edwards	PROPN
cblr-1730	371	81	,	,	PUNCT
cblr-1730	371	82	supra	supra	PROPN
cblr-1730	371	83	note	note	NOUN
cblr-1730	371	84	2	2	NUM
cblr-1730	371	85	,	,	PUNCT
cblr-1730	371	86	at	at	ADP
cblr-1730	371	87	106	106	NUM
cblr-1730	371	88	.	.	PUNCT
cblr-1730	372	1	104	104	NUM
cblr-1730	372	2	see	see	VERB
cblr-1730	372	3	supra	supra	PROPN
cblr-1730	372	4	note	note	PROPN
cblr-1730	372	5	28	28	NUM
cblr-1730	372	6	and	and	CCONJ
cblr-1730	372	7	accompanying	accompany	VERB
cblr-1730	372	8	text	text	NOUN
cblr-1730	372	9	.	.	PUNCT
cblr-1730	373	1	105	105	NUM
cblr-1730	373	2	see	see	VERB
cblr-1730	373	3	lazaro	lazaro	NOUN
cblr-1730	373	4	,	,	PUNCT
cblr-1730	373	5	supra	supra	PROPN
cblr-1730	373	6	note	note	NOUN
cblr-1730	373	7	17	17	NUM
cblr-1730	373	8	,	,	PUNCT
cblr-1730	373	9	at	at	ADP
cblr-1730	373	10	382	382	NUM
cblr-1730	373	11	.	.	PUNCT
cblr-1730	374	1	smith	smith	PROPN
cblr-1730	374	2	–	–	PUNCT
cblr-1730	374	3	final	final	ADJ
cblr-1730	374	4	no	no	NOUN
cblr-1730	374	5	.	.	PUNCT
cblr-1730	375	1	3:1200	3:1200	NUM
cblr-1730	375	2	]	]	X
cblr-1730	375	3	a	a	DET
cblr-1730	375	4	uniform	uniform	ADJ
cblr-1730	375	5	fiduciary	fiduciary	ADJ
cblr-1730	375	6	duty	duty	NOUN
cblr-1730	375	7	1227	1227	NUM
cblr-1730	375	8	duty	duty	NOUN
cblr-1730	375	9	and	and	CCONJ
cblr-1730	375	10	that	that	SCONJ
cblr-1730	375	11	,	,	PUNCT
cblr-1730	375	12	even	even	ADV
cblr-1730	375	13	if	if	SCONJ
cblr-1730	375	14	fiduciary	fiduciary	ADJ
cblr-1730	375	15	duties	duty	NOUN
cblr-1730	375	16	did	do	AUX
cblr-1730	375	17	exist	exist	VERB
cblr-1730	375	18	in	in	ADP
cblr-1730	375	19	such	such	ADJ
cblr-1730	375	20	context	context	NOUN
cblr-1730	375	21	,	,	PUNCT
cblr-1730	375	22	they	they	PRON
cblr-1730	375	23	could	could	AUX
cblr-1730	375	24	be	be	AUX
cblr-1730	375	25	modified	modify	VERB
cblr-1730	375	26	by	by	ADP
cblr-1730	375	27	contract	contract	NOUN
cblr-1730	375	28	(	(	PUNCT
cblr-1730	375	29	i.e.	i.e.	X
cblr-1730	375	30	,	,	PUNCT
cblr-1730	375	31	investor	investor	NOUN
cblr-1730	376	1	agreements).106	agreements).106	ADV
cblr-1730	376	2	yet	yet	CCONJ
cblr-1730	376	3	these	these	DET
cblr-1730	376	4	varying	vary	VERB
cblr-1730	376	5	outlets	outlet	NOUN
cblr-1730	376	6	for	for	ADP
cblr-1730	376	7	investors	investor	NOUN
cblr-1730	376	8	often	often	ADV
cblr-1730	376	9	share	share	VERB
cblr-1730	376	10	similarities	similarity	NOUN
cblr-1730	376	11	in	in	ADP
cblr-1730	376	12	the	the	DET
cblr-1730	376	13	services	service	NOUN
cblr-1730	376	14	that	that	PRON
cblr-1730	376	15	they	they	PRON
cblr-1730	376	16	provide	provide	VERB
cblr-1730	376	17	and	and	CCONJ
cblr-1730	376	18	in	in	ADP
cblr-1730	376	19	their	their	PRON
cblr-1730	376	20	compensation	compensation	NOUN
cblr-1730	376	21	structures	structure	NOUN
cblr-1730	376	22	.	.	PUNCT
cblr-1730	377	1	to	to	PART
cblr-1730	377	2	summarize	summarize	VERB
cblr-1730	377	3	the	the	DET
cblr-1730	377	4	preceding	precede	VERB
cblr-1730	377	5	discussion	discussion	NOUN
cblr-1730	377	6	,	,	PUNCT
cblr-1730	377	7	brokers	broker	NOUN
cblr-1730	377	8	and	and	CCONJ
cblr-1730	377	9	advisers	adviser	NOUN
cblr-1730	377	10	both	both	PRON
cblr-1730	377	11	provide	provide	VERB
cblr-1730	377	12	advice	advice	NOUN
cblr-1730	377	13	and	and	CCONJ
cblr-1730	377	14	recommendations	recommendation	NOUN
cblr-1730	377	15	regarding	regard	VERB
cblr-1730	377	16	securities	security	NOUN
cblr-1730	377	17	.	.	PUNCT
cblr-1730	378	1	the	the	DET
cblr-1730	378	2	main	main	ADJ
cblr-1730	378	3	difference	difference	NOUN
cblr-1730	378	4	is	be	AUX
cblr-1730	378	5	,	,	PUNCT
cblr-1730	378	6	of	of	ADP
cblr-1730	378	7	course	course	NOUN
cblr-1730	378	8	,	,	PUNCT
cblr-1730	378	9	that	that	SCONJ
cblr-1730	378	10	brokers	broker	NOUN
cblr-1730	378	11	’	'	PUNCT
cblr-1730	378	12	advice	advice	NOUN
cblr-1730	378	13	is	be	AUX
cblr-1730	378	14	not	not	PART
cblr-1730	378	15	subject	subject	ADJ
cblr-1730	378	16	to	to	ADP
cblr-1730	378	17	a	a	DET
cblr-1730	378	18	fiduciary	fiduciary	ADJ
cblr-1730	378	19	standard	standard	NOUN
cblr-1730	378	20	so	so	ADV
cblr-1730	378	21	long	long	ADV
cblr-1730	378	22	as	as	SCONJ
cblr-1730	378	23	it	it	PRON
cblr-1730	378	24	is	be	AUX
cblr-1730	378	25	solely	solely	ADV
cblr-1730	378	26	incidental	incidental	ADJ
cblr-1730	378	27	to	to	ADP
cblr-1730	378	28	a	a	DET
cblr-1730	378	29	trade	trade	NOUN
cblr-1730	378	30	’s	’s	PART
cblr-1730	378	31	execution	execution	NOUN
cblr-1730	378	32	and	and	CCONJ
cblr-1730	378	33	is	be	AUX
cblr-1730	378	34	not	not	PART
cblr-1730	378	35	specially	specially	ADV
cblr-1730	378	36	compensated	compensate	VERB
cblr-1730	378	37	for.107	for.107	ADJ
cblr-1730	378	38	in	in	ADP
cblr-1730	378	39	fact	fact	NOUN
cblr-1730	378	40	,	,	PUNCT
cblr-1730	378	41	despite	despite	SCONJ
cblr-1730	378	42	the	the	DET
cblr-1730	378	43	disclaimers	disclaimer	NOUN
cblr-1730	378	44	in	in	ADP
cblr-1730	378	45	online	online	ADJ
cblr-1730	378	46	investor	investor	NOUN
cblr-1730	378	47	agreements	agreement	NOUN
cblr-1730	378	48	stating	state	VERB
cblr-1730	378	49	that	that	SCONJ
cblr-1730	378	50	their	their	PRON
cblr-1730	378	51	online	online	ADJ
cblr-1730	378	52	platforms	platform	NOUN
cblr-1730	378	53	do	do	AUX
cblr-1730	378	54	not	not	PART
cblr-1730	378	55	provide	provide	VERB
cblr-1730	378	56	advice,108	advice,108	ADP
cblr-1730	378	57	the	the	DET
cblr-1730	378	58	information	information	NOUN
cblr-1730	378	59	they	they	PRON
cblr-1730	378	60	do	do	AUX
cblr-1730	378	61	provide	provide	VERB
cblr-1730	378	62	is	be	AUX
cblr-1730	378	63	at	at	ADP
cblr-1730	378	64	the	the	DET
cblr-1730	378	65	very	very	ADV
cblr-1730	378	66	least	least	ADJ
cblr-1730	378	67	“	"	PUNCT
cblr-1730	378	68	in	in	ADP
cblr-1730	378	69	connection	connection	NOUN
cblr-1730	378	70	with	with	ADP
cblr-1730	378	71	the	the	DET
cblr-1730	378	72	sale	sale	NOUN
cblr-1730	378	73	of	of	ADP
cblr-1730	378	74	a	a	DET
cblr-1730	378	75	product	product	NOUN
cblr-1730	378	76	,	,	PUNCT
cblr-1730	378	77	”	"	PUNCT
cblr-1730	378	78	which	which	PRON
cblr-1730	378	79	mirrors	mirror	VERB
cblr-1730	378	80	the	the	DET
cblr-1730	378	81	requirements	requirement	NOUN
cblr-1730	378	82	for	for	ADP
cblr-1730	378	83	“	"	PUNCT
cblr-1730	378	84	solely	solely	ADV
cblr-1730	378	85	incidental	incidental	ADJ
cblr-1730	378	86	”	"	PUNCT
cblr-1730	378	87	advice.109	advice.109	VERB
cblr-1730	378	88	moreover	moreover	ADV
cblr-1730	378	89	,	,	PUNCT
cblr-1730	378	90	the	the	DET
cblr-1730	378	91	sec	sec	PROPN
cblr-1730	378	92	adopted	adopt	VERB
cblr-1730	378	93	a	a	DET
cblr-1730	378	94	rule	rule	NOUN
cblr-1730	378	95	in	in	ADP
cblr-1730	378	96	2005	2005	NUM
cblr-1730	378	97	that	that	PRON
cblr-1730	378	98	addresses	address	VERB
cblr-1730	378	99	the	the	DET
cblr-1730	378	100	application	application	NOUN
cblr-1730	378	101	of	of	ADP
cblr-1730	378	102	the	the	DET
cblr-1730	378	103	iaa	iaa	NOUN
cblr-1730	378	104	.	.	PUNCT
cblr-1730	379	1	the	the	DET
cblr-1730	379	2	rule	rule	NOUN
cblr-1730	379	3	includes	include	VERB
cblr-1730	379	4	a	a	DET
cblr-1730	379	5	provision	provision	NOUN
cblr-1730	379	6	which	which	PRON
cblr-1730	379	7	provides	provide	VERB
cblr-1730	379	8	that	that	SCONJ
cblr-1730	379	9	the	the	DET
cblr-1730	379	10	exercise	exercise	NOUN
cblr-1730	379	11	of	of	ADP
cblr-1730	379	12	investment	investment	NOUN
cblr-1730	379	13	discretion	discretion	NOUN
cblr-1730	379	14	is	be	AUX
cblr-1730	379	15	not	not	PART
cblr-1730	379	16	solely	solely	ADV
cblr-1730	379	17	incidental	incidental	ADJ
cblr-1730	379	18	advice	advice	NOUN
cblr-1730	379	19	under	under	ADP
cblr-1730	379	20	the	the	DET
cblr-1730	379	21	iaa	iaa	NOUN
cblr-1730	379	22	or	or	CCONJ
cblr-1730	379	23	the	the	DET
cblr-1730	379	24	rule.110	rule.110	NOUN
cblr-1730	379	25	it	it	PRON
cblr-1730	379	26	can	can	AUX
cblr-1730	379	27	be	be	AUX
cblr-1730	379	28	argued	argue	VERB
cblr-1730	379	29	that	that	SCONJ
cblr-1730	379	30	brokerage	brokerage	NOUN
cblr-1730	379	31	firms	firm	NOUN
cblr-1730	379	32	exercise	exercise	VERB
cblr-1730	379	33	such	such	ADJ
cblr-1730	379	34	investment	investment	NOUN
cblr-1730	379	35	discretion	discretion	NOUN
cblr-1730	379	36	when	when	SCONJ
cblr-1730	379	37	determining	determine	VERB
cblr-1730	379	38	which	which	DET
cblr-1730	379	39	information	information	NOUN
cblr-1730	379	40	to	to	PART
cblr-1730	379	41	display	display	VERB
cblr-1730	379	42	on	on	ADP
cblr-1730	379	43	their	their	PRON
cblr-1730	379	44	online	online	ADJ
cblr-1730	379	45	platforms	platform	NOUN
cblr-1730	379	46	,	,	PUNCT
cblr-1730	379	47	particularly	particularly	ADV
cblr-1730	379	48	if	if	SCONJ
cblr-1730	379	49	the	the	DET
cblr-1730	379	50	information	information	NOUN
cblr-1730	379	51	displayed	display	VERB
cblr-1730	379	52	varies	varie	NOUN
cblr-1730	379	53	depending	depend	VERB
cblr-1730	379	54	on	on	ADP
cblr-1730	379	55	the	the	DET
cblr-1730	379	56	investor	investor	NOUN
cblr-1730	379	57	in	in	ADP
cblr-1730	379	58	question	question	NOUN
cblr-1730	379	59	.	.	PUNCT
cblr-1730	380	1	it	it	PRON
cblr-1730	380	2	can	can	AUX
cblr-1730	380	3	also	also	ADV
cblr-1730	380	4	be	be	AUX
cblr-1730	380	5	argued	argue	VERB
cblr-1730	380	6	that	that	SCONJ
cblr-1730	380	7	the	the	DET
cblr-1730	380	8	platform	platform	NOUN
cblr-1730	380	9	itself	itself	PRON
cblr-1730	380	10	,	,	PUNCT
cblr-1730	380	11	which	which	PRON
cblr-1730	380	12	represents	represent	VERB
cblr-1730	380	13	the	the	DET
cblr-1730	380	14	brokerage	brokerage	NOUN
cblr-1730	380	15	firm	firm	NOUN
cblr-1730	380	16	,	,	PUNCT
cblr-1730	380	17	is	be	AUX
cblr-1730	380	18	exercising	exercise	VERB
cblr-1730	380	19	investment	investment	NOUN
cblr-1730	380	20	discretion	discretion	NOUN
cblr-1730	380	21	on	on	ADP
cblr-1730	380	22	behalf	behalf	NOUN
cblr-1730	380	23	of	of	ADP
cblr-1730	380	24	the	the	DET
cblr-1730	380	25	brokerage	brokerage	NOUN
cblr-1730	380	26	firm	firm	NOUN
cblr-1730	380	27	when	when	SCONJ
cblr-1730	380	28	it	it	PRON
cblr-1730	380	29	provides	provide	VERB
cblr-1730	380	30	securities	security	NOUN
cblr-1730	380	31	in	in	ADP
cblr-1730	380	32	response	response	NOUN
cblr-1730	380	33	to	to	ADP
cblr-1730	380	34	investor	investor	NOUN
cblr-1730	380	35	inputs	input	NOUN
cblr-1730	380	36	for	for	ADP
cblr-1730	380	37	any	any	PRON
cblr-1730	380	38	of	of	ADP
cblr-1730	380	39	its	its	PRON
cblr-1730	380	40	given	give	VERB
cblr-1730	380	41	analytical	analytical	ADJ
cblr-1730	380	42	or	or	CCONJ
cblr-1730	380	43	idea	idea	NOUN
cblr-1730	380	44	generation	generation	NOUN
cblr-1730	380	45	tools	tool	NOUN
cblr-1730	380	46	.	.	PUNCT
cblr-1730	381	1	106	106	NUM
cblr-1730	381	2	williams	williams	PROPN
cblr-1730	381	3	v.	v.	ADP
cblr-1730	381	4	scottrade	scottrade	PROPN
cblr-1730	381	5	,	,	PUNCT
cblr-1730	381	6	inc	inc	PROPN
cblr-1730	381	7	.	.	PROPN
cblr-1730	381	8	,	,	PUNCT
cblr-1730	381	9	no	no	INTJ
cblr-1730	381	10	.	.	NOUN
cblr-1730	381	11	06	06	NUM
cblr-1730	381	12	-	-	SYM
cblr-1730	381	13	10677	10677	NUM
cblr-1730	381	14	,	,	PUNCT
cblr-1730	381	15	2006	2006	NUM
cblr-1730	381	16	wl	wl	NOUN
cblr-1730	381	17	2077588	2077588	NUM
cblr-1730	381	18	,	,	PUNCT
cblr-1730	381	19	at	at	ADP
cblr-1730	381	20	*	*	PROPN
cblr-1730	381	21	4	4	NUM
cblr-1730	381	22	–	–	SYM
cblr-1730	381	23	5	5	NUM
cblr-1730	381	24	(	(	PUNCT
cblr-1730	381	25	e.d	e.d	PROPN
cblr-1730	381	26	.	.	PROPN
cblr-1730	381	27	mich	mich	PROPN
cblr-1730	381	28	.	.	PUNCT
cblr-1730	382	1	july	july	PROPN
cblr-1730	382	2	24	24	NUM
cblr-1730	382	3	,	,	PUNCT
cblr-1730	382	4	2006	2006	NUM
cblr-1730	382	5	)	)	PUNCT
cblr-1730	382	6	.	.	PUNCT
cblr-1730	383	1	107	107	NUM
cblr-1730	383	2	thomas	thomas	PROPN
cblr-1730	383	3	v.	v.	PROPN
cblr-1730	383	4	metro	metro	PROPN
cblr-1730	383	5	.	.	PUNCT
cblr-1730	384	1	life	life	NOUN
cblr-1730	384	2	ins	ins	PROPN
cblr-1730	384	3	.	.	PUNCT
cblr-1730	384	4	co.	co.	PROPN
cblr-1730	384	5	,	,	PUNCT
cblr-1730	384	6	631	631	NUM
cblr-1730	384	7	f.3d	f.3d	NUM
cblr-1730	384	8	1153	1153	NUM
cblr-1730	384	9	,	,	PUNCT
cblr-1730	384	10	1164	1164	NUM
cblr-1730	384	11	(	(	PUNCT
cblr-1730	384	12	10th	10th	ADJ
cblr-1730	384	13	cir	cir	NOUN
cblr-1730	384	14	.	.	PUNCT
cblr-1730	384	15	2011	2011	NUM
cblr-1730	384	16	)	)	PUNCT
cblr-1730	384	17	;	;	PUNCT
cblr-1730	385	1	wiener	wiener	NOUN
cblr-1730	385	2	v.	v.	PROPN
cblr-1730	385	3	eaton	eaton	PROPN
cblr-1730	385	4	vance	vance	PROPN
cblr-1730	385	5	distribs	distribs	PROPN
cblr-1730	385	6	.	.	PUNCT
cblr-1730	385	7	,	,	PUNCT
cblr-1730	385	8	inc	inc	PROPN
cblr-1730	385	9	.	.	PROPN
cblr-1730	385	10	,	,	PUNCT
cblr-1730	385	11	no	no	INTJ
cblr-1730	385	12	.	.	NOUN
cblr-1730	385	13	10	10	NUM
cblr-1730	385	14	-	-	PUNCT
cblr-1730	385	15	10515	10515	NUM
cblr-1730	385	16	-	-	PUNCT
cblr-1730	385	17	dpw	dpw	NOUN
cblr-1730	385	18	,	,	PUNCT
cblr-1730	385	19	2011	2011	NUM
cblr-1730	385	20	wl	wl	NOUN
cblr-1730	385	21	1233131	1233131	NUM
cblr-1730	385	22	,	,	PUNCT
cblr-1730	385	23	at	at	ADP
cblr-1730	385	24	*	*	NOUN
cblr-1730	385	25	2	2	NUM
cblr-1730	385	26	(	(	PUNCT
cblr-1730	385	27	d.	d.	PROPN
cblr-1730	385	28	mass	mass	PROPN
cblr-1730	385	29	.	.	PUNCT
cblr-1730	386	1	mar	mar	PROPN
cblr-1730	386	2	.	.	PROPN
cblr-1730	386	3	30	30	NUM
cblr-1730	386	4	,	,	PUNCT
cblr-1730	386	5	2011	2011	NUM
cblr-1730	386	6	)	)	PUNCT
cblr-1730	386	7	;	;	PUNCT
cblr-1730	386	8	see	see	VERB
cblr-1730	386	9	also	also	ADV
cblr-1730	386	10	edwards	edwards	PROPN
cblr-1730	386	11	,	,	PUNCT
cblr-1730	386	12	supra	supra	PROPN
cblr-1730	386	13	note	note	NOUN
cblr-1730	386	14	2	2	NUM
cblr-1730	386	15	,	,	PUNCT
cblr-1730	386	16	at	at	ADP
cblr-1730	386	17	113	113	NUM
cblr-1730	386	18	.	.	PUNCT
cblr-1730	387	1	108	108	NUM
cblr-1730	387	2	see	see	VERB
cblr-1730	387	3	brokerage	brokerage	NOUN
cblr-1730	387	4	account	account	NOUN
cblr-1730	387	5	agreement	agreement	NOUN
cblr-1730	387	6	,	,	PUNCT
cblr-1730	387	7	supra	supra	PROPN
cblr-1730	387	8	note	note	NOUN
cblr-1730	387	9	46	46	NUM
cblr-1730	387	10	,	,	PUNCT
cblr-1730	387	11	at	at	ADP
cblr-1730	387	12	2	2	NUM
cblr-1730	387	13	;	;	PUNCT
cblr-1730	387	14	brokerage	brokerage	NOUN
cblr-1730	387	15	account	account	NOUN
cblr-1730	387	16	agreement	agreement	NOUN
cblr-1730	387	17	,	,	PUNCT
cblr-1730	387	18	supra	supra	PROPN
cblr-1730	387	19	note	note	PROPN
cblr-1730	387	20	72	72	NUM
cblr-1730	387	21	,	,	PUNCT
cblr-1730	387	22	at	at	ADP
cblr-1730	387	23	19–20	19–20	NUM
cblr-1730	387	24	;	;	PUNCT
cblr-1730	387	25	client	client	NOUN
cblr-1730	387	26	agreement	agreement	NOUN
cblr-1730	387	27	,	,	PUNCT
cblr-1730	387	28	supra	supra	PROPN
cblr-1730	387	29	note	note	PROPN
cblr-1730	387	30	72	72	NUM
cblr-1730	387	31	,	,	PUNCT
cblr-1730	387	32	at	at	ADP
cblr-1730	387	33	8	8	NUM
cblr-1730	387	34	.	.	PUNCT
cblr-1730	388	1	109	109	NUM
cblr-1730	388	2	thomas	thomas	PROPN
cblr-1730	388	3	v.	v.	PROPN
cblr-1730	388	4	metro	metro	PROPN
cblr-1730	388	5	.	.	PUNCT
cblr-1730	389	1	life	life	NOUN
cblr-1730	389	2	ins	ins	PROPN
cblr-1730	389	3	.	.	PUNCT
cblr-1730	389	4	co.	co.	PROPN
cblr-1730	389	5	,	,	PUNCT
cblr-1730	389	6	631	631	NUM
cblr-1730	389	7	f.3d	f.3d	NUM
cblr-1730	389	8	1153,1162	1153,1162	NUM
cblr-1730	389	9	(	(	PUNCT
cblr-1730	389	10	10th	10th	ADJ
cblr-1730	389	11	cir	cir	NOUN
cblr-1730	389	12	.	.	PUNCT
cblr-1730	389	13	2011	2011	NUM
cblr-1730	389	14	)	)	PUNCT
cblr-1730	389	15	.	.	PUNCT
cblr-1730	390	1	110	110	NUM
cblr-1730	390	2	certain	certain	ADJ
cblr-1730	390	3	broker	broker	NOUN
cblr-1730	390	4	-	-	PUNCT
cblr-1730	390	5	dealers	dealer	NOUN
cblr-1730	390	6	deemed	deem	VERB
cblr-1730	390	7	not	not	PART
cblr-1730	390	8	to	to	PART
cblr-1730	390	9	be	be	AUX
cblr-1730	390	10	investment	investment	NOUN
cblr-1730	390	11	advisers	adviser	NOUN
cblr-1730	390	12	,	,	PUNCT
cblr-1730	390	13	17	17	NUM
cblr-1730	390	14	c.f.r	c.f.r	NOUN
cblr-1730	390	15	.	.	PUNCT
cblr-1730	391	1	pt	pt	PROPN
cblr-1730	391	2	.	.	PROPN
cblr-1730	391	3	275	275	NUM
cblr-1730	391	4	(	(	PUNCT
cblr-1730	391	5	2005	2005	NUM
cblr-1730	391	6	)	)	PUNCT
cblr-1730	391	7	.	.	PUNCT
cblr-1730	392	1	smith	smith	PROPN
cblr-1730	392	2	–	–	PUNCT
cblr-1730	392	3	final	final	ADJ
cblr-1730	392	4	1228	1228	NUM
cblr-1730	392	5	columbia	columbia	PROPN
cblr-1730	392	6	business	business	NOUN
cblr-1730	392	7	law	law	PROPN
cblr-1730	392	8	review	review	NOUN
cblr-1730	392	9	[	[	X
cblr-1730	392	10	vol	vol	NOUN
cblr-1730	392	11	.	.	NOUN
cblr-1730	392	12	2017	2017	NUM
cblr-1730	392	13	as	as	ADP
cblr-1730	392	14	online	online	ADJ
cblr-1730	392	15	platforms	platform	NOUN
cblr-1730	392	16	,	,	PUNCT
cblr-1730	392	17	like	like	ADP
cblr-1730	392	18	brokers	broker	NOUN
cblr-1730	392	19	,	,	PUNCT
cblr-1730	392	20	often	often	ADV
cblr-1730	392	21	receive	receive	VERB
cblr-1730	392	22	commission	commission	NOUN
cblr-1730	392	23	-	-	PUNCT
cblr-1730	392	24	based	base	VERB
cblr-1730	392	25	compensation	compensation	NOUN
cblr-1730	392	26	,	,	PUNCT
cblr-1730	392	27	the	the	DET
cblr-1730	392	28	investment	investment	NOUN
cblr-1730	392	29	recommendations	recommendation	NOUN
cblr-1730	392	30	received	receive	VERB
cblr-1730	392	31	through	through	ADP
cblr-1730	392	32	the	the	DET
cblr-1730	392	33	former	former	ADJ
cblr-1730	392	34	will	will	AUX
cblr-1730	392	35	be	be	AUX
cblr-1730	392	36	tainted	taint	VERB
cblr-1730	392	37	by	by	ADP
cblr-1730	392	38	the	the	DET
cblr-1730	392	39	same	same	ADJ
cblr-1730	392	40	problematic	problematic	ADJ
cblr-1730	392	41	incentives	incentive	NOUN
cblr-1730	392	42	that	that	PRON
cblr-1730	392	43	accompany	accompany	VERB
cblr-1730	392	44	recommendations	recommendation	NOUN
cblr-1730	392	45	made	make	VERB
cblr-1730	392	46	by	by	ADP
cblr-1730	392	47	brokers.111	brokers.111	NOUN
cblr-1730	392	48	applying	apply	VERB
cblr-1730	392	49	the	the	DET
cblr-1730	392	50	leib	leib	PROPN
cblr-1730	392	51	v.	v.	ADP
cblr-1730	392	52	merrill	merrill	PROPN
cblr-1730	392	53	lynch	lynch	PROPN
cblr-1730	392	54	factors	factor	NOUN
cblr-1730	392	55	,	,	PUNCT
cblr-1730	392	56	brokers	broker	NOUN
cblr-1730	392	57	,	,	PUNCT
cblr-1730	392	58	advisers	adviser	NOUN
cblr-1730	392	59	,	,	PUNCT
cblr-1730	392	60	and	and	CCONJ
cblr-1730	392	61	online	online	ADJ
cblr-1730	392	62	platforms	platform	NOUN
cblr-1730	392	63	could	could	AUX
cblr-1730	392	64	all	all	ADV
cblr-1730	392	65	present	present	VERB
cblr-1730	392	66	the	the	DET
cblr-1730	392	67	possibility	possibility	NOUN
cblr-1730	392	68	for	for	ADP
cblr-1730	392	69	de	de	X
cblr-1730	392	70	facto	facto	X
cblr-1730	392	71	or	or	CCONJ
cblr-1730	392	72	discretionary	discretionary	ADJ
cblr-1730	392	73	control	control	NOUN
cblr-1730	392	74	over	over	ADP
cblr-1730	392	75	clients	client	NOUN
cblr-1730	392	76	’	’	PART
cblr-1730	392	77	accounts	account	NOUN
cblr-1730	392	78	.	.	PUNCT
cblr-1730	393	1	with	with	ADP
cblr-1730	393	2	these	these	DET
cblr-1730	393	3	key	key	ADJ
cblr-1730	393	4	similarities	similarity	NOUN
cblr-1730	393	5	,	,	PUNCT
cblr-1730	393	6	the	the	DET
cblr-1730	393	7	differences	difference	NOUN
cblr-1730	393	8	between	between	ADP
cblr-1730	393	9	advisers	adviser	NOUN
cblr-1730	393	10	,	,	PUNCT
cblr-1730	393	11	brokers	broker	NOUN
cblr-1730	393	12	,	,	PUNCT
cblr-1730	393	13	and	and	CCONJ
cblr-1730	393	14	online	online	ADJ
cblr-1730	393	15	platforms	platform	NOUN
cblr-1730	393	16	become	become	VERB
cblr-1730	393	17	difficult	difficult	ADJ
cblr-1730	393	18	for	for	SCONJ
cblr-1730	393	19	the	the	DET
cblr-1730	393	20	average	average	ADJ
cblr-1730	393	21	investor	investor	NOUN
cblr-1730	393	22	to	to	AUX
cblr-1730	393	23	discern.112	discern.112	VERB
cblr-1730	393	24	it	it	PRON
cblr-1730	393	25	is	be	AUX
cblr-1730	393	26	no	no	DET
cblr-1730	393	27	surprise	surprise	NOUN
cblr-1730	393	28	that	that	SCONJ
cblr-1730	393	29	both	both	CCONJ
cblr-1730	393	30	the	the	DET
cblr-1730	393	31	sec	sec	PROPN
cblr-1730	393	32	and	and	CCONJ
cblr-1730	393	33	numerous	numerous	ADJ
cblr-1730	393	34	scholars	scholar	NOUN
cblr-1730	393	35	have	have	AUX
cblr-1730	393	36	pushed	push	VERB
cblr-1730	393	37	for	for	ADP
cblr-1730	393	38	a	a	DET
cblr-1730	393	39	unified	unified	ADJ
cblr-1730	393	40	fiduciary	fiduciary	ADJ
cblr-1730	393	41	standard.113	standard.113	ADJ
cblr-1730	393	42	a	a	DET
cblr-1730	393	43	unified	unified	ADJ
cblr-1730	393	44	standard	standard	NOUN
cblr-1730	393	45	would	would	AUX
cblr-1730	393	46	solve	solve	VERB
cblr-1730	393	47	the	the	DET
cblr-1730	393	48	problems	problem	NOUN
cblr-1730	393	49	related	relate	VERB
cblr-1730	393	50	to	to	ADP
cblr-1730	393	51	consumer	consumer	NOUN
cblr-1730	393	52	confusion	confusion	NOUN
cblr-1730	393	53	that	that	PRON
cblr-1730	393	54	result	result	VERB
cblr-1730	393	55	from	from	ADP
cblr-1730	393	56	having	have	VERB
cblr-1730	393	57	three	three	NUM
cblr-1730	393	58	distinct	distinct	ADJ
cblr-1730	393	59	,	,	PUNCT
cblr-1730	393	60	yet	yet	CCONJ
cblr-1730	393	61	at	at	ADP
cblr-1730	393	62	times	time	NOUN
cblr-1730	393	63	overlapping	overlap	VERB
cblr-1730	393	64	,	,	PUNCT
cblr-1730	393	65	investment	investment	NOUN
cblr-1730	393	66	service	service	NOUN
cblr-1730	393	67	providers	provider	NOUN
cblr-1730	393	68	with	with	ADP
cblr-1730	393	69	substantially	substantially	ADV
cblr-1730	393	70	differing	differ	VERB
cblr-1730	393	71	legal	legal	ADJ
cblr-1730	393	72	protections	protection	NOUN
cblr-1730	393	73	.	.	PUNCT
cblr-1730	394	1	as	as	ADP
cblr-1730	394	2	of	of	ADP
cblr-1730	394	3	2010	2010	NUM
cblr-1730	394	4	,	,	PUNCT
cblr-1730	394	5	88	88	NUM
cblr-1730	394	6	%	%	NOUN
cblr-1730	394	7	of	of	ADP
cblr-1730	394	8	advisers	adviser	NOUN
cblr-1730	394	9	were	be	AUX
cblr-1730	394	10	also	also	ADV
cblr-1730	394	11	registered	register	VERB
cblr-1730	394	12	with	with	ADP
cblr-1730	394	13	finra	finra	PROPN
cblr-1730	394	14	as	as	ADP
cblr-1730	394	15	brokers	broker	NOUN
cblr-1730	394	16	,	,	PUNCT
cblr-1730	394	17	18	18	NUM
cblr-1730	394	18	%	%	NOUN
cblr-1730	394	19	of	of	ADP
cblr-1730	394	20	all	all	DET
cblr-1730	394	21	brokerage	brokerage	NOUN
cblr-1730	394	22	firms	firm	NOUN
cblr-1730	394	23	were	be	AUX
cblr-1730	394	24	also	also	ADV
cblr-1730	394	25	registered	register	VERB
cblr-1730	394	26	as	as	ADP
cblr-1730	394	27	advisers	adviser	NOUN
cblr-1730	394	28	,	,	PUNCT
cblr-1730	394	29	and	and	CCONJ
cblr-1730	394	30	37	37	NUM
cblr-1730	394	31	%	%	NOUN
cblr-1730	394	32	of	of	ADP
cblr-1730	394	33	finra	finra	PROPN
cblr-1730	394	34	registered	register	VERB
cblr-1730	394	35	brokerage	brokerage	NOUN
cblr-1730	394	36	firms	firm	NOUN
cblr-1730	394	37	had	have	VERB
cblr-1730	394	38	an	an	DET
cblr-1730	394	39	affiliated	affiliated	ADJ
cblr-1730	394	40	adviser.114	adviser.114	NOUN
cblr-1730	394	41	the	the	DET
cblr-1730	394	42	unified	unified	ADJ
cblr-1730	394	43	fiduciary	fiduciary	ADJ
cblr-1730	394	44	standard	standard	NOUN
cblr-1730	394	45	would	would	AUX
cblr-1730	394	46	include	include	VERB
cblr-1730	394	47	both	both	DET
cblr-1730	394	48	duties	duty	NOUN
cblr-1730	394	49	of	of	ADP
cblr-1730	394	50	care	care	NOUN
cblr-1730	394	51	and	and	CCONJ
cblr-1730	394	52	loyalty,115	loyalty,115	PROPN
cblr-1730	394	53	and	and	CCONJ
cblr-1730	394	54	,	,	PUNCT
cblr-1730	394	55	thus	thus	ADV
cblr-1730	394	56	,	,	PUNCT
cblr-1730	394	57	the	the	DET
cblr-1730	394	58	unified	unified	ADJ
cblr-1730	394	59	fiduciary	fiduciary	ADJ
cblr-1730	394	60	standard	standard	NOUN
cblr-1730	394	61	would	would	AUX
cblr-1730	394	62	be	be	AUX
cblr-1730	394	63	clear	clear	ADJ
cblr-1730	394	64	that	that	SCONJ
cblr-1730	394	65	no	no	ADV
cblr-1730	394	66	matter	matter	ADV
cblr-1730	394	67	which	which	DET
cblr-1730	394	68	type	type	NOUN
cblr-1730	394	69	of	of	ADP
cblr-1730	394	70	financial	financial	ADJ
cblr-1730	394	71	adviser	adviser	NOUN
cblr-1730	394	72	is	be	AUX
cblr-1730	394	73	solicited	solicit	VERB
cblr-1730	394	74	(	(	PUNCT
cblr-1730	394	75	i.e.	i.e.	X
cblr-1730	394	76	,	,	PUNCT
cblr-1730	394	77	an	an	DET
cblr-1730	394	78	adviser	adviser	NOUN
cblr-1730	394	79	,	,	PUNCT
cblr-1730	394	80	broker	broker	NOUN
cblr-1730	394	81	,	,	PUNCT
cblr-1730	394	82	or	or	CCONJ
cblr-1730	394	83	online	online	ADJ
cblr-1730	394	84	platform	platform	NOUN
cblr-1730	394	85	)	)	PUNCT
cblr-1730	394	86	,	,	PUNCT
cblr-1730	394	87	the	the	DET
cblr-1730	394	88	advice	advice	NOUN
cblr-1730	394	89	and	and	CCONJ
cblr-1730	394	90	information	information	NOUN
cblr-1730	394	91	provided	provide	VERB
cblr-1730	394	92	must	must	AUX
cblr-1730	394	93	be	be	AUX
cblr-1730	394	94	in	in	ADP
cblr-1730	394	95	the	the	DET
cblr-1730	394	96	investors	investor	NOUN
cblr-1730	394	97	’	’	PART
cblr-1730	394	98	best	good	ADJ
cblr-1730	394	99	interests	interest	NOUN
cblr-1730	394	100	.	.	PUNCT
cblr-1730	395	1	a	a	DET
cblr-1730	395	2	unified	unified	ADJ
cblr-1730	395	3	fiduciary	fiduciary	ADJ
cblr-1730	395	4	standard	standard	NOUN
cblr-1730	395	5	would	would	AUX
cblr-1730	395	6	also	also	ADV
cblr-1730	395	7	substantially	substantially	ADV
cblr-1730	395	8	reduce	reduce	VERB
cblr-1730	395	9	the	the	DET
cblr-1730	395	10	potential	potential	NOUN
cblr-1730	395	11	for	for	ADP
cblr-1730	395	12	investor	investor	NOUN
cblr-1730	395	13	abuse	abuse	NOUN
cblr-1730	395	14	.	.	PUNCT
cblr-1730	396	1	advisers	adviser	NOUN
cblr-1730	396	2	must	must	AUX
cblr-1730	396	3	consider	consider	VERB
cblr-1730	396	4	the	the	DET
cblr-1730	396	5	management	management	NOUN
cblr-1730	396	6	fees	fee	NOUN
cblr-1730	396	7	and	and	CCONJ
cblr-1730	396	8	prices	price	NOUN
cblr-1730	396	9	of	of	ADP
cblr-1730	396	10	securities	security	NOUN
cblr-1730	396	11	when	when	SCONJ
cblr-1730	396	12	advising	advise	VERB
cblr-1730	396	13	111	111	NUM
cblr-1730	396	14	see	see	NOUN
cblr-1730	396	15	edwards	edwards	PROPN
cblr-1730	396	16	,	,	PUNCT
cblr-1730	396	17	supra	supra	PROPN
cblr-1730	396	18	note	note	NOUN
cblr-1730	396	19	2	2	NUM
cblr-1730	396	20	,	,	PUNCT
cblr-1730	396	21	at	at	ADP
cblr-1730	396	22	106	106	NUM
cblr-1730	396	23	;	;	PUNCT
cblr-1730	396	24	client	client	NOUN
cblr-1730	396	25	agreement	agreement	NOUN
cblr-1730	396	26	,	,	PUNCT
cblr-1730	396	27	supra	supra	PROPN
cblr-1730	396	28	note	note	PROPN
cblr-1730	396	29	72	72	NUM
cblr-1730	396	30	,	,	PUNCT
cblr-1730	396	31	at	at	ADP
cblr-1730	396	32	1	1	NUM
cblr-1730	396	33	.	.	NUM
cblr-1730	396	34	112	112	NUM
cblr-1730	396	35	see	see	NOUN
cblr-1730	396	36	varnavides	varnavide	NOUN
cblr-1730	396	37	,	,	PUNCT
cblr-1730	396	38	supra	supra	PROPN
cblr-1730	396	39	note	note	NOUN
cblr-1730	396	40	6	6	NUM
cblr-1730	396	41	,	,	PUNCT
cblr-1730	396	42	at	at	ADP
cblr-1730	396	43	215	215	NUM
cblr-1730	396	44	;	;	PUNCT
cblr-1730	396	45	see	see	VERB
cblr-1730	396	46	also	also	ADV
cblr-1730	396	47	sec	sec	PROPN
cblr-1730	396	48	study	study	NOUN
cblr-1730	396	49	,	,	PUNCT
cblr-1730	396	50	supra	supra	PROPN
cblr-1730	396	51	note	note	PROPN
cblr-1730	396	52	6	6	NUM
cblr-1730	396	53	,	,	PUNCT
cblr-1730	396	54	at	at	ADP
cblr-1730	396	55	9	9	NUM
cblr-1730	396	56	.	.	SYM
cblr-1730	396	57	113	113	NUM
cblr-1730	396	58	see	see	VERB
cblr-1730	396	59	edwards	edwards	PROPN
cblr-1730	396	60	,	,	PUNCT
cblr-1730	396	61	supra	supra	PROPN
cblr-1730	396	62	note	note	NOUN
cblr-1730	396	63	2	2	NUM
cblr-1730	396	64	,	,	PUNCT
cblr-1730	396	65	at	at	ADP
cblr-1730	396	66	118	118	NUM
cblr-1730	396	67	;	;	PUNCT
cblr-1730	396	68	see	see	VERB
cblr-1730	396	69	also	also	ADV
cblr-1730	396	70	sec	sec	PROPN
cblr-1730	396	71	study	study	NOUN
cblr-1730	396	72	,	,	PUNCT
cblr-1730	396	73	supra	supra	PROPN
cblr-1730	396	74	note	note	PROPN
cblr-1730	396	75	6	6	NUM
cblr-1730	396	76	,	,	PUNCT
cblr-1730	396	77	at	at	ADP
cblr-1730	396	78	101	101	NUM
cblr-1730	396	79	.	.	PUNCT
cblr-1730	396	80	114	114	NUM
cblr-1730	396	81	sec	sec	PROPN
cblr-1730	396	82	study	study	NOUN
cblr-1730	396	83	,	,	PUNCT
cblr-1730	396	84	supra	supra	PROPN
cblr-1730	396	85	note	note	PROPN
cblr-1730	396	86	6	6	NUM
cblr-1730	396	87	,	,	PUNCT
cblr-1730	396	88	at	at	ADP
cblr-1730	396	89	12	12	NUM
cblr-1730	396	90	;	;	PUNCT
cblr-1730	396	91	see	see	VERB
cblr-1730	396	92	also	also	ADV
cblr-1730	396	93	lazaro	lazaro	NOUN
cblr-1730	396	94	,	,	PUNCT
cblr-1730	396	95	supra	supra	PROPN
cblr-1730	396	96	note	note	NOUN
cblr-1730	396	97	17	17	NUM
cblr-1730	396	98	,	,	PUNCT
cblr-1730	396	99	at	at	ADP
cblr-1730	396	100	401–02	401–02	PROPN
cblr-1730	396	101	,	,	PUNCT
cblr-1730	396	102	412	412	NUM
cblr-1730	396	103	.	.	NOUN
cblr-1730	396	104	115	115	NUM
cblr-1730	396	105	sec	sec	PROPN
cblr-1730	396	106	study	study	NOUN
cblr-1730	396	107	,	,	PUNCT
cblr-1730	396	108	supra	supra	PROPN
cblr-1730	396	109	note	note	PROPN
cblr-1730	396	110	6	6	NUM
cblr-1730	396	111	,	,	PUNCT
cblr-1730	396	112	at	at	ADP
cblr-1730	396	113	106–07	106–07	NUM
cblr-1730	396	114	,	,	PUNCT
cblr-1730	396	115	110–11	110–11	NUM
cblr-1730	396	116	;	;	PUNCT
cblr-1730	396	117	see	see	VERB
cblr-1730	396	118	also	also	ADV
cblr-1730	396	119	lazaro	lazaro	NOUN
cblr-1730	396	120	,	,	PUNCT
cblr-1730	396	121	supra	supra	PROPN
cblr-1730	396	122	note	note	NOUN
cblr-1730	396	123	17	17	NUM
cblr-1730	396	124	,	,	PUNCT
cblr-1730	396	125	at	at	ADP
cblr-1730	396	126	409	409	NUM
cblr-1730	396	127	.	.	PUNCT
cblr-1730	397	1	smith	smith	PROPN
cblr-1730	397	2	–	–	PUNCT
cblr-1730	397	3	final	final	ADJ
cblr-1730	397	4	no	no	NOUN
cblr-1730	397	5	.	.	PUNCT
cblr-1730	398	1	3:1200	3:1200	NUM
cblr-1730	398	2	]	]	X
cblr-1730	398	3	a	a	DET
cblr-1730	398	4	uniform	uniform	ADJ
cblr-1730	398	5	fiduciary	fiduciary	ADJ
cblr-1730	398	6	duty	duty	NOUN
cblr-1730	398	7	1229	1229	NUM
cblr-1730	398	8	clients	client	NOUN
cblr-1730	398	9	of	of	ADP
cblr-1730	398	10	appropriate	appropriate	ADJ
cblr-1730	398	11	investment	investment	NOUN
cblr-1730	398	12	opportunities.116	opportunities.116	NOUN
cblr-1730	398	13	further	far	ADV
cblr-1730	398	14	,	,	PUNCT
cblr-1730	398	15	in	in	ADP
cblr-1730	398	16	order	order	NOUN
cblr-1730	398	17	to	to	PART
cblr-1730	398	18	fulfill	fulfill	VERB
cblr-1730	398	19	the	the	DET
cblr-1730	398	20	duty	duty	NOUN
cblr-1730	398	21	of	of	ADP
cblr-1730	398	22	loyalty	loyalty	NOUN
cblr-1730	398	23	,	,	PUNCT
cblr-1730	398	24	advisers	adviser	NOUN
cblr-1730	398	25	must	must	AUX
cblr-1730	398	26	also	also	ADV
cblr-1730	398	27	disclose	disclose	VERB
cblr-1730	398	28	or	or	CCONJ
cblr-1730	398	29	eliminate	eliminate	VERB
cblr-1730	398	30	all	all	DET
cblr-1730	398	31	material	material	ADJ
cblr-1730	398	32	conflicts	conflict	NOUN
cblr-1730	398	33	of	of	ADP
cblr-1730	398	34	interest.117	interest.117	NOUN
cblr-1730	398	35	hence	hence	ADV
cblr-1730	398	36	,	,	PUNCT
cblr-1730	398	37	if	if	SCONJ
cblr-1730	398	38	brokers	broker	NOUN
cblr-1730	398	39	and	and	CCONJ
cblr-1730	398	40	online	online	ADJ
cblr-1730	398	41	platforms	platform	NOUN
cblr-1730	398	42	were	be	AUX
cblr-1730	398	43	also	also	ADV
cblr-1730	398	44	under	under	ADP
cblr-1730	398	45	the	the	DET
cblr-1730	398	46	same	same	ADJ
cblr-1730	398	47	legal	legal	ADJ
cblr-1730	398	48	obligations	obligation	NOUN
cblr-1730	398	49	,	,	PUNCT
cblr-1730	398	50	they	they	PRON
cblr-1730	398	51	would	would	AUX
cblr-1730	398	52	no	no	ADV
cblr-1730	398	53	longer	long	ADV
cblr-1730	398	54	be	be	AUX
cblr-1730	398	55	able	able	ADJ
cblr-1730	398	56	to	to	PART
cblr-1730	398	57	recommend	recommend	VERB
cblr-1730	398	58	securities	security	NOUN
cblr-1730	398	59	that	that	PRON
cblr-1730	398	60	were	be	AUX
cblr-1730	398	61	equally	equally	ADV
cblr-1730	398	62	suitable	suitable	ADJ
cblr-1730	398	63	to	to	ADP
cblr-1730	398	64	others	other	NOUN
cblr-1730	398	65	with	with	ADP
cblr-1730	398	66	lower	low	ADJ
cblr-1730	398	67	total	total	ADJ
cblr-1730	398	68	commissions	commission	NOUN
cblr-1730	398	69	.	.	PUNCT
cblr-1730	399	1	so	so	ADV
cblr-1730	399	2	too	too	ADV
cblr-1730	399	3	would	would	AUX
cblr-1730	399	4	a	a	DET
cblr-1730	399	5	unified	unify	VERB
cblr-1730	399	6	standard	standard	ADJ
cblr-1730	399	7	resolve	resolve	NOUN
cblr-1730	399	8	issues	issue	NOUN
cblr-1730	399	9	of	of	ADP
cblr-1730	399	10	applicability	applicability	NOUN
cblr-1730	399	11	of	of	ADP
cblr-1730	399	12	de	de	X
cblr-1730	399	13	facto	facto	X
cblr-1730	399	14	control	control	NOUN
cblr-1730	399	15	.	.	PUNCT
cblr-1730	400	1	instead	instead	ADV
cblr-1730	400	2	of	of	ADP
cblr-1730	400	3	courts	court	NOUN
cblr-1730	400	4	having	have	VERB
cblr-1730	400	5	to	to	PART
cblr-1730	400	6	examine	examine	VERB
cblr-1730	400	7	case	case	NOUN
cblr-1730	400	8	-	-	PUNCT
cblr-1730	400	9	by	by	ADP
cblr-1730	400	10	-	-	PUNCT
cblr-1730	400	11	case	case	NOUN
cblr-1730	400	12	for	for	ADP
cblr-1730	400	13	de	de	X
cblr-1730	400	14	facto	facto	X
cblr-1730	400	15	control	control	NOUN
cblr-1730	400	16	under	under	ADP
cblr-1730	400	17	the	the	DET
cblr-1730	400	18	leib	leib	PROPN
cblr-1730	400	19	v.	v.	ADP
cblr-1730	400	20	merrill	merrill	PROPN
cblr-1730	400	21	lynch	lynch	PROPN
cblr-1730	400	22	factors	factor	NOUN
cblr-1730	400	23	,	,	PUNCT
cblr-1730	400	24	such	such	ADJ
cblr-1730	400	25	control	control	NOUN
cblr-1730	400	26	is	be	AUX
cblr-1730	400	27	allowed	allow	VERB
cblr-1730	400	28	and	and	CCONJ
cblr-1730	400	29	anticipated	anticipate	VERB
cblr-1730	400	30	under	under	ADP
cblr-1730	400	31	the	the	DET
cblr-1730	400	32	fiduciary	fiduciary	ADJ
cblr-1730	400	33	obligations	obligation	NOUN
cblr-1730	400	34	set	set	VERB
cblr-1730	400	35	by	by	ADP
cblr-1730	400	36	iaa	iaa	ADJ
cblr-1730	400	37	section	section	NOUN
cblr-1730	400	38	206(3	206(3	NUM
cblr-1730	400	39	)	)	PUNCT
cblr-1730	400	40	so	so	ADV
cblr-1730	400	41	long	long	ADV
cblr-1730	400	42	as	as	SCONJ
cblr-1730	400	43	certain	certain	ADJ
cblr-1730	400	44	requirements	requirement	NOUN
cblr-1730	400	45	are	be	AUX
cblr-1730	400	46	met.118	met.118	VERB
cblr-1730	400	47	further	far	ADV
cblr-1730	400	48	,	,	PUNCT
cblr-1730	400	49	should	should	AUX
cblr-1730	400	50	any	any	DET
cblr-1730	400	51	financial	financial	ADJ
cblr-1730	400	52	adviser	adviser	NOUN
cblr-1730	400	53	abuse	abuse	VERB
cblr-1730	400	54	the	the	DET
cblr-1730	400	55	trust	trust	NOUN
cblr-1730	400	56	that	that	SCONJ
cblr-1730	400	57	the	the	DET
cblr-1730	400	58	de	de	X
cblr-1730	400	59	facto	facto	X
cblr-1730	400	60	control	control	NOUN
cblr-1730	400	61	over	over	ADP
cblr-1730	400	62	the	the	DET
cblr-1730	400	63	investor	investor	NOUN
cblr-1730	400	64	’s	’s	PART
cblr-1730	400	65	account	account	NOUN
cblr-1730	400	66	establishes	establish	VERB
cblr-1730	400	67	,	,	PUNCT
cblr-1730	400	68	the	the	DET
cblr-1730	400	69	investor	investor	NOUN
cblr-1730	400	70	is	be	AUX
cblr-1730	400	71	provided	provide	VERB
cblr-1730	400	72	a	a	DET
cblr-1730	400	73	guaranteed	guarantee	VERB
cblr-1730	400	74	right	right	NOUN
cblr-1730	400	75	of	of	ADP
cblr-1730	400	76	remedy	remedy	NOUN
cblr-1730	400	77	(	(	PUNCT
cblr-1730	400	78	i.e.	i.e.	X
cblr-1730	400	79	,	,	PUNCT
cblr-1730	400	80	a	a	DET
cblr-1730	400	81	breach	breach	NOUN
cblr-1730	400	82	of	of	ADP
cblr-1730	400	83	fiduciary	fiduciary	ADJ
cblr-1730	400	84	duty	duty	NOUN
cblr-1730	400	85	)	)	PUNCT
cblr-1730	400	86	.	.	PUNCT
cblr-1730	401	1	however	however	ADV
cblr-1730	401	2	,	,	PUNCT
cblr-1730	401	3	a	a	DET
cblr-1730	401	4	unified	unified	ADJ
cblr-1730	401	5	fiduciary	fiduciary	ADJ
cblr-1730	401	6	standard	standard	NOUN
cblr-1730	401	7	ignores	ignore	VERB
cblr-1730	401	8	market	market	NOUN
cblr-1730	401	9	realities.119	realities.119	NOUN
cblr-1730	401	10	since	since	SCONJ
cblr-1730	401	11	“	"	PUNCT
cblr-1730	401	12	different	different	ADJ
cblr-1730	401	13	clients	client	NOUN
cblr-1730	401	14	have	have	VERB
cblr-1730	401	15	different	different	ADJ
cblr-1730	401	16	needs	need	NOUN
cblr-1730	401	17	and	and	CCONJ
cblr-1730	401	18	expectations,”120	expectations,”120	ADV
cblr-1730	401	19	a	a	DET
cblr-1730	401	20	one	one	NUM
cblr-1730	401	21	-	-	PUNCT
cblr-1730	401	22	size	size	NOUN
cblr-1730	401	23	-	-	PUNCT
cblr-1730	401	24	fits	fit	VERB
cblr-1730	401	25	-	-	PUNCT
cblr-1730	401	26	all	all	DET
cblr-1730	401	27	regulatory	regulatory	ADJ
cblr-1730	401	28	approach	approach	NOUN
cblr-1730	401	29	could	could	AUX
cblr-1730	401	30	negatively	negatively	ADV
cblr-1730	401	31	impact	impact	VERB
cblr-1730	401	32	market	market	NOUN
cblr-1730	401	33	efficiency	efficiency	NOUN
cblr-1730	401	34	.	.	PUNCT
cblr-1730	402	1	for	for	ADP
cblr-1730	402	2	example	example	NOUN
cblr-1730	402	3	,	,	PUNCT
cblr-1730	402	4	a	a	DET
cblr-1730	402	5	unified	unified	ADJ
cblr-1730	402	6	fiduciary	fiduciary	ADJ
cblr-1730	402	7	standard	standard	NOUN
cblr-1730	402	8	that	that	PRON
cblr-1730	402	9	requires	require	VERB
cblr-1730	402	10	ongoing	ongoing	ADJ
cblr-1730	402	11	monitoring	monitoring	NOUN
cblr-1730	402	12	of	of	ADP
cblr-1730	402	13	and	and	CCONJ
cblr-1730	402	14	advice	advice	NOUN
cblr-1730	402	15	for	for	ADP
cblr-1730	402	16	clients	client	NOUN
cblr-1730	402	17	’	'	PUNCT
cblr-1730	402	18	accounts	account	NOUN
cblr-1730	402	19	by	by	ADP
cblr-1730	402	20	all	all	DET
cblr-1730	402	21	financial	financial	ADJ
cblr-1730	402	22	advisers	adviser	NOUN
cblr-1730	402	23	could	could	AUX
cblr-1730	402	24	potentially	potentially	ADV
cblr-1730	402	25	result	result	VERB
cblr-1730	402	26	in	in	ADP
cblr-1730	402	27	a	a	DET
cblr-1730	402	28	fairly	fairly	ADV
cblr-1730	402	29	uniform	uniform	ADJ
cblr-1730	402	30	compensation	compensation	NOUN
cblr-1730	402	31	structure	structure	NOUN
cblr-1730	402	32	that	that	PRON
cblr-1730	402	33	mirrors	mirror	VERB
cblr-1730	402	34	the	the	DET
cblr-1730	402	35	current	current	ADJ
cblr-1730	402	36	compensation	compensation	NOUN
cblr-1730	402	37	structure	structure	NOUN
cblr-1730	402	38	of	of	ADP
cblr-1730	402	39	advisers	adviser	NOUN
cblr-1730	402	40	.	.	PUNCT
cblr-1730	403	1	however	however	ADV
cblr-1730	403	2	,	,	PUNCT
cblr-1730	403	3	investors	investor	NOUN
cblr-1730	403	4	who	who	PRON
cblr-1730	403	5	trade	trade	VERB
cblr-1730	403	6	rarely	rarely	ADV
cblr-1730	403	7	or	or	CCONJ
cblr-1730	403	8	do	do	VERB
cblr-1730	403	9	so	so	ADV
cblr-1730	403	10	based	base	VERB
cblr-1730	403	11	on	on	ADP
cblr-1730	403	12	their	their	PRON
cblr-1730	403	13	own	own	ADJ
cblr-1730	403	14	research	research	NOUN
cblr-1730	403	15	would	would	AUX
cblr-1730	403	16	desire	desire	VERB
cblr-1730	403	17	to	to	PART
cblr-1730	403	18	make	make	VERB
cblr-1730	403	19	commission	commission	NOUN
cblr-1730	403	20	payments	payment	NOUN
cblr-1730	403	21	tied	tie	VERB
cblr-1730	403	22	to	to	ADP
cblr-1730	403	23	each	each	DET
cblr-1730	403	24	transaction	transaction	NOUN
cblr-1730	403	25	rather	rather	ADV
cblr-1730	403	26	than	than	ADP
cblr-1730	403	27	to	to	ADP
cblr-1730	403	28	an	an	DET
cblr-1730	403	29	annual	annual	ADJ
cblr-1730	403	30	flat	flat	ADJ
cblr-1730	403	31	management	management	NOUN
cblr-1730	403	32	fee	fee	NOUN
cblr-1730	403	33	or	or	CCONJ
cblr-1730	403	34	a	a	DET
cblr-1730	403	35	percentage	percentage	NOUN
cblr-1730	403	36	of	of	ADP
cblr-1730	403	37	assets	asset	NOUN
cblr-1730	403	38	managed	manage	VERB
cblr-1730	403	39	,	,	PUNCT
cblr-1730	403	40	which	which	PRON
cblr-1730	403	41	would	would	AUX
cblr-1730	403	42	likely	likely	ADV
cblr-1730	403	43	be	be	AUX
cblr-1730	403	44	unwarranted	unwarranted	ADJ
cblr-1730	403	45	given	give	VERB
cblr-1730	403	46	the	the	DET
cblr-1730	403	47	level	level	NOUN
cblr-1730	403	48	of	of	ADP
cblr-1730	403	49	service	service	NOUN
cblr-1730	403	50	being	be	AUX
cblr-1730	403	51	provided	provide	VERB
cblr-1730	403	52	to	to	ADP
cblr-1730	403	53	them	they	PRON
cblr-1730	403	54	.	.	PUNCT
cblr-1730	404	1	it	it	PRON
cblr-1730	404	2	is	be	AUX
cblr-1730	404	3	likely	likely	ADJ
cblr-1730	404	4	that	that	SCONJ
cblr-1730	404	5	these	these	DET
cblr-1730	404	6	investors	investor	NOUN
cblr-1730	404	7	would	would	AUX
cblr-1730	404	8	be	be	AUX
cblr-1730	404	9	willing	willing	ADJ
cblr-1730	404	10	to	to	PART
cblr-1730	404	11	accept	accept	VERB
cblr-1730	404	12	a	a	DET
cblr-1730	404	13	lower	low	ADJ
cblr-1730	404	14	standard	standard	NOUN
cblr-1730	404	15	of	of	ADP
cblr-1730	404	16	protection	protection	NOUN
cblr-1730	404	17	in	in	ADP
cblr-1730	404	18	return	return	NOUN
cblr-1730	404	19	.	.	PUNCT
cblr-1730	405	1	116	116	NUM
cblr-1730	405	2	edwards	edwards	PROPN
cblr-1730	405	3	,	,	PUNCT
cblr-1730	405	4	supra	supra	PROPN
cblr-1730	405	5	note	note	NOUN
cblr-1730	405	6	2	2	NUM
cblr-1730	405	7	,	,	PUNCT
cblr-1730	405	8	at	at	ADP
cblr-1730	405	9	106	106	NUM
cblr-1730	405	10	.	.	PUNCT
cblr-1730	405	11	117	117	NUM
cblr-1730	405	12	sec	sec	PROPN
cblr-1730	405	13	study	study	NOUN
cblr-1730	405	14	,	,	PUNCT
cblr-1730	405	15	supra	supra	PROPN
cblr-1730	405	16	note	note	PROPN
cblr-1730	405	17	6	6	NUM
cblr-1730	405	18	,	,	PUNCT
cblr-1730	405	19	at	at	ADP
cblr-1730	405	20	112–13	112–13	NUM
cblr-1730	405	21	;	;	PUNCT
cblr-1730	405	22	lazaro	lazaro	PROPN
cblr-1730	405	23	supra	supra	PROPN
cblr-1730	405	24	note	note	PROPN
cblr-1730	405	25	17	17	NUM
cblr-1730	405	26	,	,	PUNCT
cblr-1730	405	27	at	at	ADP
cblr-1730	405	28	409	409	NUM
cblr-1730	405	29	.	.	PUNCT
cblr-1730	406	1	118	118	NUM
cblr-1730	406	2	investment	investment	NOUN
cblr-1730	406	3	advisers	adviser	NOUN
cblr-1730	406	4	act	act	VERB
cblr-1730	406	5	of	of	ADP
cblr-1730	406	6	1940	1940	NUM
cblr-1730	406	7	,	,	PUNCT
cblr-1730	406	8	15	15	NUM
cblr-1730	406	9	u.s.c	u.s.c	NOUN
cblr-1730	406	10	.	.	PUNCT
cblr-1730	407	1	§	§	PROPN
cblr-1730	407	2	80b-6(3	80b-6(3	NUM
cblr-1730	407	3	)	)	PUNCT
cblr-1730	407	4	(	(	PUNCT
cblr-1730	407	5	2012	2012	NUM
cblr-1730	407	6	)	)	PUNCT
cblr-1730	407	7	(	(	PUNCT
cblr-1730	407	8	requiring	require	VERB
cblr-1730	407	9	brokers	broker	NOUN
cblr-1730	407	10	to	to	PART
cblr-1730	407	11	both	both	PRON
cblr-1730	407	12	disclose	disclose	VERB
cblr-1730	407	13	,	,	PUNCT
cblr-1730	407	14	in	in	ADP
cblr-1730	407	15	writing	writing	NOUN
cblr-1730	407	16	,	,	PUNCT
cblr-1730	407	17	the	the	DET
cblr-1730	407	18	capacity	capacity	NOUN
cblr-1730	407	19	in	in	ADP
cblr-1730	407	20	which	which	PRON
cblr-1730	407	21	they	they	PRON
cblr-1730	407	22	are	be	AUX
cblr-1730	407	23	acting	act	VERB
cblr-1730	407	24	and	and	CCONJ
cblr-1730	407	25	obtain	obtain	VERB
cblr-1730	407	26	consent	consent	NOUN
cblr-1730	407	27	from	from	ADP
cblr-1730	407	28	their	their	PRON
cblr-1730	407	29	client	client	NOUN
cblr-1730	407	30	before	before	SCONJ
cblr-1730	407	31	they	they	PRON
cblr-1730	407	32	can	can	AUX
cblr-1730	407	33	enact	enact	VERB
cblr-1730	407	34	any	any	DET
cblr-1730	407	35	purchase	purchase	NOUN
cblr-1730	407	36	or	or	CCONJ
cblr-1730	407	37	sale	sale	NOUN
cblr-1730	407	38	of	of	ADP
cblr-1730	407	39	securities	security	NOUN
cblr-1730	407	40	involving	involve	VERB
cblr-1730	407	41	their	their	PRON
cblr-1730	407	42	account	account	NOUN
cblr-1730	407	43	)	)	PUNCT
cblr-1730	407	44	.	.	PUNCT
cblr-1730	408	1	119	119	NUM
cblr-1730	408	2	lazaro	lazaro	NOUN
cblr-1730	408	3	,	,	PUNCT
cblr-1730	408	4	supra	supra	PROPN
cblr-1730	408	5	note	note	NOUN
cblr-1730	408	6	17	17	NUM
cblr-1730	408	7	,	,	PUNCT
cblr-1730	408	8	at	at	ADP
cblr-1730	408	9	384	384	NUM
cblr-1730	408	10	.	.	PUNCT
cblr-1730	408	11	120	120	NUM
cblr-1730	408	12	i	i	PROPN
cblr-1730	408	13	d.	d.	PROPN
cblr-1730	408	14	at	at	ADP
cblr-1730	408	15	384	384	NUM
cblr-1730	408	16	.	.	PUNCT
cblr-1730	409	1	smith	smith	PROPN
cblr-1730	409	2	–	–	PUNCT
cblr-1730	409	3	final	final	ADJ
cblr-1730	409	4	1230	1230	NUM
cblr-1730	409	5	columbia	columbia	PROPN
cblr-1730	409	6	business	business	NOUN
cblr-1730	409	7	law	law	PROPN
cblr-1730	409	8	review	review	NOUN
cblr-1730	409	9	[	[	X
cblr-1730	409	10	vol	vol	NOUN
cblr-1730	409	11	.	.	NOUN
cblr-1730	409	12	2017	2017	NUM
cblr-1730	409	13	as	as	ADP
cblr-1730	409	14	a	a	DET
cblr-1730	409	15	practical	practical	ADJ
cblr-1730	409	16	matter	matter	NOUN
cblr-1730	409	17	,	,	PUNCT
cblr-1730	409	18	it	it	PRON
cblr-1730	409	19	would	would	AUX
cblr-1730	409	20	be	be	AUX
cblr-1730	409	21	extremely	extremely	ADV
cblr-1730	409	22	costly	costly	ADJ
cblr-1730	409	23	,	,	PUNCT
cblr-1730	409	24	if	if	SCONJ
cblr-1730	409	25	not	not	PART
cblr-1730	409	26	impossible	impossible	ADJ
cblr-1730	409	27	,	,	PUNCT
cblr-1730	409	28	for	for	SCONJ
cblr-1730	409	29	online	online	ADJ
cblr-1730	409	30	brokerage	brokerage	NOUN
cblr-1730	409	31	firms	firm	NOUN
cblr-1730	409	32	to	to	PART
cblr-1730	409	33	ensure	ensure	VERB
cblr-1730	409	34	that	that	SCONJ
cblr-1730	409	35	all	all	PRON
cblr-1730	409	36	of	of	ADP
cblr-1730	409	37	the	the	DET
cblr-1730	409	38	information	information	NOUN
cblr-1730	409	39	provided	provide	VERB
cblr-1730	409	40	on	on	ADP
cblr-1730	409	41	an	an	DET
cblr-1730	409	42	online	online	ADJ
cblr-1730	409	43	platform	platform	NOUN
cblr-1730	409	44	is	be	AUX
cblr-1730	409	45	in	in	ADP
cblr-1730	409	46	each	each	DET
cblr-1730	409	47	individual	individual	ADJ
cblr-1730	409	48	client	client	NOUN
cblr-1730	409	49	’s	’s	PART
cblr-1730	409	50	best	good	ADJ
cblr-1730	409	51	interests	interest	NOUN
cblr-1730	409	52	and	and	CCONJ
cblr-1730	409	53	that	that	SCONJ
cblr-1730	409	54	each	each	DET
cblr-1730	409	55	online	online	ADJ
cblr-1730	409	56	account	account	NOUN
cblr-1730	409	57	is	be	AUX
cblr-1730	409	58	constantly	constantly	ADV
cblr-1730	409	59	monitored	monitor	VERB
cblr-1730	409	60	.	.	PUNCT
cblr-1730	410	1	this	this	DET
cblr-1730	410	2	burden	burden	NOUN
cblr-1730	410	3	,	,	PUNCT
cblr-1730	410	4	if	if	SCONJ
cblr-1730	410	5	legally	legally	ADV
cblr-1730	410	6	mandated	mandate	VERB
cblr-1730	410	7	through	through	ADP
cblr-1730	410	8	fiduciary	fiduciary	ADJ
cblr-1730	410	9	obligations	obligation	NOUN
cblr-1730	410	10	,	,	PUNCT
cblr-1730	410	11	could	could	AUX
cblr-1730	410	12	result	result	VERB
cblr-1730	410	13	in	in	ADP
cblr-1730	410	14	cost	cost	NOUN
cblr-1730	410	15	shifting	shift	VERB
cblr-1730	410	16	to	to	ADP
cblr-1730	410	17	investors	investor	NOUN
cblr-1730	410	18	,	,	PUNCT
cblr-1730	410	19	which	which	PRON
cblr-1730	410	20	,	,	PUNCT
cblr-1730	410	21	as	as	SCONJ
cblr-1730	410	22	outlined	outline	VERB
cblr-1730	410	23	in	in	ADP
cblr-1730	410	24	the	the	DET
cblr-1730	410	25	preceding	precede	VERB
cblr-1730	410	26	paragraph	paragraph	NOUN
cblr-1730	410	27	,	,	PUNCT
cblr-1730	410	28	would	would	AUX
cblr-1730	410	29	make	make	VERB
cblr-1730	410	30	trading	trading	NOUN
cblr-1730	410	31	inefficient	inefficient	ADJ
cblr-1730	410	32	for	for	ADP
cblr-1730	410	33	consumers	consumer	NOUN
cblr-1730	410	34	and	and	CCONJ
cblr-1730	410	35	reduce	reduce	VERB
cblr-1730	410	36	potential	potential	ADJ
cblr-1730	410	37	margins	margin	NOUN
cblr-1730	410	38	for	for	ADP
cblr-1730	410	39	gain	gain	NOUN
cblr-1730	410	40	.	.	PUNCT
cblr-1730	411	1	these	these	DET
cblr-1730	411	2	efficiency	efficiency	NOUN
cblr-1730	411	3	and	and	CCONJ
cblr-1730	411	4	practical	practical	ADJ
cblr-1730	411	5	concerns	concern	NOUN
cblr-1730	411	6	have	have	AUX
cblr-1730	411	7	led	lead	VERB
cblr-1730	411	8	some	some	PRON
cblr-1730	411	9	,	,	PUNCT
cblr-1730	411	10	including	include	VERB
cblr-1730	411	11	the	the	DET
cblr-1730	411	12	sec	sec	PROPN
cblr-1730	411	13	,	,	PUNCT
cblr-1730	411	14	to	to	PART
cblr-1730	411	15	suggest	suggest	VERB
cblr-1730	411	16	what	what	PRON
cblr-1730	411	17	may	may	AUX
cblr-1730	411	18	be	be	AUX
cblr-1730	411	19	classified	classify	VERB
cblr-1730	411	20	as	as	ADP
cblr-1730	411	21	a	a	DET
cblr-1730	411	22	semiunified	semiunified	ADJ
cblr-1730	411	23	standard.121	standard.121	NOUN
cblr-1730	411	24	although	although	SCONJ
cblr-1730	411	25	the	the	DET
cblr-1730	411	26	sec	sec	PROPN
cblr-1730	411	27	has	have	AUX
cblr-1730	411	28	proposed	propose	VERB
cblr-1730	411	29	a	a	DET
cblr-1730	411	30	unified	unified	ADJ
cblr-1730	411	31	standard	standard	NOUN
cblr-1730	411	32	where	where	SCONJ
cblr-1730	411	33	all	all	DET
cblr-1730	411	34	financial	financial	ADJ
cblr-1730	411	35	advisers	adviser	NOUN
cblr-1730	411	36	,	,	PUNCT
cblr-1730	411	37	including	include	VERB
cblr-1730	411	38	brokers	broker	NOUN
cblr-1730	411	39	,	,	PUNCT
cblr-1730	411	40	are	be	AUX
cblr-1730	411	41	subject	subject	ADJ
cblr-1730	411	42	to	to	ADP
cblr-1730	411	43	the	the	DET
cblr-1730	411	44	fiduciary	fiduciary	ADJ
cblr-1730	411	45	duties	duty	NOUN
cblr-1730	411	46	of	of	ADP
cblr-1730	411	47	care	care	NOUN
cblr-1730	411	48	and	and	CCONJ
cblr-1730	411	49	loyalty,122	loyalty,122	NOUN
cblr-1730	411	50	it	it	PRON
cblr-1730	411	51	maintained	maintain	VERB
cblr-1730	411	52	several	several	ADJ
cblr-1730	411	53	key	key	ADJ
cblr-1730	411	54	distinctions	distinction	NOUN
cblr-1730	411	55	in	in	ADP
cblr-1730	411	56	the	the	DET
cblr-1730	411	57	rights	right	NOUN
cblr-1730	411	58	of	of	ADP
cblr-1730	411	59	customers	customer	NOUN
cblr-1730	411	60	against	against	ADP
cblr-1730	411	61	brokers	broker	NOUN
cblr-1730	411	62	and	and	CCONJ
cblr-1730	411	63	advisers.123	advisers.123	NOUN
cblr-1730	411	64	first	first	ADV
cblr-1730	411	65	,	,	PUNCT
cblr-1730	411	66	the	the	DET
cblr-1730	411	67	sec	sec	PROPN
cblr-1730	411	68	determined	determine	VERB
cblr-1730	411	69	that	that	SCONJ
cblr-1730	411	70	commission	commission	NOUN
cblr-1730	411	71	-	-	PUNCT
cblr-1730	411	72	based	base	VERB
cblr-1730	411	73	compensation	compensation	NOUN
cblr-1730	411	74	would	would	AUX
cblr-1730	411	75	not	not	PART
cblr-1730	411	76	violate	violate	VERB
cblr-1730	411	77	the	the	DET
cblr-1730	411	78	fiduciary	fiduciary	ADJ
cblr-1730	411	79	duty	duty	NOUN
cblr-1730	411	80	of	of	ADP
cblr-1730	411	81	loyalty	loyalty	NOUN
cblr-1730	411	82	in	in	ADP
cblr-1730	411	83	its	its	PRON
cblr-1730	411	84	proposed	propose	VERB
cblr-1730	411	85	standard.124	standard.124	NOUN
cblr-1730	411	86	second	second	ADJ
cblr-1730	411	87	,	,	PUNCT
cblr-1730	411	88	the	the	DET
cblr-1730	411	89	sec	sec	PROPN
cblr-1730	411	90	’s	’s	PART
cblr-1730	411	91	standard	standard	NOUN
cblr-1730	411	92	would	would	AUX
cblr-1730	411	93	not	not	PART
cblr-1730	411	94	bind	bind	VERB
cblr-1730	411	95	brokers	broker	NOUN
cblr-1730	411	96	to	to	ADP
cblr-1730	411	97	the	the	DET
cblr-1730	411	98	continuing	continue	VERB
cblr-1730	411	99	duties	duty	NOUN
cblr-1730	411	100	of	of	ADP
cblr-1730	411	101	loyalty	loyalty	NOUN
cblr-1730	411	102	and	and	CCONJ
cblr-1730	411	103	care	care	NOUN
cblr-1730	411	104	after	after	ADP
cblr-1730	411	105	providing	provide	VERB
cblr-1730	411	106	investment	investment	NOUN
cblr-1730	411	107	advice.125	advice.125	CCONJ
cblr-1730	411	108	this	this	PRON
cblr-1730	411	109	is	be	AUX
cblr-1730	411	110	a	a	DET
cblr-1730	411	111	major	major	ADJ
cblr-1730	411	112	departure	departure	NOUN
cblr-1730	411	113	from	from	ADP
cblr-1730	411	114	the	the	DET
cblr-1730	411	115	case	case	NOUN
cblr-1730	411	116	law	law	NOUN
cblr-1730	411	117	,	,	PUNCT
cblr-1730	411	118	which	which	PRON
cblr-1730	411	119	holds	hold	VERB
cblr-1730	411	120	that	that	SCONJ
cblr-1730	411	121	fiduciary	fiduciary	ADJ
cblr-1730	411	122	obligations	obligation	NOUN
cblr-1730	411	123	bind	bind	VERB
cblr-1730	411	124	advisers	adviser	NOUN
cblr-1730	411	125	such	such	ADJ
cblr-1730	411	126	that	that	SCONJ
cblr-1730	411	127	they	they	PRON
cblr-1730	411	128	must	must	AUX
cblr-1730	411	129	provide	provide	VERB
cblr-1730	411	130	ongoing	ongoing	ADJ
cblr-1730	411	131	advisory	advisory	NOUN
cblr-1730	411	132	and	and	CCONJ
cblr-1730	411	133	monitoring	monitoring	NOUN
cblr-1730	411	134	services.126	services.126	NOUN
cblr-1730	411	135	in	in	ADP
cblr-1730	411	136	fact	fact	NOUN
cblr-1730	411	137	,	,	PUNCT
cblr-1730	411	138	the	the	DET
cblr-1730	411	139	sec	sec	PROPN
cblr-1730	411	140	effectively	effectively	ADV
cblr-1730	411	141	suggests	suggest	VERB
cblr-1730	411	142	that	that	SCONJ
cblr-1730	411	143	its	its	PRON
cblr-1730	411	144	unified	unified	ADJ
cblr-1730	411	145	standard	standard	NOUN
cblr-1730	411	146	would	would	AUX
cblr-1730	411	147	not	not	PART
cblr-1730	411	148	require	require	VERB
cblr-1730	411	149	brokers	broker	NOUN
cblr-1730	411	150	to	to	PART
cblr-1730	411	151	provide	provide	VERB
cblr-1730	411	152	ongoing	ongoing	ADJ
cblr-1730	411	153	advice	advice	NOUN
cblr-1730	411	154	because	because	SCONJ
cblr-1730	411	155	,	,	PUNCT
cblr-1730	411	156	unlike	unlike	ADP
cblr-1730	411	157	advisers	adviser	NOUN
cblr-1730	411	158	,	,	PUNCT
cblr-1730	411	159	brokers	broker	NOUN
cblr-1730	411	160	would	would	AUX
cblr-1730	411	161	not	not	PART
cblr-1730	411	162	have	have	VERB
cblr-1730	411	163	continuing	continue	VERB
cblr-1730	411	164	duties	duty	NOUN
cblr-1730	411	165	of	of	ADP
cblr-1730	411	166	loyalty	loyalty	NOUN
cblr-1730	411	167	and	and	CCONJ
cblr-1730	411	168	care	care	VERB
cblr-1730	411	169	under	under	ADP
cblr-1730	411	170	the	the	DET
cblr-1730	411	171	sec	sec	PROPN
cblr-1730	411	172	’s	’s	PART
cblr-1730	411	173	proposed	propose	VERB
cblr-1730	411	174	unified	unified	ADJ
cblr-1730	411	175	fiduciary	fiduciary	ADJ
cblr-1730	411	176	standard.127	standard.127	CCONJ
cblr-1730	411	177	the	the	DET
cblr-1730	411	178	sec	sec	PROPN
cblr-1730	411	179	’s	’s	PART
cblr-1730	411	180	semi	semi	ADJ
cblr-1730	411	181	-	-	ADJ
cblr-1730	411	182	unified	unified	ADJ
cblr-1730	411	183	standard	standard	NOUN
cblr-1730	411	184	is	be	AUX
cblr-1730	411	185	designed	design	VERB
cblr-1730	411	186	to	to	PART
cblr-1730	411	187	better	well	ADJ
cblr-1730	411	188	balance	balance	NOUN
cblr-1730	411	189	investors	investor	NOUN
cblr-1730	411	190	’	'	PUNCT
cblr-1730	411	191	practical	practical	ADJ
cblr-1730	411	192	needs	need	NOUN
cblr-1730	411	193	and	and	CCONJ
cblr-1730	411	194	desires	desire	NOUN
cblr-1730	411	195	for	for	ADP
cblr-1730	411	196	access	access	NOUN
cblr-1730	411	197	to	to	ADP
cblr-1730	411	198	low	low	ADJ
cblr-1730	411	199	121	121	NUM
cblr-1730	411	200	see	see	VERB
cblr-1730	411	201	i	i	PRON
cblr-1730	411	202	d.	d.	PROPN
cblr-1730	411	203	at	at	ADP
cblr-1730	411	204	409–10	409–10	PROPN
cblr-1730	411	205	.	.	PROPN
cblr-1730	412	1	122	122	NUM
cblr-1730	412	2	sec	sec	PROPN
cblr-1730	412	3	study	study	NOUN
cblr-1730	412	4	,	,	PUNCT
cblr-1730	412	5	supra	supra	PROPN
cblr-1730	412	6	note	note	PROPN
cblr-1730	412	7	6	6	NUM
cblr-1730	412	8	,	,	PUNCT
cblr-1730	412	9	at	at	ADP
cblr-1730	412	10	107	107	NUM
cblr-1730	412	11	,	,	PUNCT
cblr-1730	412	12	110–11	110–11	NUM
cblr-1730	412	13	.	.	PROPN
cblr-1730	412	14	123	123	NUM
cblr-1730	412	15	i	i	PRON
cblr-1730	412	16	d.	d.	VERB
cblr-1730	412	17	at	at	ADP
cblr-1730	412	18	133	133	NUM
cblr-1730	412	19	.	.	PUNCT
cblr-1730	413	1	see	see	VERB
cblr-1730	413	2	also	also	ADV
cblr-1730	413	3	lazaro	lazaro	NOUN
cblr-1730	413	4	,	,	PUNCT
cblr-1730	413	5	supra	supra	PROPN
cblr-1730	413	6	note	note	NOUN
cblr-1730	413	7	17	17	NUM
cblr-1730	413	8	,	,	PUNCT
cblr-1730	413	9	at	at	ADP
cblr-1730	413	10	409–10	409–10	PROPN
cblr-1730	413	11	.	.	PROPN
cblr-1730	414	1	124	124	NUM
cblr-1730	414	2	see	see	VERB
cblr-1730	414	3	sec	sec	PROPN
cblr-1730	414	4	study	study	NOUN
cblr-1730	414	5	,	,	PUNCT
cblr-1730	414	6	supra	supra	PROPN
cblr-1730	414	7	note	note	PROPN
cblr-1730	414	8	6	6	NUM
cblr-1730	414	9	,	,	PUNCT
cblr-1730	414	10	at	at	ADP
cblr-1730	414	11	113	113	NUM
cblr-1730	414	12	.	.	PUNCT
cblr-1730	415	1	125	125	NUM
cblr-1730	415	2	i	i	NOUN
cblr-1730	415	3	d.	d.	PROPN
cblr-1730	415	4	126	126	NUM
cblr-1730	415	5	see	see	VERB
cblr-1730	415	6	lazaro	lazaro	NOUN
cblr-1730	415	7	,	,	PUNCT
cblr-1730	415	8	supra	supra	PROPN
cblr-1730	415	9	note	note	NOUN
cblr-1730	415	10	17	17	NUM
cblr-1730	415	11	,	,	PUNCT
cblr-1730	415	12	at	at	ADP
cblr-1730	415	13	382	382	NUM
cblr-1730	415	14	,	,	PUNCT
cblr-1730	415	15	409	409	NUM
cblr-1730	415	16	.	.	PUNCT
cblr-1730	416	1	127	127	NUM
cblr-1730	416	2	see	see	VERB
cblr-1730	416	3	sec	sec	PROPN
cblr-1730	416	4	study	study	NOUN
cblr-1730	416	5	,	,	PUNCT
cblr-1730	416	6	supra	supra	PROPN
cblr-1730	416	7	note	note	PROPN
cblr-1730	416	8	6	6	NUM
cblr-1730	416	9	,	,	PUNCT
cblr-1730	416	10	at	at	ADP
cblr-1730	416	11	113	113	NUM
cblr-1730	416	12	.	.	PUNCT
cblr-1730	417	1	see	see	VERB
cblr-1730	417	2	also	also	ADV
cblr-1730	417	3	lazaro	lazaro	NOUN
cblr-1730	417	4	,	,	PUNCT
cblr-1730	417	5	supra	supra	PROPN
cblr-1730	417	6	note	note	NOUN
cblr-1730	417	7	17	17	NUM
cblr-1730	417	8	,	,	PUNCT
cblr-1730	417	9	at	at	ADP
cblr-1730	417	10	409	409	NUM
cblr-1730	417	11	.	.	PUNCT
cblr-1730	418	1	smith	smith	PROPN
cblr-1730	418	2	–	–	PUNCT
cblr-1730	418	3	final	final	ADJ
cblr-1730	418	4	no	no	NOUN
cblr-1730	418	5	.	.	PUNCT
cblr-1730	419	1	3:1200	3:1200	NUM
cblr-1730	419	2	]	]	X
cblr-1730	419	3	a	a	DET
cblr-1730	419	4	uniform	uniform	ADJ
cblr-1730	419	5	fiduciary	fiduciary	ADJ
cblr-1730	419	6	duty	duty	NOUN
cblr-1730	419	7	1231	1231	NUM
cblr-1730	419	8	cost	cost	NOUN
cblr-1730	419	9	investment	investment	NOUN
cblr-1730	419	10	products	product	NOUN
cblr-1730	419	11	and	and	CCONJ
cblr-1730	419	12	services	service	NOUN
cblr-1730	419	13	with	with	ADP
cblr-1730	419	14	the	the	DET
cblr-1730	419	15	goals	goal	NOUN
cblr-1730	419	16	of	of	ADP
cblr-1730	419	17	reducing	reduce	VERB
cblr-1730	419	18	consumer	consumer	NOUN
cblr-1730	419	19	confusion	confusion	NOUN
cblr-1730	419	20	and	and	CCONJ
cblr-1730	419	21	increasing	increase	VERB
cblr-1730	419	22	investor	investor	NOUN
cblr-1730	419	23	protections	protection	NOUN
cblr-1730	419	24	and	and	CCONJ
cblr-1730	419	25	market	market	NOUN
cblr-1730	419	26	efficiency	efficiency	NOUN
cblr-1730	419	27	.	.	PUNCT
cblr-1730	420	1	without	without	ADP
cblr-1730	420	2	mandatory	mandatory	ADJ
cblr-1730	420	3	duties	duty	NOUN
cblr-1730	420	4	to	to	PART
cblr-1730	420	5	continually	continually	ADV
cblr-1730	420	6	monitor	monitor	VERB
cblr-1730	420	7	investors	investor	NOUN
cblr-1730	420	8	’	'	PUNCT
cblr-1730	420	9	accounts	account	VERB
cblr-1730	420	10	or	or	CCONJ
cblr-1730	420	11	provide	provide	VERB
cblr-1730	420	12	advice	advice	NOUN
cblr-1730	420	13	,	,	PUNCT
cblr-1730	420	14	and	and	CCONJ
cblr-1730	420	15	with	with	ADP
cblr-1730	420	16	the	the	DET
cblr-1730	420	17	allowance	allowance	NOUN
cblr-1730	420	18	of	of	ADP
cblr-1730	420	19	commission	commission	NOUN
cblr-1730	420	20	-	-	PUNCT
cblr-1730	420	21	based	base	VERB
cblr-1730	420	22	compensation	compensation	NOUN
cblr-1730	420	23	,	,	PUNCT
cblr-1730	420	24	the	the	DET
cblr-1730	420	25	infrequent	infrequent	ADJ
cblr-1730	420	26	investor	investor	NOUN
cblr-1730	420	27	can	can	AUX
cblr-1730	420	28	efficiently	efficiently	ADV
cblr-1730	420	29	trade	trade	VERB
cblr-1730	420	30	a	a	DET
cblr-1730	420	31	reduced	reduced	ADJ
cblr-1730	420	32	level	level	NOUN
cblr-1730	420	33	of	of	ADP
cblr-1730	420	34	protection	protection	NOUN
cblr-1730	420	35	for	for	ADP
cblr-1730	420	36	a	a	DET
cblr-1730	420	37	lower	low	ADJ
cblr-1730	420	38	cost	cost	NOUN
cblr-1730	420	39	service	service	NOUN
cblr-1730	420	40	.	.	PUNCT
cblr-1730	421	1	similarly	similarly	ADV
cblr-1730	421	2	,	,	PUNCT
cblr-1730	421	3	online	online	ADJ
cblr-1730	421	4	platforms	platform	NOUN
cblr-1730	421	5	would	would	AUX
cblr-1730	421	6	not	not	PART
cblr-1730	421	7	face	face	VERB
cblr-1730	421	8	such	such	ADJ
cblr-1730	421	9	high	high	ADJ
cblr-1730	421	10	monitoring	monitoring	NOUN
cblr-1730	421	11	costs	cost	NOUN
cblr-1730	421	12	,	,	PUNCT
cblr-1730	421	13	and	and	CCONJ
cblr-1730	421	14	,	,	PUNCT
cblr-1730	421	15	as	as	ADP
cblr-1730	421	16	a	a	DET
cblr-1730	421	17	result	result	NOUN
cblr-1730	421	18	,	,	PUNCT
cblr-1730	421	19	less	less	ADV
cblr-1730	421	20	costshifting	costshifte	VERB
cblr-1730	421	21	to	to	ADP
cblr-1730	421	22	the	the	DET
cblr-1730	421	23	investor	investor	NOUN
cblr-1730	421	24	would	would	AUX
cblr-1730	421	25	occur	occur	VERB
cblr-1730	421	26	.	.	PUNCT
cblr-1730	422	1	however	however	ADV
cblr-1730	422	2	,	,	PUNCT
cblr-1730	422	3	this	this	DET
cblr-1730	422	4	semi	semi	ADJ
cblr-1730	422	5	-	-	ADJ
cblr-1730	422	6	unified	unified	ADJ
cblr-1730	422	7	standard	standard	NOUN
cblr-1730	422	8	is	be	AUX
cblr-1730	422	9	clearly	clearly	ADV
cblr-1730	422	10	a	a	DET
cblr-1730	422	11	trade	trade	NOUN
cblr-1730	422	12	-	-	PUNCT
cblr-1730	422	13	off	off	NOUN
cblr-1730	422	14	.	.	PUNCT
cblr-1730	423	1	so	so	ADV
cblr-1730	423	2	long	long	ADV
cblr-1730	423	3	as	as	SCONJ
cblr-1730	423	4	the	the	DET
cblr-1730	423	5	fiduciary	fiduciary	ADJ
cblr-1730	423	6	duties	duty	NOUN
cblr-1730	423	7	and	and	CCONJ
cblr-1730	423	8	related	related	ADJ
cblr-1730	423	9	obligations	obligation	NOUN
cblr-1730	423	10	imposed	impose	VERB
cblr-1730	423	11	on	on	ADP
cblr-1730	423	12	financial	financial	ADJ
cblr-1730	423	13	advisers	adviser	NOUN
cblr-1730	423	14	differ	differ	VERB
cblr-1730	423	15	as	as	ADP
cblr-1730	423	16	to	to	ADP
cblr-1730	423	17	advisers	adviser	NOUN
cblr-1730	423	18	,	,	PUNCT
cblr-1730	423	19	brokers	broker	NOUN
cblr-1730	423	20	,	,	PUNCT
cblr-1730	423	21	and	and	CCONJ
cblr-1730	423	22	online	online	ADJ
cblr-1730	423	23	platforms	platform	NOUN
cblr-1730	423	24	,	,	PUNCT
cblr-1730	423	25	there	there	PRON
cblr-1730	423	26	will	will	AUX
cblr-1730	423	27	be	be	AUX
cblr-1730	423	28	consumer	consumer	NOUN
cblr-1730	423	29	confusion	confusion	NOUN
cblr-1730	423	30	.	.	PUNCT
cblr-1730	424	1	under	under	ADP
cblr-1730	424	2	the	the	DET
cblr-1730	424	3	sec	sec	PROPN
cblr-1730	424	4	’s	’s	PART
cblr-1730	424	5	semi	semi	ADJ
cblr-1730	424	6	-	-	ADJ
cblr-1730	424	7	unified	unified	ADJ
cblr-1730	424	8	standard	standard	NOUN
cblr-1730	424	9	,	,	PUNCT
cblr-1730	424	10	investors	investor	NOUN
cblr-1730	424	11	will	will	AUX
cblr-1730	424	12	still	still	ADV
cblr-1730	424	13	struggle	struggle	VERB
cblr-1730	424	14	to	to	PART
cblr-1730	424	15	understand	understand	VERB
cblr-1730	424	16	which	which	PRON
cblr-1730	424	17	financial	financial	ADJ
cblr-1730	424	18	advisers	adviser	NOUN
cblr-1730	424	19	have	have	VERB
cblr-1730	424	20	ongoing	ongoing	ADJ
cblr-1730	424	21	duties	duty	NOUN
cblr-1730	424	22	to	to	PART
cblr-1730	424	23	monitor	monitor	VERB
cblr-1730	424	24	and	and	CCONJ
cblr-1730	424	25	provide	provide	VERB
cblr-1730	424	26	advice	advice	NOUN
cblr-1730	424	27	and	and	CCONJ
cblr-1730	424	28	their	their	PRON
cblr-1730	424	29	corresponding	correspond	VERB
cblr-1730	424	30	compensation	compensation	NOUN
cblr-1730	424	31	structures	structure	NOUN
cblr-1730	424	32	.	.	PUNCT
cblr-1730	425	1	the	the	DET
cblr-1730	425	2	sec	sec	PROPN
cblr-1730	425	3	does	do	AUX
cblr-1730	425	4	not	not	PART
cblr-1730	425	5	discuss	discuss	VERB
cblr-1730	425	6	how	how	SCONJ
cblr-1730	425	7	the	the	DET
cblr-1730	425	8	absence	absence	NOUN
cblr-1730	425	9	of	of	ADP
cblr-1730	425	10	an	an	DET
cblr-1730	425	11	ongoing	ongoing	ADJ
cblr-1730	425	12	duty	duty	NOUN
cblr-1730	425	13	to	to	PART
cblr-1730	425	14	monitor	monitor	VERB
cblr-1730	425	15	and	and	CCONJ
cblr-1730	425	16	provide	provide	VERB
cblr-1730	425	17	advice	advice	NOUN
cblr-1730	425	18	would	would	AUX
cblr-1730	425	19	impact	impact	VERB
cblr-1730	425	20	investor	investor	NOUN
cblr-1730	425	21	confusion.128	confusion.128	ADP
cblr-1730	425	22	moreover	moreover	ADV
cblr-1730	425	23	,	,	PUNCT
cblr-1730	425	24	section	section	NOUN
cblr-1730	425	25	913(g	913(g	PROPN
cblr-1730	425	26	)	)	PUNCT
cblr-1730	425	27	of	of	ADP
cblr-1730	425	28	the	the	DET
cblr-1730	425	29	dodd	dodd	PROPN
cblr-1730	425	30	-	-	PUNCT
cblr-1730	425	31	frank	frank	PROPN
cblr-1730	425	32	wall	wall	PROPN
cblr-1730	425	33	street	street	PROPN
cblr-1730	425	34	reform	reform	PROPN
cblr-1730	425	35	and	and	CCONJ
cblr-1730	425	36	consumer	consumer	NOUN
cblr-1730	425	37	protection	protection	PROPN
cblr-1730	425	38	act	act	PROPN
cblr-1730	425	39	,	,	PUNCT
cblr-1730	425	40	a	a	DET
cblr-1730	425	41	regulatory	regulatory	ADJ
cblr-1730	425	42	reform	reform	NOUN
cblr-1730	425	43	act	act	NOUN
cblr-1730	425	44	aimed	aim	VERB
cblr-1730	425	45	at	at	ADP
cblr-1730	425	46	better	well	ADV
cblr-1730	425	47	protecting	protect	VERB
cblr-1730	425	48	retail	retail	ADJ
cblr-1730	425	49	consumers	consumer	NOUN
cblr-1730	425	50	and	and	CCONJ
cblr-1730	425	51	investors	investor	NOUN
cblr-1730	425	52	,	,	PUNCT
cblr-1730	425	53	required	require	VERB
cblr-1730	425	54	the	the	DET
cblr-1730	425	55	sec	sec	PROPN
cblr-1730	425	56	to	to	PART
cblr-1730	425	57	consider	consider	VERB
cblr-1730	425	58	a	a	DET
cblr-1730	425	59	fiduciary	fiduciary	ADJ
cblr-1730	425	60	standard	standard	NOUN
cblr-1730	425	61	no	no	PRON
cblr-1730	425	62	less	less	ADV
cblr-1730	425	63	rigorous	rigorous	ADJ
cblr-1730	425	64	than	than	ADP
cblr-1730	425	65	iaa	iaa	ADJ
cblr-1730	425	66	section	section	NOUN
cblr-1730	425	67	206(1	206(1	NUM
cblr-1730	425	68	)	)	PUNCT
cblr-1730	425	69	and	and	CCONJ
cblr-1730	425	70	(	(	PUNCT
cblr-1730	425	71	2	2	NUM
cblr-1730	425	72	)	)	PUNCT
cblr-1730	425	73	,	,	PUNCT
cblr-1730	425	74	but	but	CCONJ
cblr-1730	425	75	omitted	omit	VERB
cblr-1730	425	76	reference	reference	NOUN
cblr-1730	425	77	to	to	PART
cblr-1730	425	78	section	section	VERB
cblr-1730	425	79	206(3).129	206(3).129	PROPN
cblr-1730	425	80	section	section	NOUN
cblr-1730	425	81	206(3	206(3	NUM
cblr-1730	425	82	)	)	PUNCT
cblr-1730	425	83	largely	largely	ADV
cblr-1730	425	84	relates	relate	VERB
cblr-1730	425	85	to	to	ADP
cblr-1730	425	86	the	the	DET
cblr-1730	425	87	fiduciary	fiduciary	ADJ
cblr-1730	425	88	obligations	obligation	NOUN
cblr-1730	425	89	of	of	ADP
cblr-1730	425	90	financial	financial	ADJ
cblr-1730	425	91	advisers	adviser	NOUN
cblr-1730	425	92	in	in	ADP
cblr-1730	425	93	positions	position	NOUN
cblr-1730	425	94	of	of	ADP
cblr-1730	425	95	de	de	X
cblr-1730	425	96	facto	facto	X
cblr-1730	425	97	or	or	CCONJ
cblr-1730	425	98	discretionary	discretionary	ADJ
cblr-1730	425	99	control	control	NOUN
cblr-1730	425	100	over	over	ADP
cblr-1730	425	101	their	their	PRON
cblr-1730	425	102	client	client	NOUN
cblr-1730	425	103	accounts.130	accounts.130	NOUN
cblr-1730	425	104	it	it	PRON
cblr-1730	425	105	requires	require	VERB
cblr-1730	425	106	these	these	DET
cblr-1730	425	107	financial	financial	ADJ
cblr-1730	425	108	advisers	adviser	NOUN
cblr-1730	425	109	to	to	PART
cblr-1730	425	110	disclose	disclose	VERB
cblr-1730	425	111	,	,	PUNCT
cblr-1730	425	112	in	in	ADP
cblr-1730	425	113	writing	writing	NOUN
cblr-1730	425	114	,	,	PUNCT
cblr-1730	425	115	the	the	DET
cblr-1730	425	116	capacity	capacity	NOUN
cblr-1730	425	117	in	in	ADP
cblr-1730	425	118	which	which	PRON
cblr-1730	425	119	they	they	PRON
cblr-1730	425	120	are	be	AUX
cblr-1730	425	121	acting	act	VERB
cblr-1730	425	122	and	and	CCONJ
cblr-1730	425	123	to	to	PART
cblr-1730	425	124	obtain	obtain	VERB
cblr-1730	425	125	client	client	NOUN
cblr-1730	425	126	consent	consent	NOUN
cblr-1730	425	127	before	before	SCONJ
cblr-1730	425	128	they	they	PRON
cblr-1730	425	129	can	can	AUX
cblr-1730	425	130	enact	enact	VERB
cblr-1730	425	131	any	any	DET
cblr-1730	425	132	purchase	purchase	NOUN
cblr-1730	425	133	or	or	CCONJ
cblr-1730	425	134	sale	sale	NOUN
cblr-1730	425	135	of	of	ADP
cblr-1730	425	136	securities	security	NOUN
cblr-1730	425	137	under	under	ADP
cblr-1730	425	138	the	the	DET
cblr-1730	425	139	client	client	NOUN
cblr-1730	425	140	’s	’s	PART
cblr-1730	425	141	account.131	account.131	PROPN
cblr-1730	425	142	the	the	DET
cblr-1730	425	143	sec	sec	PROPN
cblr-1730	425	144	has	have	AUX
cblr-1730	425	145	recommended	recommend	VERB
cblr-1730	425	146	that	that	SCONJ
cblr-1730	425	147	brokers	broker	NOUN
cblr-1730	425	148	disclose	disclose	VERB
cblr-1730	425	149	128	128	NUM
cblr-1730	425	150	see	see	NOUN
cblr-1730	425	151	lazaro	lazaro	NOUN
cblr-1730	425	152	,	,	PUNCT
cblr-1730	425	153	supra	supra	PROPN
cblr-1730	425	154	note	note	NOUN
cblr-1730	425	155	17	17	NUM
cblr-1730	425	156	,	,	PUNCT
cblr-1730	425	157	at	at	ADP
cblr-1730	425	158	409–10	409–10	PROPN
cblr-1730	425	159	.	.	PROPN
cblr-1730	426	1	129	129	NUM
cblr-1730	426	2	dodd	dodd	PROPN
cblr-1730	426	3	-	-	PUNCT
cblr-1730	426	4	frank	frank	PROPN
cblr-1730	426	5	wall	wall	PROPN
cblr-1730	426	6	street	street	PROPN
cblr-1730	426	7	reform	reform	PROPN
cblr-1730	426	8	and	and	CCONJ
cblr-1730	426	9	consumer	consumer	NOUN
cblr-1730	426	10	protection	protection	PROPN
cblr-1730	426	11	act	act	PROPN
cblr-1730	426	12	,	,	PUNCT
cblr-1730	426	13	pub	pub	NOUN
cblr-1730	426	14	.	.	PUNCT
cblr-1730	427	1	l.	l.	PROPN
cblr-1730	427	2	no	no	INTJ
cblr-1730	427	3	.	.	PROPN
cblr-1730	428	1	111	111	NUM
cblr-1730	428	2	-	-	SYM
cblr-1730	428	3	203	203	NUM
cblr-1730	428	4	,	,	PUNCT
cblr-1730	428	5	§	§	PROPN
cblr-1730	428	6	913	913	NUM
cblr-1730	428	7	,	,	PUNCT
cblr-1730	428	8	124	124	NUM
cblr-1730	428	9	stat	stat	NOUN
cblr-1730	428	10	.	.	PUNCT
cblr-1730	429	1	1376	1376	NUM
cblr-1730	429	2	,	,	PUNCT
cblr-1730	429	3	1828–29	1828–29	NUM
cblr-1730	429	4	(	(	PUNCT
cblr-1730	429	5	2010	2010	NUM
cblr-1730	429	6	)	)	PUNCT
cblr-1730	429	7	;	;	PUNCT
cblr-1730	429	8	investment	investment	NOUN
cblr-1730	429	9	advisers	adviser	NOUN
cblr-1730	429	10	act	act	VERB
cblr-1730	429	11	of	of	ADP
cblr-1730	429	12	1940	1940	NUM
cblr-1730	429	13	,	,	PUNCT
cblr-1730	429	14	15	15	NUM
cblr-1730	429	15	u.s.c	u.s.c	NOUN
cblr-1730	429	16	.	.	PUNCT
cblr-1730	430	1	§	§	PROPN
cblr-1730	430	2	80b-6	80b-6	NUM
cblr-1730	430	3	(	(	PUNCT
cblr-1730	430	4	2012	2012	NUM
cblr-1730	430	5	)	)	PUNCT
cblr-1730	430	6	.	.	PUNCT
cblr-1730	431	1	see	see	VERB
cblr-1730	431	2	also	also	ADV
cblr-1730	431	3	lazaro	lazaro	NOUN
cblr-1730	431	4	,	,	PUNCT
cblr-1730	431	5	supra	supra	PROPN
cblr-1730	431	6	note	note	NOUN
cblr-1730	431	7	17	17	NUM
cblr-1730	431	8	,	,	PUNCT
cblr-1730	431	9	at	at	ADP
cblr-1730	431	10	410	410	NUM
cblr-1730	431	11	;	;	PUNCT
cblr-1730	431	12	sec	sec	PROPN
cblr-1730	431	13	study	study	NOUN
cblr-1730	431	14	,	,	PUNCT
cblr-1730	431	15	supra	supra	PROPN
cblr-1730	431	16	note	note	PROPN
cblr-1730	431	17	6	6	NUM
cblr-1730	431	18	,	,	PUNCT
cblr-1730	431	19	at	at	ADP
cblr-1730	431	20	119	119	NUM
cblr-1730	431	21	.	.	NOUN
cblr-1730	431	22	130	130	NUM
cblr-1730	431	23	investment	investment	NOUN
cblr-1730	431	24	advisers	adviser	NOUN
cblr-1730	431	25	act	act	VERB
cblr-1730	431	26	of	of	ADP
cblr-1730	431	27	1940	1940	NUM
cblr-1730	431	28	,	,	PUNCT
cblr-1730	431	29	15	15	NUM
cblr-1730	431	30	u.s.c	u.s.c	NOUN
cblr-1730	431	31	.	.	PUNCT
cblr-1730	432	1	§	§	PROPN
cblr-1730	432	2	80b–6(3	80b–6(3	PROPN
cblr-1730	432	3	)	)	PUNCT
cblr-1730	432	4	(	(	PUNCT
cblr-1730	432	5	2012	2012	NUM
cblr-1730	432	6	)	)	PUNCT
cblr-1730	432	7	.	.	PUNCT
cblr-1730	433	1	131	131	NUM
cblr-1730	433	2	i	i	PROPN
cblr-1730	433	3	d.	d.	PROPN
cblr-1730	433	4	smith	smith	PROPN
cblr-1730	433	5	–	–	PUNCT
cblr-1730	433	6	final	final	ADJ
cblr-1730	433	7	1232	1232	NUM
cblr-1730	433	8	columbia	columbia	PROPN
cblr-1730	433	9	business	business	NOUN
cblr-1730	433	10	law	law	PROPN
cblr-1730	433	11	review	review	NOUN
cblr-1730	434	1	[	[	X
cblr-1730	434	2	vol	vol	NOUN
cblr-1730	434	3	.	.	NOUN
cblr-1730	434	4	2017	2017	NUM
cblr-1730	434	5	conflicts	conflict	NOUN
cblr-1730	434	6	of	of	ADP
cblr-1730	434	7	interest	interest	NOUN
cblr-1730	434	8	,	,	PUNCT
cblr-1730	434	9	but	but	CCONJ
cblr-1730	434	10	has	have	AUX
cblr-1730	434	11	also	also	ADV
cblr-1730	434	12	stated	state	VERB
cblr-1730	434	13	that	that	SCONJ
cblr-1730	434	14	they	they	PRON
cblr-1730	434	15	are	be	AUX
cblr-1730	434	16	not	not	PART
cblr-1730	434	17	necessarily	necessarily	ADV
cblr-1730	434	18	subject	subject	ADJ
cblr-1730	434	19	to	to	ADP
cblr-1730	434	20	the	the	DET
cblr-1730	434	21	same	same	ADJ
cblr-1730	434	22	notice	notice	NOUN
cblr-1730	434	23	and	and	CCONJ
cblr-1730	434	24	consent	consent	NOUN
cblr-1730	434	25	requirements	requirement	NOUN
cblr-1730	434	26	of	of	ADP
cblr-1730	434	27	section	section	NOUN
cblr-1730	434	28	206(3).132	206(3).132	NUM
cblr-1730	434	29	hence	hence	ADV
cblr-1730	434	30	,	,	PUNCT
cblr-1730	434	31	the	the	DET
cblr-1730	434	32	sec	sec	PROPN
cblr-1730	434	33	’s	’s	PART
cblr-1730	434	34	semi	semi	ADJ
cblr-1730	434	35	-	-	ADJ
cblr-1730	434	36	unified	unified	ADJ
cblr-1730	434	37	standard	standard	NOUN
cblr-1730	434	38	again	again	ADV
cblr-1730	434	39	leaves	leave	VERB
cblr-1730	434	40	potential	potential	NOUN
cblr-1730	434	41	for	for	ADP
cblr-1730	434	42	consumer	consumer	NOUN
cblr-1730	434	43	confusion	confusion	NOUN
cblr-1730	434	44	in	in	ADP
cblr-1730	434	45	regards	regard	NOUN
cblr-1730	434	46	to	to	ADP
cblr-1730	434	47	the	the	DET
cblr-1730	434	48	duties	duty	NOUN
cblr-1730	434	49	of	of	ADP
cblr-1730	434	50	their	their	PRON
cblr-1730	434	51	specific	specific	ADJ
cblr-1730	434	52	financial	financial	ADJ
cblr-1730	434	53	adviser	adviser	NOUN
cblr-1730	434	54	.	.	PUNCT
cblr-1730	435	1	situations	situation	NOUN
cblr-1730	435	2	of	of	ADP
cblr-1730	435	3	de	de	X
cblr-1730	435	4	facto	facto	X
cblr-1730	435	5	and	and	CCONJ
cblr-1730	435	6	discretionary	discretionary	ADJ
cblr-1730	435	7	control	control	NOUN
cblr-1730	435	8	are	be	AUX
cblr-1730	435	9	precisely	precisely	ADV
cblr-1730	435	10	the	the	DET
cblr-1730	435	11	positions	position	NOUN
cblr-1730	435	12	of	of	ADP
cblr-1730	435	13	investor	investor	NOUN
cblr-1730	435	14	vulnerability	vulnerability	NOUN
cblr-1730	435	15	that	that	PRON
cblr-1730	435	16	courts	court	NOUN
cblr-1730	435	17	have	have	AUX
cblr-1730	435	18	used	use	VERB
cblr-1730	435	19	to	to	PART
cblr-1730	435	20	expand	expand	VERB
cblr-1730	435	21	fiduciary	fiduciary	ADJ
cblr-1730	435	22	obligations	obligation	NOUN
cblr-1730	435	23	in	in	ADP
cblr-1730	435	24	order	order	NOUN
cblr-1730	435	25	to	to	PART
cblr-1730	435	26	better	well	ADV
cblr-1730	435	27	protect	protect	VERB
cblr-1730	435	28	investors.133	investors.133	NOUN
cblr-1730	435	29	yet	yet	ADV
cblr-1730	435	30	,	,	PUNCT
cblr-1730	435	31	by	by	ADP
cblr-1730	435	32	subjecting	subject	VERB
cblr-1730	435	33	brokers	broker	NOUN
cblr-1730	435	34	and	and	CCONJ
cblr-1730	435	35	online	online	ADJ
cblr-1730	435	36	platforms	platform	NOUN
cblr-1730	435	37	to	to	ADP
cblr-1730	435	38	a	a	DET
cblr-1730	435	39	less	less	ADV
cblr-1730	435	40	stringent	stringent	ADJ
cblr-1730	435	41	requirement	requirement	NOUN
cblr-1730	435	42	that	that	PRON
cblr-1730	435	43	does	do	AUX
cblr-1730	435	44	not	not	PART
cblr-1730	435	45	include	include	VERB
cblr-1730	435	46	notice	notice	NOUN
cblr-1730	435	47	and	and	CCONJ
cblr-1730	435	48	consent	consent	VERB
cblr-1730	435	49	to	to	ADP
cblr-1730	435	50	the	the	DET
cblr-1730	435	51	client	client	NOUN
cblr-1730	435	52	,	,	PUNCT
cblr-1730	435	53	there	there	PRON
cblr-1730	435	54	remains	remain	VERB
cblr-1730	435	55	a	a	DET
cblr-1730	435	56	higher	high	ADJ
cblr-1730	435	57	chance	chance	NOUN
cblr-1730	435	58	of	of	ADP
cblr-1730	435	59	investor	investor	NOUN
cblr-1730	435	60	abuse	abuse	NOUN
cblr-1730	435	61	and	and	CCONJ
cblr-1730	435	62	harm	harm	NOUN
cblr-1730	435	63	by	by	ADP
cblr-1730	435	64	brokers	broker	NOUN
cblr-1730	435	65	and	and	CCONJ
cblr-1730	435	66	online	online	ADJ
cblr-1730	435	67	platforms	platform	NOUN
cblr-1730	435	68	,	,	PUNCT
cblr-1730	435	69	despite	despite	SCONJ
cblr-1730	435	70	fiduciary	fiduciary	ADJ
cblr-1730	435	71	obligations	obligation	NOUN
cblr-1730	435	72	,	,	PUNCT
cblr-1730	435	73	than	than	ADP
cblr-1730	435	74	by	by	ADP
cblr-1730	435	75	advisers	adviser	NOUN
cblr-1730	435	76	.	.	PUNCT
cblr-1730	436	1	a	a	DET
cblr-1730	436	2	unified	unified	ADJ
cblr-1730	436	3	fiduciary	fiduciary	ADJ
cblr-1730	436	4	standard	standard	NOUN
cblr-1730	436	5	presents	present	VERB
cblr-1730	436	6	many	many	ADJ
cblr-1730	436	7	advantages	advantage	NOUN
cblr-1730	436	8	over	over	ADP
cblr-1730	436	9	the	the	DET
cblr-1730	436	10	current	current	ADJ
cblr-1730	436	11	regulatory	regulatory	ADJ
cblr-1730	436	12	system	system	NOUN
cblr-1730	436	13	in	in	ADP
cblr-1730	436	14	investing	investing	NOUN
cblr-1730	436	15	;	;	PUNCT
cblr-1730	436	16	however	however	ADV
cblr-1730	436	17	,	,	PUNCT
cblr-1730	436	18	it	it	PRON
cblr-1730	436	19	also	also	ADV
cblr-1730	436	20	presents	present	VERB
cblr-1730	436	21	major	major	ADJ
cblr-1730	436	22	drawbacks	drawback	NOUN
cblr-1730	436	23	.	.	PUNCT
cblr-1730	437	1	in	in	ADP
cblr-1730	437	2	order	order	NOUN
cblr-1730	437	3	to	to	PART
cblr-1730	437	4	reduce	reduce	VERB
cblr-1730	437	5	consumer	consumer	NOUN
cblr-1730	437	6	confusion	confusion	NOUN
cblr-1730	437	7	and	and	CCONJ
cblr-1730	437	8	harm	harm	NOUN
cblr-1730	437	9	as	as	ADV
cblr-1730	437	10	much	much	ADV
cblr-1730	437	11	as	as	ADP
cblr-1730	437	12	possible	possible	ADJ
cblr-1730	437	13	,	,	PUNCT
cblr-1730	437	14	a	a	DET
cblr-1730	437	15	fully	fully	ADV
cblr-1730	437	16	unified	unified	ADJ
cblr-1730	437	17	fiduciary	fiduciary	ADJ
cblr-1730	437	18	standard	standard	NOUN
cblr-1730	437	19	loses	lose	VERB
cblr-1730	437	20	a	a	DET
cblr-1730	437	21	great	great	ADJ
cblr-1730	437	22	deal	deal	NOUN
cblr-1730	437	23	in	in	ADP
cblr-1730	437	24	terms	term	NOUN
cblr-1730	437	25	of	of	ADP
cblr-1730	437	26	market	market	NOUN
cblr-1730	437	27	efficiency	efficiency	NOUN
cblr-1730	437	28	.	.	PUNCT
cblr-1730	438	1	it	it	PRON
cblr-1730	438	2	substantially	substantially	ADV
cblr-1730	438	3	reduces	reduce	VERB
cblr-1730	438	4	the	the	DET
cblr-1730	438	5	choices	choice	NOUN
cblr-1730	438	6	for	for	ADP
cblr-1730	438	7	investment	investment	NOUN
cblr-1730	438	8	services	service	NOUN
cblr-1730	438	9	and	and	CCONJ
cblr-1730	438	10	compensation	compensation	NOUN
cblr-1730	438	11	schemes	scheme	NOUN
cblr-1730	438	12	faced	face	VERB
cblr-1730	438	13	by	by	ADP
cblr-1730	438	14	investors	investor	NOUN
cblr-1730	438	15	.	.	PUNCT
cblr-1730	439	1	such	such	DET
cblr-1730	439	2	a	a	DET
cblr-1730	439	3	standard	standard	NOUN
cblr-1730	439	4	also	also	ADV
cblr-1730	439	5	presents	present	VERB
cblr-1730	439	6	serious	serious	ADJ
cblr-1730	439	7	,	,	PUNCT
cblr-1730	439	8	and	and	CCONJ
cblr-1730	439	9	likely	likely	ADV
cblr-1730	439	10	impractical	impractical	ADJ
cblr-1730	439	11	,	,	PUNCT
cblr-1730	439	12	costs	cost	NOUN
cblr-1730	439	13	to	to	ADP
cblr-1730	439	14	investment	investment	NOUN
cblr-1730	439	15	service	service	NOUN
cblr-1730	439	16	providers	provider	NOUN
cblr-1730	439	17	,	,	PUNCT
cblr-1730	439	18	who	who	PRON
cblr-1730	439	19	could	could	AUX
cblr-1730	439	20	end	end	VERB
cblr-1730	439	21	up	up	ADP
cblr-1730	439	22	shifting	shift	VERB
cblr-1730	439	23	costs	cost	NOUN
cblr-1730	439	24	to	to	ADP
cblr-1730	439	25	the	the	DET
cblr-1730	439	26	investors	investor	NOUN
cblr-1730	439	27	themselves	themselves	PRON
cblr-1730	439	28	.	.	PUNCT
cblr-1730	440	1	in	in	ADP
cblr-1730	440	2	the	the	DET
cblr-1730	440	3	alternative	alternative	NOUN
cblr-1730	440	4	,	,	PUNCT
cblr-1730	440	5	a	a	DET
cblr-1730	440	6	semi	semi	ADJ
cblr-1730	440	7	-	-	ADJ
cblr-1730	440	8	unified	unified	ADJ
cblr-1730	440	9	standard	standard	ADJ
cblr-1730	440	10	better	well	ADJ
cblr-1730	440	11	balances	balance	NOUN
cblr-1730	440	12	market	market	NOUN
cblr-1730	440	13	efficiency	efficiency	NOUN
cblr-1730	440	14	by	by	ADP
cblr-1730	440	15	maintaining	maintain	VERB
cblr-1730	440	16	consumer	consumer	NOUN
cblr-1730	440	17	choice	choice	NOUN
cblr-1730	440	18	in	in	ADP
cblr-1730	440	19	investment	investment	NOUN
cblr-1730	440	20	services	service	NOUN
cblr-1730	440	21	and	and	CCONJ
cblr-1730	440	22	fees	fee	NOUN
cblr-1730	440	23	but	but	CCONJ
cblr-1730	440	24	perpetuates	perpetuate	VERB
cblr-1730	440	25	confusion	confusion	NOUN
cblr-1730	440	26	and	and	CCONJ
cblr-1730	440	27	thereby	thereby	ADV
cblr-1730	440	28	potential	potential	ADJ
cblr-1730	440	29	for	for	ADP
cblr-1730	440	30	harm	harm	NOUN
cblr-1730	440	31	.	.	PUNCT
cblr-1730	441	1	these	these	DET
cblr-1730	441	2	apparent	apparent	ADJ
cblr-1730	441	3	trade	trade	NOUN
cblr-1730	441	4	-	-	PUNCT
cblr-1730	441	5	offs	off	NOUN
cblr-1730	441	6	between	between	ADP
cblr-1730	441	7	market	market	NOUN
cblr-1730	441	8	efficiency	efficiency	NOUN
cblr-1730	441	9	and	and	CCONJ
cblr-1730	441	10	consumer	consumer	NOUN
cblr-1730	441	11	confusion	confusion	NOUN
cblr-1730	441	12	and	and	CCONJ
cblr-1730	441	13	protection	protection	NOUN
cblr-1730	441	14	seem	seem	VERB
cblr-1730	441	15	to	to	PART
cblr-1730	441	16	make	make	VERB
cblr-1730	441	17	a	a	DET
cblr-1730	441	18	“	"	PUNCT
cblr-1730	441	19	perfect	perfect	ADJ
cblr-1730	441	20	”	"	PUNCT
cblr-1730	441	21	solution	solution	NOUN
cblr-1730	441	22	impossible	impossible	ADJ
cblr-1730	441	23	.	.	PUNCT
cblr-1730	442	1	however	however	ADV
cblr-1730	442	2	,	,	PUNCT
cblr-1730	442	3	the	the	DET
cblr-1730	442	4	trade	trade	NOUN
cblr-1730	442	5	-	-	PUNCT
cblr-1730	442	6	off	off	NOUN
cblr-1730	442	7	does	do	AUX
cblr-1730	442	8	not	not	PART
cblr-1730	442	9	rule	rule	VERB
cblr-1730	442	10	out	out	ADP
cblr-1730	442	11	the	the	DET
cblr-1730	442	12	possibility	possibility	NOUN
cblr-1730	442	13	of	of	ADP
cblr-1730	442	14	a	a	DET
cblr-1730	442	15	better	well	ADJ
cblr-1730	442	16	solution	solution	NOUN
cblr-1730	442	17	than	than	ADP
cblr-1730	442	18	those	those	PRON
cblr-1730	442	19	presented	present	VERB
cblr-1730	442	20	thus	thus	ADV
cblr-1730	442	21	far	far	ADV
cblr-1730	442	22	.	.	PUNCT
cblr-1730	443	1	132	132	NUM
cblr-1730	443	2	sec	sec	PROPN
cblr-1730	443	3	study	study	NOUN
cblr-1730	443	4	,	,	PUNCT
cblr-1730	443	5	supra	supra	PROPN
cblr-1730	443	6	note	note	PROPN
cblr-1730	443	7	6	6	NUM
cblr-1730	443	8	,	,	PUNCT
cblr-1730	443	9	at	at	ADP
cblr-1730	443	10	120	120	NUM
cblr-1730	443	11	.	.	PUNCT
cblr-1730	444	1	see	see	VERB
cblr-1730	444	2	also	also	ADV
cblr-1730	444	3	lazaro	lazaro	NOUN
cblr-1730	444	4	,	,	PUNCT
cblr-1730	444	5	supra	supra	PROPN
cblr-1730	444	6	note	note	NOUN
cblr-1730	444	7	17	17	NUM
cblr-1730	444	8	,	,	PUNCT
cblr-1730	444	9	at	at	ADP
cblr-1730	444	10	410	410	NUM
cblr-1730	444	11	.	.	PUNCT
cblr-1730	445	1	133	133	NUM
cblr-1730	445	2	see	see	VERB
cblr-1730	445	3	edwards	edwards	PROPN
cblr-1730	445	4	,	,	PUNCT
cblr-1730	445	5	supra	supra	PROPN
cblr-1730	445	6	note	note	NOUN
cblr-1730	445	7	2	2	NUM
cblr-1730	445	8	,	,	PUNCT
cblr-1730	445	9	at	at	ADP
cblr-1730	445	10	114–15	114–15	NUM
cblr-1730	445	11	;	;	PUNCT
cblr-1730	445	12	leib	leib	PROPN
cblr-1730	445	13	v.	v.	PROPN
cblr-1730	445	14	merrill	merrill	PROPN
cblr-1730	445	15	lynch	lynch	PROPN
cblr-1730	445	16	,	,	PUNCT
cblr-1730	445	17	pierce	pierce	PROPN
cblr-1730	445	18	,	,	PUNCT
cblr-1730	445	19	fenner	fenner	PROPN
cblr-1730	445	20	&	&	CCONJ
cblr-1730	445	21	smith	smith	PROPN
cblr-1730	445	22	,	,	PUNCT
cblr-1730	445	23	inc	inc	PROPN
cblr-1730	445	24	.	.	PROPN
cblr-1730	445	25	,	,	PUNCT
cblr-1730	445	26	461	461	NUM
cblr-1730	445	27	f.	f.	PROPN
cblr-1730	445	28	supp	supp	PROPN
cblr-1730	445	29	.	.	PUNCT
cblr-1730	446	1	951	951	NUM
cblr-1730	446	2	,	,	PUNCT
cblr-1730	446	3	953–55	953–55	NUM
cblr-1730	446	4	(	(	PUNCT
cblr-1730	446	5	e.d	e.d	PROPN
cblr-1730	446	6	.	.	PROPN
cblr-1730	446	7	mich	mich	PROPN
cblr-1730	446	8	.	.	PROPN
cblr-1730	447	1	1978	1978	NUM
cblr-1730	447	2	)	)	PUNCT
cblr-1730	447	3	,	,	PUNCT
cblr-1730	447	4	aff’d	aff’d	VERB
cblr-1730	447	5	,	,	PUNCT
cblr-1730	447	6	647	647	NUM
cblr-1730	447	7	f.2d	f.2d	NOUN
cblr-1730	447	8	165	165	NUM
cblr-1730	447	9	(	(	PUNCT
cblr-1730	447	10	6th	6th	ADJ
cblr-1730	447	11	cir	cir	NOUN
cblr-1730	447	12	.	.	PROPN
cblr-1730	447	13	1981	1981	NUM
cblr-1730	447	14	)	)	PUNCT
cblr-1730	447	15	(	(	PUNCT
cblr-1730	447	16	stating	state	VERB
cblr-1730	447	17	that	that	SCONJ
cblr-1730	447	18	brokers	broker	NOUN
cblr-1730	447	19	who	who	PRON
cblr-1730	447	20	handle	handle	VERB
cblr-1730	447	21	discretionary	discretionary	ADJ
cblr-1730	447	22	accounts	account	NOUN
cblr-1730	447	23	,	,	PUNCT
cblr-1730	447	24	as	as	SCONJ
cblr-1730	447	25	opposed	oppose	VERB
cblr-1730	447	26	to	to	ADP
cblr-1730	447	27	brokers	broker	NOUN
cblr-1730	447	28	who	who	PRON
cblr-1730	447	29	handle	handle	VERB
cblr-1730	447	30	non	non	ADJ
cblr-1730	447	31	-	-	ADJ
cblr-1730	447	32	discretionary	discretionary	ADJ
cblr-1730	447	33	accounts	account	NOUN
cblr-1730	447	34	,	,	PUNCT
cblr-1730	447	35	become	become	VERB
cblr-1730	447	36	fiduciaries	fiduciary	NOUN
cblr-1730	447	37	“	"	PUNCT
cblr-1730	447	38	in	in	ADP
cblr-1730	447	39	a	a	DET
cblr-1730	447	40	broad	broad	ADJ
cblr-1730	447	41	sense	sense	NOUN
cblr-1730	447	42	”	"	PUNCT
cblr-1730	447	43	)	)	PUNCT
cblr-1730	447	44	.	.	PUNCT
cblr-1730	448	1	smith	smith	PROPN
cblr-1730	448	2	–	–	PUNCT
cblr-1730	448	3	final	final	ADJ
cblr-1730	448	4	no	no	NOUN
cblr-1730	448	5	.	.	PUNCT
cblr-1730	449	1	3:1200	3:1200	NUM
cblr-1730	449	2	]	]	X
cblr-1730	449	3	a	a	DET
cblr-1730	449	4	uniform	uniform	ADJ
cblr-1730	449	5	fiduciary	fiduciary	ADJ
cblr-1730	449	6	duty	duty	NOUN
cblr-1730	449	7	1233	1233	NUM
cblr-1730	449	8	iv	iv	NOUN
cblr-1730	449	9	.	.	PUNCT
cblr-1730	449	10	recommendation	recommendation	NOUN
cblr-1730	449	11	:	:	PUNCT
cblr-1730	449	12	a	a	DET
cblr-1730	449	13	two	two	NUM
cblr-1730	449	14	-	-	PUNCT
cblr-1730	449	15	step	step	NOUN
cblr-1730	449	16	solution	solution	NOUN
cblr-1730	449	17	a.	a.	NOUN
cblr-1730	449	18	unify	unify	VERB
cblr-1730	449	19	advisers	adviser	NOUN
cblr-1730	449	20	,	,	PUNCT
cblr-1730	449	21	brokers	broker	NOUN
cblr-1730	449	22	,	,	PUNCT
cblr-1730	449	23	and	and	CCONJ
cblr-1730	449	24	online	online	ADJ
cblr-1730	449	25	and	and	CCONJ
cblr-1730	449	26	mobile	mobile	ADJ
cblr-1730	449	27	platforms	platform	NOUN
cblr-1730	449	28	under	under	ADP
cblr-1730	449	29	fiduciary	fiduciary	ADJ
cblr-1730	449	30	duty	duty	NOUN
cblr-1730	449	31	advisers	adviser	NOUN
cblr-1730	449	32	and	and	CCONJ
cblr-1730	449	33	brokers	broker	NOUN
cblr-1730	449	34	today	today	NOUN
cblr-1730	449	35	are	be	AUX
cblr-1730	449	36	not	not	PART
cblr-1730	449	37	the	the	DET
cblr-1730	449	38	same	same	ADJ
cblr-1730	449	39	as	as	ADP
cblr-1730	449	40	those	those	PRON
cblr-1730	449	41	of	of	ADP
cblr-1730	449	42	the	the	DET
cblr-1730	449	43	1920s	1920s	NUM
cblr-1730	449	44	and	and	CCONJ
cblr-1730	449	45	1930s.134	1930s.134	NUM
cblr-1730	449	46	the	the	DET
cblr-1730	449	47	distinct	distinct	ADJ
cblr-1730	449	48	separation	separation	NOUN
cblr-1730	449	49	between	between	ADP
cblr-1730	449	50	the	the	DET
cblr-1730	449	51	services	service	NOUN
cblr-1730	449	52	,	,	PUNCT
cblr-1730	449	53	products	product	NOUN
cblr-1730	449	54	,	,	PUNCT
cblr-1730	449	55	and	and	CCONJ
cblr-1730	449	56	compensation	compensation	NOUN
cblr-1730	449	57	schemes	scheme	NOUN
cblr-1730	449	58	they	they	PRON
cblr-1730	449	59	offer	offer	VERB
cblr-1730	449	60	has	have	AUX
cblr-1730	449	61	been	be	AUX
cblr-1730	449	62	blurred	blur	VERB
cblr-1730	449	63	by	by	ADP
cblr-1730	449	64	time	time	NOUN
cblr-1730	449	65	and	and	CCONJ
cblr-1730	449	66	circumstance.135	circumstance.135	NOUN
cblr-1730	449	67	as	as	ADP
cblr-1730	449	68	a	a	DET
cblr-1730	449	69	result	result	NOUN
cblr-1730	449	70	,	,	PUNCT
cblr-1730	449	71	more	more	ADJ
cblr-1730	449	72	and	and	CCONJ
cblr-1730	449	73	more	more	ADJ
cblr-1730	449	74	investors	investor	NOUN
cblr-1730	449	75	do	do	AUX
cblr-1730	449	76	not	not	PART
cblr-1730	449	77	know	know	VERB
cblr-1730	449	78	of	of	ADP
cblr-1730	449	79	or	or	CCONJ
cblr-1730	449	80	understand	understand	VERB
cblr-1730	449	81	the	the	DET
cblr-1730	449	82	difference	difference	NOUN
cblr-1730	449	83	between	between	ADP
cblr-1730	449	84	advisers	adviser	NOUN
cblr-1730	449	85	and	and	CCONJ
cblr-1730	449	86	brokers	broker	NOUN
cblr-1730	449	87	,	,	PUNCT
cblr-1730	449	88	both	both	CCONJ
cblr-1730	449	89	in	in	ADP
cblr-1730	449	90	terms	term	NOUN
cblr-1730	449	91	of	of	ADP
cblr-1730	449	92	the	the	DET
cblr-1730	449	93	roles	role	NOUN
cblr-1730	449	94	they	they	PRON
cblr-1730	449	95	serve	serve	VERB
cblr-1730	449	96	and	and	CCONJ
cblr-1730	449	97	the	the	DET
cblr-1730	449	98	differing	differ	VERB
cblr-1730	449	99	regulations	regulation	NOUN
cblr-1730	449	100	that	that	PRON
cblr-1730	449	101	govern	govern	VERB
cblr-1730	449	102	them.136	them.136	NOUN
cblr-1730	449	103	the	the	DET
cblr-1730	449	104	same	same	ADJ
cblr-1730	449	105	can	can	AUX
cblr-1730	449	106	be	be	AUX
cblr-1730	449	107	said	say	VERB
cblr-1730	449	108	of	of	ADP
cblr-1730	449	109	brokers	broker	NOUN
cblr-1730	449	110	and	and	CCONJ
cblr-1730	449	111	online	online	ADJ
cblr-1730	449	112	platforms	platform	NOUN
cblr-1730	449	113	,	,	PUNCT
cblr-1730	449	114	which	which	PRON
cblr-1730	449	115	,	,	PUNCT
cblr-1730	449	116	though	though	SCONJ
cblr-1730	449	117	they	they	PRON
cblr-1730	449	118	offer	offer	VERB
cblr-1730	449	119	similar	similar	ADJ
cblr-1730	449	120	services	service	NOUN
cblr-1730	449	121	,	,	PUNCT
cblr-1730	449	122	products	product	NOUN
cblr-1730	449	123	,	,	PUNCT
cblr-1730	449	124	and	and	CCONJ
cblr-1730	449	125	compensation	compensation	NOUN
cblr-1730	449	126	schemes	scheme	NOUN
cblr-1730	449	127	,	,	PUNCT
cblr-1730	449	128	are	be	AUX
cblr-1730	449	129	not	not	PART
cblr-1730	449	130	bound	bind	VERB
cblr-1730	449	131	by	by	ADP
cblr-1730	449	132	the	the	DET
cblr-1730	449	133	same	same	ADJ
cblr-1730	449	134	fiduciary	fiduciary	ADJ
cblr-1730	449	135	duties	duty	NOUN
cblr-1730	449	136	since	since	SCONJ
cblr-1730	449	137	online	online	ADJ
cblr-1730	449	138	platforms	platform	NOUN
cblr-1730	449	139	have	have	AUX
cblr-1730	449	140	not	not	PART
cblr-1730	449	141	been	be	AUX
cblr-1730	449	142	subject	subject	ADJ
cblr-1730	449	143	to	to	ADP
cblr-1730	449	144	fiduciary	fiduciary	ADJ
cblr-1730	449	145	duties	duty	NOUN
cblr-1730	449	146	or	or	CCONJ
cblr-1730	449	147	the	the	DET
cblr-1730	449	148	suitability	suitability	NOUN
cblr-1730	449	149	standard	standard	NOUN
cblr-1730	449	150	of	of	ADP
cblr-1730	449	151	finra	finra	PROPN
cblr-1730	449	152	rule	rule	NOUN
cblr-1730	449	153	2111.137	2111.137	PROPN
cblr-1730	449	154	but	but	CCONJ
cblr-1730	449	155	“	"	PUNCT
cblr-1730	449	156	simply	simply	ADV
cblr-1730	449	157	because	because	SCONJ
cblr-1730	449	158	the	the	DET
cblr-1730	449	159	services	service	NOUN
cblr-1730	449	160	offered	offer	VERB
cblr-1730	449	161	by	by	ADP
cblr-1730	449	162	brokers	broker	NOUN
cblr-1730	449	163	now	now	ADV
cblr-1730	449	164	overlap	overlap	VERB
cblr-1730	449	165	with	with	ADP
cblr-1730	449	166	the	the	DET
cblr-1730	449	167	role	role	NOUN
cblr-1730	449	168	of	of	ADP
cblr-1730	449	169	investment	investment	NOUN
cblr-1730	449	170	advisers	adviser	NOUN
cblr-1730	449	171	in	in	ADP
cblr-1730	449	172	some	some	DET
cblr-1730	449	173	circumstances	circumstance	NOUN
cblr-1730	449	174	does	do	AUX
cblr-1730	449	175	not	not	PART
cblr-1730	449	176	mean	mean	VERB
cblr-1730	449	177	the	the	DET
cblr-1730	449	178	advisers	adviser	NOUN
cblr-1730	449	179	act	act	VERB
cblr-1730	449	180	should	should	AUX
cblr-1730	449	181	apply	apply	VERB
cblr-1730	449	182	to	to	ADP
cblr-1730	449	183	brokers	broker	NOUN
cblr-1730	449	184	”	"	PUNCT
cblr-1730	449	185	and	and	CCONJ
cblr-1730	449	186	that	that	SCONJ
cblr-1730	449	187	the	the	DET
cblr-1730	449	188	advisers	adviser	NOUN
cblr-1730	449	189	act	act	VERB
cblr-1730	449	190	should	should	AUX
cblr-1730	449	191	apply	apply	VERB
cblr-1730	449	192	to	to	ADP
cblr-1730	449	193	online	online	ADJ
cblr-1730	449	194	brokerage	brokerage	NOUN
cblr-1730	449	195	platforms.138	platforms.138	PROPN
cblr-1730	449	196	rather	rather	ADV
cblr-1730	449	197	,	,	PUNCT
cblr-1730	449	198	what	what	PRON
cblr-1730	449	199	is	be	AUX
cblr-1730	449	200	necessary	necessary	ADJ
cblr-1730	449	201	is	be	AUX
cblr-1730	449	202	a	a	DET
cblr-1730	449	203	new	new	ADJ
cblr-1730	449	204	,	,	PUNCT
cblr-1730	449	205	single	single	ADJ
cblr-1730	449	206	legislation	legislation	NOUN
cblr-1730	449	207	governing	govern	VERB
cblr-1730	449	208	advisers	adviser	NOUN
cblr-1730	449	209	,	,	PUNCT
cblr-1730	449	210	brokers	broker	NOUN
cblr-1730	449	211	,	,	PUNCT
cblr-1730	449	212	and	and	CCONJ
cblr-1730	449	213	online	online	ADJ
cblr-1730	449	214	platforms	platform	NOUN
cblr-1730	449	215	—	—	PUNCT
cblr-1730	449	216	namely	namely	ADV
cblr-1730	449	217	,	,	PUNCT
cblr-1730	449	218	a	a	DET
cblr-1730	449	219	financial	financial	ADJ
cblr-1730	449	220	adviser	adviser	NOUN
cblr-1730	449	221	reform	reform	NOUN
cblr-1730	449	222	act	act	NOUN
cblr-1730	449	223	(	(	PUNCT
cblr-1730	449	224	“	"	PUNCT
cblr-1730	449	225	fara	fara	NOUN
cblr-1730	449	226	”	"	PUNCT
cblr-1730	449	227	)	)	PUNCT
cblr-1730	449	228	.	.	PUNCT
cblr-1730	450	1	as	as	ADP
cblr-1730	450	2	with	with	ADP
cblr-1730	450	3	the	the	DET
cblr-1730	450	4	sec	sec	PROPN
cblr-1730	450	5	’s	’s	PART
cblr-1730	450	6	recommendations	recommendation	NOUN
cblr-1730	450	7	,	,	PUNCT
cblr-1730	450	8	fara	fara	PROPN
cblr-1730	450	9	would	would	AUX
cblr-1730	450	10	be	be	AUX
cblr-1730	450	11	uniform	uniform	ADJ
cblr-1730	450	12	in	in	ADP
cblr-1730	450	13	its	its	PRON
cblr-1730	450	14	application	application	NOUN
cblr-1730	450	15	of	of	ADP
cblr-1730	450	16	the	the	DET
cblr-1730	450	17	fiduciary	fiduciary	ADJ
cblr-1730	450	18	duties	duty	NOUN
cblr-1730	450	19	of	of	ADP
cblr-1730	450	20	loyalty	loyalty	NOUN
cblr-1730	450	21	and	and	CCONJ
cblr-1730	450	22	care	care	VERB
cblr-1730	450	23	across	across	ADP
cblr-1730	450	24	all	all	DET
cblr-1730	450	25	financial	financial	ADJ
cblr-1730	450	26	advisers.139	advisers.139	NOUN
cblr-1730	450	27	this	this	DET
cblr-1730	450	28	uniformity	uniformity	NOUN
cblr-1730	450	29	would	would	AUX
cblr-1730	450	30	eliminate	eliminate	VERB
cblr-1730	450	31	the	the	DET
cblr-1730	450	32	“	"	PUNCT
cblr-1730	450	33	false	false	ADJ
cblr-1730	450	34	distinction	distinction	NOUN
cblr-1730	450	35	”	"	PUNCT
cblr-1730	450	36	between	between	ADP
cblr-1730	450	37	investment	investment	NOUN
cblr-1730	450	38	service	service	NOUN
cblr-1730	450	39	134	134	NUM
cblr-1730	450	40	lazaro	lazaro	NOUN
cblr-1730	450	41	,	,	PUNCT
cblr-1730	450	42	supra	supra	PROPN
cblr-1730	450	43	note	note	NOUN
cblr-1730	450	44	17	17	NUM
cblr-1730	450	45	,	,	PUNCT
cblr-1730	450	46	at	at	ADP
cblr-1730	450	47	411	411	NUM
cblr-1730	450	48	.	.	PUNCT
cblr-1730	450	49	135	135	NUM
cblr-1730	450	50	see	see	VERB
cblr-1730	450	51	generally	generally	ADV
cblr-1730	450	52	laby	laby	NOUN
cblr-1730	450	53	,	,	PUNCT
cblr-1730	450	54	supra	supra	ADJ
cblr-1730	450	55	note	note	NOUN
cblr-1730	450	56	9	9	NUM
cblr-1730	450	57	,	,	PUNCT
cblr-1730	450	58	at	at	ADP
cblr-1730	450	59	727–35	727–35	NUM
cblr-1730	450	60	.	.	PUNCT
cblr-1730	451	1	136	136	NUM
cblr-1730	451	2	lazaro	lazaro	NOUN
cblr-1730	451	3	,	,	PUNCT
cblr-1730	451	4	supra	supra	PROPN
cblr-1730	451	5	note	note	NOUN
cblr-1730	451	6	17	17	NUM
cblr-1730	451	7	,	,	PUNCT
cblr-1730	451	8	at	at	ADP
cblr-1730	451	9	411	411	NUM
cblr-1730	451	10	.	.	PUNCT
cblr-1730	452	1	see	see	VERB
cblr-1730	452	2	also	also	ADV
cblr-1730	452	3	varnavides	varnavide	VERB
cblr-1730	452	4	,	,	PUNCT
cblr-1730	452	5	supra	supra	PROPN
cblr-1730	452	6	note	note	NOUN
cblr-1730	452	7	6	6	NUM
cblr-1730	452	8	,	,	PUNCT
cblr-1730	452	9	at	at	ADP
cblr-1730	452	10	215–16	215–16	NUM
cblr-1730	452	11	;	;	PUNCT
cblr-1730	452	12	sec	sec	PROPN
cblr-1730	452	13	study	study	NOUN
cblr-1730	452	14	,	,	PUNCT
cblr-1730	452	15	supra	supra	PROPN
cblr-1730	452	16	note	note	PROPN
cblr-1730	452	17	6	6	NUM
cblr-1730	452	18	,	,	PUNCT
cblr-1730	452	19	at	at	ADP
cblr-1730	452	20	101	101	NUM
cblr-1730	452	21	.	.	NOUN
cblr-1730	452	22	137	137	NUM
cblr-1730	452	23	see	see	VERB
cblr-1730	452	24	williams	williams	PROPN
cblr-1730	452	25	v.	v.	ADP
cblr-1730	452	26	scottrade	scottrade	PROPN
cblr-1730	452	27	,	,	PUNCT
cblr-1730	452	28	inc	inc	PROPN
cblr-1730	452	29	.	.	PROPN
cblr-1730	452	30	,	,	PUNCT
cblr-1730	452	31	no	no	INTJ
cblr-1730	452	32	.	.	NOUN
cblr-1730	452	33	06	06	NUM
cblr-1730	452	34	-	-	SYM
cblr-1730	452	35	10677	10677	NUM
cblr-1730	452	36	,	,	PUNCT
cblr-1730	452	37	2006	2006	NUM
cblr-1730	452	38	wl	wl	NOUN
cblr-1730	452	39	2077588	2077588	NUM
cblr-1730	452	40	,	,	PUNCT
cblr-1730	452	41	at	at	ADP
cblr-1730	452	42	*	*	NOUN
cblr-1730	452	43	5	5	NUM
cblr-1730	452	44	(	(	PUNCT
cblr-1730	452	45	e.d	e.d	PROPN
cblr-1730	452	46	.	.	PROPN
cblr-1730	452	47	mich	mich	PROPN
cblr-1730	452	48	.	.	PUNCT
cblr-1730	453	1	july	july	PROPN
cblr-1730	453	2	24	24	NUM
cblr-1730	453	3	,	,	PUNCT
cblr-1730	453	4	2006	2006	NUM
cblr-1730	453	5	)	)	PUNCT
cblr-1730	453	6	.	.	PUNCT
cblr-1730	454	1	138	138	NUM
cblr-1730	454	2	lazaro	lazaro	NOUN
cblr-1730	454	3	,	,	PUNCT
cblr-1730	454	4	supra	supra	PROPN
cblr-1730	454	5	note	note	NOUN
cblr-1730	454	6	17	17	NUM
cblr-1730	454	7	,	,	PUNCT
cblr-1730	454	8	at	at	ADP
cblr-1730	454	9	413	413	NUM
cblr-1730	454	10	.	.	PUNCT
cblr-1730	454	11	139	139	NUM
cblr-1730	454	12	see	see	VERB
cblr-1730	454	13	sec	sec	PROPN
cblr-1730	454	14	study	study	NOUN
cblr-1730	454	15	,	,	PUNCT
cblr-1730	454	16	supra	supra	PROPN
cblr-1730	454	17	note	note	PROPN
cblr-1730	454	18	6	6	NUM
cblr-1730	454	19	,	,	PUNCT
cblr-1730	454	20	at	at	ADP
cblr-1730	454	21	107–10	107–10	NUM
cblr-1730	454	22	;	;	PUNCT
cblr-1730	454	23	lazaro	lazaro	NOUN
cblr-1730	454	24	,	,	PUNCT
cblr-1730	454	25	supra	supra	PROPN
cblr-1730	454	26	note	note	NOUN
cblr-1730	454	27	17	17	NUM
cblr-1730	454	28	,	,	PUNCT
cblr-1730	454	29	at	at	ADP
cblr-1730	454	30	413	413	NUM
cblr-1730	454	31	.	.	PUNCT
cblr-1730	455	1	smith	smith	PROPN
cblr-1730	455	2	–	–	PUNCT
cblr-1730	455	3	final	final	ADJ
cblr-1730	455	4	1234	1234	NUM
cblr-1730	455	5	columbia	columbia	PROPN
cblr-1730	455	6	business	business	NOUN
cblr-1730	455	7	law	law	PROPN
cblr-1730	455	8	review	review	NOUN
cblr-1730	455	9	[	[	X
cblr-1730	455	10	vol	vol	NOUN
cblr-1730	455	11	.	.	NOUN
cblr-1730	455	12	2017	2017	NUM
cblr-1730	455	13	providers	provider	NOUN
cblr-1730	455	14	by	by	ADP
cblr-1730	455	15	recognizing	recognize	VERB
cblr-1730	455	16	the	the	DET
cblr-1730	455	17	overlapping	overlap	VERB
cblr-1730	455	18	services	service	NOUN
cblr-1730	455	19	they	they	PRON
cblr-1730	455	20	offer.140	offer.140	VERB
cblr-1730	455	21	in	in	ADP
cblr-1730	455	22	order	order	NOUN
cblr-1730	455	23	to	to	PART
cblr-1730	455	24	achieve	achieve	VERB
cblr-1730	455	25	this	this	PRON
cblr-1730	455	26	,	,	PUNCT
cblr-1730	455	27	fara	fara	PROPN
cblr-1730	455	28	would	would	AUX
cblr-1730	455	29	need	need	VERB
cblr-1730	455	30	to	to	ADP
cblr-1730	455	31	either	either	CCONJ
cblr-1730	455	32	explicitly	explicitly	ADV
cblr-1730	455	33	state	state	NOUN
cblr-1730	455	34	that	that	SCONJ
cblr-1730	455	35	it	it	PRON
cblr-1730	455	36	applies	apply	VERB
cblr-1730	455	37	uniformly	uniformly	ADV
cblr-1730	455	38	to	to	ADP
cblr-1730	455	39	advisers	adviser	NOUN
cblr-1730	455	40	,	,	PUNCT
cblr-1730	455	41	brokers	broker	NOUN
cblr-1730	455	42	,	,	PUNCT
cblr-1730	455	43	and	and	CCONJ
cblr-1730	455	44	online	online	ADJ
cblr-1730	455	45	platforms	platform	NOUN
cblr-1730	455	46	,	,	PUNCT
cblr-1730	455	47	or	or	CCONJ
cblr-1730	455	48	that	that	SCONJ
cblr-1730	455	49	it	it	PRON
cblr-1730	455	50	applies	apply	VERB
cblr-1730	455	51	to	to	ADP
cblr-1730	455	52	advisers	adviser	NOUN
cblr-1730	455	53	and	and	CCONJ
cblr-1730	455	54	brokers	broker	NOUN
cblr-1730	455	55	,	,	PUNCT
cblr-1730	455	56	with	with	ADP
cblr-1730	455	57	online	online	ADJ
cblr-1730	455	58	platforms	platform	NOUN
cblr-1730	455	59	considered	consider	VERB
cblr-1730	455	60	brokers	broker	NOUN
cblr-1730	455	61	.	.	PUNCT
cblr-1730	456	1	this	this	DET
cblr-1730	456	2	uniform	uniform	ADJ
cblr-1730	456	3	fiduciary	fiduciary	ADJ
cblr-1730	456	4	standard	standard	NOUN
cblr-1730	456	5	would	would	AUX
cblr-1730	456	6	ensure	ensure	VERB
cblr-1730	456	7	that	that	SCONJ
cblr-1730	456	8	financial	financial	ADJ
cblr-1730	456	9	advisers	adviser	NOUN
cblr-1730	456	10	take	take	VERB
cblr-1730	456	11	into	into	ADP
cblr-1730	456	12	consideration	consideration	NOUN
cblr-1730	456	13	the	the	DET
cblr-1730	456	14	fees	fee	NOUN
cblr-1730	456	15	,	,	PUNCT
cblr-1730	456	16	price	price	NOUN
cblr-1730	456	17	,	,	PUNCT
cblr-1730	456	18	and	and	CCONJ
cblr-1730	456	19	other	other	ADJ
cblr-1730	456	20	relevant	relevant	ADJ
cblr-1730	456	21	information	information	NOUN
cblr-1730	456	22	,	,	PUNCT
cblr-1730	456	23	such	such	ADJ
cblr-1730	456	24	as	as	ADP
cblr-1730	456	25	the	the	DET
cblr-1730	456	26	volatility	volatility	NOUN
cblr-1730	456	27	of	of	ADP
cblr-1730	456	28	securities	security	NOUN
cblr-1730	456	29	,	,	PUNCT
cblr-1730	456	30	to	to	PART
cblr-1730	456	31	ensure	ensure	VERB
cblr-1730	456	32	that	that	SCONJ
cblr-1730	456	33	those	those	PRON
cblr-1730	456	34	recommended	recommend	VERB
cblr-1730	456	35	are	be	AUX
cblr-1730	456	36	in	in	ADP
cblr-1730	456	37	the	the	DET
cblr-1730	456	38	“	"	PUNCT
cblr-1730	456	39	best	good	ADJ
cblr-1730	456	40	interests	interest	NOUN
cblr-1730	456	41	”	"	PUNCT
cblr-1730	456	42	of	of	ADP
cblr-1730	456	43	the	the	DET
cblr-1730	456	44	investor.141	investor.141	NOUN
cblr-1730	456	45	as	as	ADP
cblr-1730	456	46	a	a	DET
cblr-1730	456	47	result	result	NOUN
cblr-1730	456	48	,	,	PUNCT
cblr-1730	456	49	the	the	DET
cblr-1730	456	50	frequency	frequency	NOUN
cblr-1730	456	51	and	and	CCONJ
cblr-1730	456	52	likelihood	likelihood	NOUN
cblr-1730	456	53	of	of	ADP
cblr-1730	456	54	investor	investor	NOUN
cblr-1730	456	55	harm	harm	NOUN
cblr-1730	456	56	would	would	AUX
cblr-1730	456	57	decrease	decrease	VERB
cblr-1730	456	58	as	as	SCONJ
cblr-1730	456	59	financial	financial	ADJ
cblr-1730	456	60	advisers	adviser	NOUN
cblr-1730	456	61	no	no	ADV
cblr-1730	456	62	longer	long	ADV
cblr-1730	456	63	have	have	VERB
cblr-1730	456	64	the	the	DET
cblr-1730	456	65	incentives	incentive	NOUN
cblr-1730	456	66	,	,	PUNCT
cblr-1730	456	67	or	or	CCONJ
cblr-1730	456	68	the	the	DET
cblr-1730	456	69	ability	ability	NOUN
cblr-1730	456	70	,	,	PUNCT
cblr-1730	456	71	to	to	PART
cblr-1730	456	72	offer	offer	VERB
cblr-1730	456	73	equally	equally	ADV
cblr-1730	456	74	suitable	suitable	ADJ
cblr-1730	456	75	but	but	CCONJ
cblr-1730	456	76	more	more	ADV
cblr-1730	456	77	costly	costly	ADJ
cblr-1730	456	78	securities	security	NOUN
cblr-1730	456	79	.	.	PUNCT
cblr-1730	457	1	consumer	consumer	NOUN
cblr-1730	457	2	confusion	confusion	NOUN
cblr-1730	457	3	would	would	AUX
cblr-1730	457	4	also	also	ADV
cblr-1730	457	5	dissipate	dissipate	VERB
cblr-1730	457	6	,	,	PUNCT
cblr-1730	457	7	as	as	SCONJ
cblr-1730	457	8	a	a	DET
cblr-1730	457	9	uniform	uniform	ADJ
cblr-1730	457	10	fiduciary	fiduciary	ADJ
cblr-1730	457	11	standard	standard	NOUN
cblr-1730	457	12	would	would	AUX
cblr-1730	457	13	signal	signal	VERB
cblr-1730	457	14	to	to	ADP
cblr-1730	457	15	all	all	DET
cblr-1730	457	16	investors	investor	NOUN
cblr-1730	457	17	that	that	SCONJ
cblr-1730	457	18	,	,	PUNCT
cblr-1730	457	19	no	no	ADV
cblr-1730	457	20	matter	matter	VERB
cblr-1730	457	21	their	their	PRON
cblr-1730	457	22	financial	financial	ADJ
cblr-1730	457	23	adviser	adviser	NOUN
cblr-1730	457	24	,	,	PUNCT
cblr-1730	457	25	the	the	DET
cblr-1730	457	26	advice	advice	NOUN
cblr-1730	457	27	and	and	CCONJ
cblr-1730	457	28	recommendations	recommendation	NOUN
cblr-1730	457	29	they	they	PRON
cblr-1730	457	30	receive	receive	VERB
cblr-1730	457	31	will	will	AUX
cblr-1730	457	32	be	be	AUX
cblr-1730	457	33	in	in	ADP
cblr-1730	457	34	their	their	PRON
cblr-1730	457	35	best	good	ADJ
cblr-1730	457	36	interests	interest	NOUN
cblr-1730	457	37	.	.	PUNCT
cblr-1730	458	1	as	as	ADP
cblr-1730	458	2	an	an	DET
cblr-1730	458	3	additional	additional	ADJ
cblr-1730	458	4	measure	measure	NOUN
cblr-1730	458	5	,	,	PUNCT
cblr-1730	458	6	fara	fara	PROPN
cblr-1730	458	7	would	would	AUX
cblr-1730	458	8	go	go	VERB
cblr-1730	458	9	one	one	NUM
cblr-1730	458	10	step	step	NOUN
cblr-1730	458	11	further	far	ADV
cblr-1730	458	12	than	than	ADP
cblr-1730	458	13	the	the	DET
cblr-1730	458	14	iaa	iaa	NOUN
cblr-1730	458	15	and	and	CCONJ
cblr-1730	458	16	sea	sea	NOUN
cblr-1730	458	17	by	by	ADP
cblr-1730	458	18	actually	actually	ADV
cblr-1730	458	19	defining	define	VERB
cblr-1730	458	20	“	"	PUNCT
cblr-1730	458	21	investment	investment	NOUN
cblr-1730	458	22	advice	advice	NOUN
cblr-1730	458	23	and	and	CCONJ
cblr-1730	458	24	recommendations	recommendation	NOUN
cblr-1730	458	25	”	"	PUNCT
cblr-1730	458	26	as	as	ADP
cblr-1730	458	27	professional	professional	ADJ
cblr-1730	458	28	or	or	CCONJ
cblr-1730	458	29	formal	formal	ADJ
cblr-1730	458	30	opinion	opinion	NOUN
cblr-1730	458	31	regarding	regard	VERB
cblr-1730	458	32	the	the	DET
cblr-1730	458	33	purchase	purchase	NOUN
cblr-1730	458	34	,	,	PUNCT
cblr-1730	458	35	sale	sale	NOUN
cblr-1730	458	36	,	,	PUNCT
cblr-1730	458	37	or	or	CCONJ
cblr-1730	458	38	similarly	similarly	ADV
cblr-1730	458	39	related	relate	VERB
cblr-1730	458	40	transaction	transaction	NOUN
cblr-1730	458	41	of	of	ADP
cblr-1730	458	42	financial	financial	ADJ
cblr-1730	458	43	instruments	instrument	NOUN
cblr-1730	458	44	and	and	CCONJ
cblr-1730	458	45	securities	security	NOUN
cblr-1730	458	46	after	after	ADP
cblr-1730	458	47	taking	take	VERB
cblr-1730	458	48	into	into	ADP
cblr-1730	458	49	account	account	NOUN
cblr-1730	458	50	the	the	DET
cblr-1730	458	51	investor	investor	NOUN
cblr-1730	458	52	’s	’s	PART
cblr-1730	458	53	specific	specific	ADJ
cblr-1730	458	54	circumstances.142	circumstances.142	PROPN
cblr-1730	458	55	importantly	importantly	ADV
cblr-1730	458	56	,	,	PUNCT
cblr-1730	458	57	fara	fara	PROPN
cblr-1730	458	58	would	would	AUX
cblr-1730	458	59	define	define	VERB
cblr-1730	458	60	a	a	DET
cblr-1730	458	61	“	"	PUNCT
cblr-1730	458	62	professional	professional	ADJ
cblr-1730	458	63	or	or	CCONJ
cblr-1730	458	64	formal	formal	ADJ
cblr-1730	458	65	opinion	opinion	NOUN
cblr-1730	458	66	”	"	PUNCT
cblr-1730	458	67	as	as	ADP
cblr-1730	458	68	advice	advice	NOUN
cblr-1730	458	69	given	give	VERB
cblr-1730	458	70	by	by	ADP
cblr-1730	458	71	an	an	DET
cblr-1730	458	72	adviser	adviser	NOUN
cblr-1730	458	73	,	,	PUNCT
cblr-1730	458	74	broker	broker	NOUN
cblr-1730	458	75	,	,	PUNCT
cblr-1730	458	76	or	or	CCONJ
cblr-1730	458	77	online	online	ADJ
cblr-1730	458	78	platform	platform	NOUN
cblr-1730	458	79	in	in	ADP
cblr-1730	458	80	the	the	DET
cblr-1730	458	81	normal	normal	ADJ
cblr-1730	458	82	course	course	NOUN
cblr-1730	458	83	of	of	ADP
cblr-1730	458	84	serving	serve	VERB
cblr-1730	458	85	their	their	PRON
cblr-1730	458	86	clients	client	NOUN
cblr-1730	458	87	or	or	CCONJ
cblr-1730	458	88	the	the	DET
cblr-1730	458	89	exercise	exercise	NOUN
cblr-1730	458	90	of	of	ADP
cblr-1730	458	91	discretionary	discretionary	ADJ
cblr-1730	458	92	authority	authority	NOUN
cblr-1730	458	93	to	to	PART
cblr-1730	458	94	make	make	VERB
cblr-1730	458	95	investment	investment	NOUN
cblr-1730	458	96	decisions	decision	NOUN
cblr-1730	458	97	on	on	ADP
cblr-1730	458	98	behalf	behalf	NOUN
cblr-1730	458	99	of	of	ADP
cblr-1730	458	100	an	an	DET
cblr-1730	458	101	investor	investor	NOUN
cblr-1730	458	102	’s	’s	PART
cblr-1730	458	103	account.143	account.143	NOUN
cblr-1730	458	104	fara	fara	PROPN
cblr-1730	458	105	would	would	AUX
cblr-1730	458	106	both	both	PRON
cblr-1730	458	107	reduce	reduce	VERB
cblr-1730	458	108	consumer	consumer	NOUN
cblr-1730	458	109	confusion	confusion	NOUN
cblr-1730	458	110	as	as	ADP
cblr-1730	458	111	to	to	ADP
cblr-1730	458	112	what	what	PRON
cblr-1730	458	113	constitutes	constitute	VERB
cblr-1730	458	114	advice	advice	NOUN
cblr-1730	458	115	or	or	CCONJ
cblr-1730	458	116	recommendations	recommendation	NOUN
cblr-1730	458	117	and	and	CCONJ
cblr-1730	458	118	ensure	ensure	VERB
cblr-1730	458	119	that	that	SCONJ
cblr-1730	458	120	the	the	DET
cblr-1730	458	121	uniform	uniform	ADJ
cblr-1730	458	122	fiduciary	fiduciary	ADJ
cblr-1730	458	123	duty	duty	NOUN
cblr-1730	458	124	is	be	AUX
cblr-1730	458	125	consistently	consistently	ADV
cblr-1730	458	126	applied	apply	VERB
cblr-1730	458	127	in	in	ADP
cblr-1730	458	128	the	the	DET
cblr-1730	458	129	investor	investor	NOUN
cblr-1730	458	130	’s	’s	PART
cblr-1730	458	131	favor	favor	NOUN
cblr-1730	458	132	by	by	ADP
cblr-1730	458	133	taking	take	VERB
cblr-1730	458	134	a	a	DET
cblr-1730	458	135	broad	broad	ADJ
cblr-1730	458	136	approach	approach	NOUN
cblr-1730	458	137	to	to	ADP
cblr-1730	458	138	what	what	PRON
cblr-1730	458	139	constitutes	constitute	VERB
cblr-1730	458	140	investment	investment	NOUN
cblr-1730	458	141	advice	advice	NOUN
cblr-1730	458	142	and	and	CCONJ
cblr-1730	458	143	recommendations	recommendation	NOUN
cblr-1730	458	144	.	.	PUNCT
cblr-1730	459	1	liability	liability	NOUN
cblr-1730	459	2	for	for	ADP
cblr-1730	459	3	information	information	NOUN
cblr-1730	459	4	presented	present	VERB
cblr-1730	459	5	online	online	ADV
cblr-1730	459	6	could	could	AUX
cblr-1730	459	7	be	be	AUX
cblr-1730	459	8	a	a	DET
cblr-1730	459	9	concern	concern	NOUN
cblr-1730	459	10	for	for	ADP
cblr-1730	459	11	many	many	ADJ
cblr-1730	459	12	online	online	ADJ
cblr-1730	459	13	platforms	platform	NOUN
cblr-1730	459	14	under	under	ADP
cblr-1730	459	15	the	the	DET
cblr-1730	459	16	fara	fara	PROPN
cblr-1730	459	17	uniform	uniform	PROPN
cblr-1730	459	18	fiduciary	fiduciary	PROPN
cblr-1730	459	19	standard	standard	NOUN
cblr-1730	459	20	.	.	PUNCT
cblr-1730	460	1	as	as	SCONJ
cblr-1730	460	2	discussed	discuss	VERB
cblr-1730	460	3	,	,	PUNCT
cblr-1730	460	4	ensuring	ensure	VERB
cblr-1730	460	5	that	that	SCONJ
cblr-1730	460	6	all	all	DET
cblr-1730	460	7	information	information	NOUN
cblr-1730	460	8	140	140	NUM
cblr-1730	460	9	lazaro	lazaro	NOUN
cblr-1730	460	10	,	,	PUNCT
cblr-1730	460	11	supra	supra	PROPN
cblr-1730	460	12	note	note	NOUN
cblr-1730	460	13	17	17	NUM
cblr-1730	460	14	,	,	PUNCT
cblr-1730	460	15	at	at	ADP
cblr-1730	460	16	413	413	NUM
cblr-1730	460	17	.	.	PUNCT
cblr-1730	460	18	141	141	NUM
cblr-1730	460	19	edwards	edwards	PROPN
cblr-1730	460	20	,	,	PUNCT
cblr-1730	460	21	supra	supra	PROPN
cblr-1730	460	22	note	note	NOUN
cblr-1730	460	23	2	2	NUM
cblr-1730	460	24	,	,	PUNCT
cblr-1730	460	25	at	at	ADP
cblr-1730	460	26	106–07	106–07	NUM
cblr-1730	460	27	.	.	PUNCT
cblr-1730	461	1	see	see	VERB
cblr-1730	461	2	also	also	ADV
cblr-1730	461	3	lazaro	lazaro	NOUN
cblr-1730	461	4	,	,	PUNCT
cblr-1730	461	5	supra	supra	PROPN
cblr-1730	461	6	note	note	NOUN
cblr-1730	461	7	17	17	NUM
cblr-1730	461	8	,	,	PUNCT
cblr-1730	461	9	at	at	ADP
cblr-1730	461	10	413	413	NUM
cblr-1730	461	11	.	.	PUNCT
cblr-1730	462	1	142	142	NUM
cblr-1730	462	2	see	see	VERB
cblr-1730	462	3	sec	sec	PROPN
cblr-1730	462	4	study	study	NOUN
cblr-1730	462	5	,	,	PUNCT
cblr-1730	462	6	supra	supra	PROPN
cblr-1730	462	7	note	note	PROPN
cblr-1730	462	8	6	6	NUM
cblr-1730	462	9	,	,	PUNCT
cblr-1730	462	10	at	at	ADP
cblr-1730	462	11	125–26	125–26	NUM
cblr-1730	462	12	.	.	PUNCT
cblr-1730	463	1	143	143	NUM
cblr-1730	463	2	i	i	PROPN
cblr-1730	463	3	d.	d.	PROPN
cblr-1730	463	4	smith	smith	PROPN
cblr-1730	463	5	–	–	PUNCT
cblr-1730	463	6	final	final	ADJ
cblr-1730	463	7	no	no	NOUN
cblr-1730	463	8	.	.	PUNCT
cblr-1730	464	1	3:1200	3:1200	NUM
cblr-1730	464	2	]	]	X
cblr-1730	464	3	a	a	DET
cblr-1730	464	4	uniform	uniform	ADJ
cblr-1730	464	5	fiduciary	fiduciary	ADJ
cblr-1730	464	6	duty	duty	NOUN
cblr-1730	464	7	1235	1235	NUM
cblr-1730	464	8	presented	present	VERB
cblr-1730	464	9	on	on	ADP
cblr-1730	464	10	an	an	DET
cblr-1730	464	11	online	online	ADJ
cblr-1730	464	12	platform	platform	NOUN
cblr-1730	464	13	is	be	AUX
cblr-1730	464	14	in	in	ADP
cblr-1730	464	15	the	the	DET
cblr-1730	464	16	interest	interest	NOUN
cblr-1730	464	17	of	of	ADP
cblr-1730	464	18	every	every	DET
cblr-1730	464	19	user	user	NOUN
cblr-1730	464	20	is	be	AUX
cblr-1730	464	21	impractical	impractical	ADJ
cblr-1730	464	22	,	,	PUNCT
cblr-1730	464	23	if	if	SCONJ
cblr-1730	464	24	not	not	PART
cblr-1730	464	25	impossible	impossible	ADJ
cblr-1730	464	26	to	to	PART
cblr-1730	464	27	ensure	ensure	VERB
cblr-1730	464	28	that	that	SCONJ
cblr-1730	464	29	all	all	DET
cblr-1730	464	30	information	information	NOUN
cblr-1730	464	31	presented	present	VERB
cblr-1730	464	32	on	on	ADP
cblr-1730	464	33	an	an	DET
cblr-1730	464	34	online	online	ADJ
cblr-1730	464	35	platform	platform	NOUN
cblr-1730	464	36	is	be	AUX
cblr-1730	464	37	in	in	ADP
cblr-1730	464	38	the	the	DET
cblr-1730	464	39	best	good	ADJ
cblr-1730	464	40	interest	interest	NOUN
cblr-1730	464	41	of	of	ADP
cblr-1730	464	42	every	every	DET
cblr-1730	464	43	user	user	NOUN
cblr-1730	464	44	.	.	PUNCT
cblr-1730	465	1	therefore	therefore	ADV
cblr-1730	465	2	,	,	PUNCT
cblr-1730	465	3	fara	fara	PROPN
cblr-1730	465	4	would	would	AUX
cblr-1730	465	5	make	make	VERB
cblr-1730	465	6	clear	clear	ADJ
cblr-1730	465	7	that	that	SCONJ
cblr-1730	465	8	,	,	PUNCT
cblr-1730	465	9	for	for	ADP
cblr-1730	465	10	online	online	ADJ
cblr-1730	465	11	platforms	platform	NOUN
cblr-1730	465	12	only	only	ADV
cblr-1730	465	13	,	,	PUNCT
cblr-1730	465	14	any	any	DET
cblr-1730	465	15	information	information	NOUN
cblr-1730	465	16	presented	present	VERB
cblr-1730	465	17	on	on	ADP
cblr-1730	465	18	the	the	DET
cblr-1730	465	19	personal	personal	ADJ
cblr-1730	465	20	account	account	NOUN
cblr-1730	465	21	web	web	NOUN
cblr-1730	465	22	page	page	NOUN
cblr-1730	465	23	of	of	ADP
cblr-1730	465	24	an	an	DET
cblr-1730	465	25	investor	investor	NOUN
cblr-1730	465	26	,	,	PUNCT
cblr-1730	465	27	as	as	ADV
cblr-1730	465	28	well	well	ADV
cblr-1730	465	29	as	as	ADP
cblr-1730	465	30	any	any	DET
cblr-1730	465	31	information	information	NOUN
cblr-1730	465	32	presented	present	VERB
cblr-1730	465	33	as	as	ADP
cblr-1730	465	34	advice	advice	NOUN
cblr-1730	465	35	or	or	CCONJ
cblr-1730	465	36	recommendations	recommendation	NOUN
cblr-1730	465	37	,	,	PUNCT
cblr-1730	465	38	must	must	AUX
cblr-1730	465	39	be	be	AUX
cblr-1730	465	40	in	in	ADP
cblr-1730	465	41	the	the	DET
cblr-1730	465	42	investor	investor	NOUN
cblr-1730	465	43	’s	’s	PART
cblr-1730	465	44	best	good	ADJ
cblr-1730	465	45	interest	interest	NOUN
cblr-1730	465	46	.	.	PUNCT
cblr-1730	466	1	information	information	NOUN
cblr-1730	466	2	presented	present	VERB
cblr-1730	466	3	generally	generally	ADV
cblr-1730	466	4	will	will	AUX
cblr-1730	466	5	not	not	PART
cblr-1730	466	6	be	be	AUX
cblr-1730	466	7	subject	subject	ADJ
cblr-1730	466	8	to	to	ADP
cblr-1730	466	9	the	the	DET
cblr-1730	466	10	uniform	uniform	ADJ
cblr-1730	466	11	fiduciary	fiduciary	ADJ
cblr-1730	466	12	standard	standard	NOUN
cblr-1730	466	13	.	.	PUNCT
cblr-1730	467	1	however	however	ADV
cblr-1730	467	2	,	,	PUNCT
cblr-1730	467	3	research	research	NOUN
cblr-1730	467	4	tools	tool	NOUN
cblr-1730	467	5	and	and	CCONJ
cblr-1730	467	6	functions	function	NOUN
cblr-1730	467	7	would	would	AUX
cblr-1730	467	8	be	be	AUX
cblr-1730	467	9	construed	construe	VERB
cblr-1730	467	10	as	as	ADP
cblr-1730	467	11	investment	investment	NOUN
cblr-1730	467	12	advice	advice	NOUN
cblr-1730	467	13	and	and	CCONJ
cblr-1730	467	14	recommendations	recommendation	NOUN
cblr-1730	467	15	under	under	ADP
cblr-1730	467	16	fara	fara	NOUN
cblr-1730	467	17	when	when	SCONJ
cblr-1730	467	18	they	they	PRON
cblr-1730	467	19	respond	respond	VERB
cblr-1730	467	20	to	to	ADP
cblr-1730	467	21	inputs	input	NOUN
cblr-1730	467	22	supplied	supply	VERB
cblr-1730	467	23	by	by	ADP
cblr-1730	467	24	the	the	DET
cblr-1730	467	25	investor	investor	NOUN
cblr-1730	467	26	with	with	ADP
cblr-1730	467	27	suggestions	suggestion	NOUN
cblr-1730	467	28	for	for	ADP
cblr-1730	467	29	securities	security	NOUN
cblr-1730	467	30	or	or	CCONJ
cblr-1730	467	31	other	other	ADJ
cblr-1730	467	32	financial	financial	ADJ
cblr-1730	467	33	instruments	instrument	NOUN
cblr-1730	467	34	.	.	PUNCT
cblr-1730	468	1	in	in	ADP
cblr-1730	468	2	effect	effect	NOUN
cblr-1730	468	3	,	,	PUNCT
cblr-1730	468	4	these	these	DET
cblr-1730	468	5	tools	tool	NOUN
cblr-1730	468	6	provide	provide	VERB
cblr-1730	468	7	a	a	DET
cblr-1730	468	8	professional	professional	ADJ
cblr-1730	468	9	or	or	CCONJ
cblr-1730	468	10	formal	formal	ADJ
cblr-1730	468	11	opinion	opinion	NOUN
cblr-1730	468	12	regarding	regard	VERB
cblr-1730	468	13	a	a	DET
cblr-1730	468	14	transaction	transaction	NOUN
cblr-1730	468	15	of	of	ADP
cblr-1730	468	16	financial	financial	ADJ
cblr-1730	468	17	instruments	instrument	NOUN
cblr-1730	468	18	after	after	ADP
cblr-1730	468	19	taking	take	VERB
cblr-1730	468	20	into	into	ADP
cblr-1730	468	21	account	account	NOUN
cblr-1730	468	22	the	the	DET
cblr-1730	468	23	investor	investor	NOUN
cblr-1730	468	24	’s	’s	PART
cblr-1730	468	25	specific	specific	ADJ
cblr-1730	468	26	circumstances	circumstance	NOUN
cblr-1730	468	27	.	.	PUNCT
cblr-1730	469	1	based	base	VERB
cblr-1730	469	2	on	on	ADP
cblr-1730	469	3	the	the	DET
cblr-1730	469	4	definitions	definition	NOUN
cblr-1730	469	5	provided	provide	VERB
cblr-1730	469	6	in	in	ADP
cblr-1730	469	7	the	the	DET
cblr-1730	469	8	preceding	precede	VERB
cblr-1730	469	9	paragraphs	paragraph	NOUN
cblr-1730	469	10	,	,	PUNCT
cblr-1730	469	11	both	both	PRON
cblr-1730	469	12	advisers	adviser	NOUN
cblr-1730	469	13	and	and	CCONJ
cblr-1730	469	14	traditional	traditional	ADJ
cblr-1730	469	15	brokers	broker	NOUN
cblr-1730	469	16	under	under	ADP
cblr-1730	469	17	fara	fara	NOUN
cblr-1730	469	18	provide	provide	VERB
cblr-1730	469	19	investment	investment	NOUN
cblr-1730	469	20	advice	advice	NOUN
cblr-1730	469	21	and	and	CCONJ
cblr-1730	469	22	recommendations	recommendation	NOUN
cblr-1730	469	23	to	to	ADP
cblr-1730	469	24	their	their	PRON
cblr-1730	469	25	clients	client	NOUN
cblr-1730	469	26	when	when	SCONJ
cblr-1730	469	27	they	they	PRON
cblr-1730	469	28	suggest	suggest	VERB
cblr-1730	469	29	investing	invest	VERB
cblr-1730	469	30	in	in	ADP
cblr-1730	469	31	particular	particular	ADJ
cblr-1730	469	32	securities	security	NOUN
cblr-1730	469	33	based	base	VERB
cblr-1730	469	34	on	on	ADP
cblr-1730	469	35	information	information	NOUN
cblr-1730	469	36	about	about	ADP
cblr-1730	469	37	or	or	CCONJ
cblr-1730	469	38	provided	provide	VERB
cblr-1730	469	39	by	by	ADP
cblr-1730	469	40	their	their	PRON
cblr-1730	469	41	clients	client	NOUN
cblr-1730	469	42	.	.	PUNCT
cblr-1730	470	1	hence	hence	ADV
cblr-1730	470	2	,	,	PUNCT
cblr-1730	470	3	the	the	DET
cblr-1730	470	4	uniform	uniform	ADJ
cblr-1730	470	5	fiduciary	fiduciary	PROPN
cblr-1730	470	6	standard	standard	PROPN
cblr-1730	470	7	applies	applie	NOUN
cblr-1730	470	8	and	and	CCONJ
cblr-1730	470	9	the	the	DET
cblr-1730	470	10	securities	security	NOUN
cblr-1730	470	11	must	must	AUX
cblr-1730	470	12	be	be	AUX
cblr-1730	470	13	in	in	ADP
cblr-1730	470	14	the	the	DET
cblr-1730	470	15	investor	investor	NOUN
cblr-1730	470	16	’s	’s	PART
cblr-1730	470	17	best	good	ADJ
cblr-1730	470	18	interests	interest	NOUN
cblr-1730	470	19	.	.	PUNCT
cblr-1730	471	1	for	for	SCONJ
cblr-1730	471	2	the	the	DET
cblr-1730	471	3	uniform	uniform	ADJ
cblr-1730	471	4	fiduciary	fiduciary	ADJ
cblr-1730	471	5	standard	standard	NOUN
cblr-1730	471	6	to	to	PART
cblr-1730	471	7	truly	truly	ADV
cblr-1730	471	8	be	be	AUX
cblr-1730	471	9	uniform	uniform	ADJ
cblr-1730	471	10	,	,	PUNCT
cblr-1730	471	11	it	it	PRON
cblr-1730	471	12	must	must	AUX
cblr-1730	471	13	apply	apply	VERB
cblr-1730	471	14	to	to	ADP
cblr-1730	471	15	similarly	similarly	ADV
cblr-1730	471	16	situated	situate	VERB
cblr-1730	471	17	online	online	ADJ
cblr-1730	471	18	platforms	platform	NOUN
cblr-1730	471	19	.	.	PUNCT
cblr-1730	472	1	research	research	NOUN
cblr-1730	472	2	tools	tool	NOUN
cblr-1730	472	3	,	,	PUNCT
cblr-1730	472	4	when	when	SCONJ
cblr-1730	472	5	responding	respond	VERB
cblr-1730	472	6	to	to	ADP
cblr-1730	472	7	investor	investor	NOUN
cblr-1730	472	8	inputs	input	NOUN
cblr-1730	472	9	with	with	ADP
cblr-1730	472	10	securities	security	NOUN
cblr-1730	472	11	suggestions	suggestion	NOUN
cblr-1730	472	12	,	,	PUNCT
cblr-1730	472	13	provide	provide	VERB
cblr-1730	472	14	advice	advice	NOUN
cblr-1730	472	15	and	and	CCONJ
cblr-1730	472	16	recommendations	recommendation	NOUN
cblr-1730	472	17	in	in	ADP
cblr-1730	472	18	the	the	DET
cblr-1730	472	19	same	same	ADJ
cblr-1730	472	20	manner	manner	NOUN
cblr-1730	472	21	as	as	ADP
cblr-1730	472	22	advisers	adviser	NOUN
cblr-1730	472	23	and	and	CCONJ
cblr-1730	472	24	brokers	broker	NOUN
cblr-1730	472	25	.	.	PUNCT
cblr-1730	473	1	applying	apply	VERB
cblr-1730	473	2	the	the	DET
cblr-1730	473	3	uniform	uniform	ADJ
cblr-1730	473	4	fiduciary	fiduciary	ADJ
cblr-1730	473	5	standard	standard	NOUN
cblr-1730	473	6	to	to	PART
cblr-1730	473	7	research	research	NOUN
cblr-1730	473	8	tools	tool	NOUN
cblr-1730	473	9	will	will	AUX
cblr-1730	473	10	ensure	ensure	VERB
cblr-1730	473	11	that	that	SCONJ
cblr-1730	473	12	,	,	PUNCT
cblr-1730	473	13	no	no	ADV
cblr-1730	473	14	matter	matter	ADV
cblr-1730	473	15	the	the	DET
cblr-1730	473	16	form	form	NOUN
cblr-1730	473	17	of	of	ADP
cblr-1730	473	18	financial	financial	ADJ
cblr-1730	473	19	adviser	adviser	NOUN
cblr-1730	473	20	used	use	VERB
cblr-1730	473	21	,	,	PUNCT
cblr-1730	473	22	investors	investor	NOUN
cblr-1730	473	23	always	always	ADV
cblr-1730	473	24	receive	receive	VERB
cblr-1730	473	25	securities	security	NOUN
cblr-1730	473	26	recommendations	recommendation	NOUN
cblr-1730	473	27	that	that	PRON
cblr-1730	473	28	are	be	AUX
cblr-1730	473	29	in	in	ADP
cblr-1730	473	30	their	their	PRON
cblr-1730	473	31	best	good	ADJ
cblr-1730	473	32	interests	interest	NOUN
cblr-1730	473	33	.	.	PUNCT
cblr-1730	474	1	this	this	DET
cblr-1730	474	2	standard	standard	ADJ
cblr-1730	474	3	best	good	ADJ
cblr-1730	474	4	balances	balance	NOUN
cblr-1730	474	5	the	the	DET
cblr-1730	474	6	practical	practical	ADJ
cblr-1730	474	7	needs	need	NOUN
cblr-1730	474	8	of	of	ADP
cblr-1730	474	9	the	the	DET
cblr-1730	474	10	online	online	ADJ
cblr-1730	474	11	platform	platform	NOUN
cblr-1730	474	12	to	to	PART
cblr-1730	474	13	provide	provide	VERB
cblr-1730	474	14	general	general	ADJ
cblr-1730	474	15	information	information	NOUN
cblr-1730	474	16	and	and	CCONJ
cblr-1730	474	17	educational	educational	ADJ
cblr-1730	474	18	tools	tool	NOUN
cblr-1730	474	19	against	against	ADP
cblr-1730	474	20	the	the	DET
cblr-1730	474	21	investors	investor	NOUN
cblr-1730	474	22	’	’	PART
cblr-1730	474	23	concerns	concern	NOUN
cblr-1730	474	24	regarding	regard	VERB
cblr-1730	474	25	the	the	DET
cblr-1730	474	26	level	level	NOUN
cblr-1730	474	27	of	of	ADP
cblr-1730	474	28	legal	legal	ADJ
cblr-1730	474	29	protection	protection	NOUN
cblr-1730	474	30	being	be	AUX
cblr-1730	474	31	afforded	afford	VERB
cblr-1730	474	32	and	and	CCONJ
cblr-1730	474	33	quality	quality	NOUN
cblr-1730	474	34	of	of	ADP
cblr-1730	474	35	advice	advice	NOUN
cblr-1730	474	36	and	and	CCONJ
cblr-1730	474	37	services	service	NOUN
cblr-1730	474	38	rendered	render	VERB
cblr-1730	474	39	.	.	PUNCT
cblr-1730	475	1	unlike	unlike	ADP
cblr-1730	475	2	the	the	DET
cblr-1730	475	3	sec	sec	PROPN
cblr-1730	475	4	’s	’s	PART
cblr-1730	475	5	proposed	propose	VERB
cblr-1730	475	6	unified	unified	ADJ
cblr-1730	475	7	standard	standard	NOUN
cblr-1730	475	8	,	,	PUNCT
cblr-1730	475	9	fara	fara	PROPN
cblr-1730	475	10	would	would	AUX
cblr-1730	475	11	maintain	maintain	VERB
cblr-1730	475	12	the	the	DET
cblr-1730	475	13	notice	notice	NOUN
cblr-1730	475	14	and	and	CCONJ
cblr-1730	475	15	consent	consent	NOUN
cblr-1730	475	16	requirements	requirement	NOUN
cblr-1730	475	17	of	of	ADP
cblr-1730	475	18	iaa	iaa	ADJ
cblr-1730	475	19	section	section	NOUN
cblr-1730	475	20	206(3	206(3	NUM
cblr-1730	475	21	)	)	PUNCT
cblr-1730	475	22	in	in	ADP
cblr-1730	475	23	addition	addition	NOUN
cblr-1730	475	24	to	to	ADP
cblr-1730	475	25	mandating	mandate	VERB
cblr-1730	475	26	the	the	DET
cblr-1730	475	27	disclosure	disclosure	NOUN
cblr-1730	475	28	of	of	ADP
cblr-1730	475	29	any	any	DET
cblr-1730	475	30	material	material	NOUN
cblr-1730	475	31	smith	smith	NOUN
cblr-1730	475	32	–	–	PUNCT
cblr-1730	476	1	final	final	ADJ
cblr-1730	476	2	1236	1236	NUM
cblr-1730	476	3	columbia	columbia	PROPN
cblr-1730	476	4	business	business	NOUN
cblr-1730	476	5	law	law	PROPN
cblr-1730	476	6	review	review	NOUN
cblr-1730	476	7	[	[	X
cblr-1730	476	8	vol	vol	NOUN
cblr-1730	476	9	.	.	NOUN
cblr-1730	476	10	2017	2017	NUM
cblr-1730	476	11	conflicts	conflict	NOUN
cblr-1730	476	12	of	of	ADP
cblr-1730	476	13	interest	interest	NOUN
cblr-1730	476	14	,	,	PUNCT
cblr-1730	476	15	and	and	CCONJ
cblr-1730	476	16	apply	apply	VERB
cblr-1730	476	17	them	they	PRON
cblr-1730	476	18	to	to	ADP
cblr-1730	476	19	all	all	DET
cblr-1730	476	20	financial	financial	ADJ
cblr-1730	476	21	advisers.144	advisers.144	DET
cblr-1730	476	22	the	the	DET
cblr-1730	476	23	anti	anti	ADJ
cblr-1730	476	24	-	-	ADJ
cblr-1730	476	25	fraud	fraud	ADJ
cblr-1730	476	26	and	and	CCONJ
cblr-1730	476	27	negligence	negligence	NOUN
cblr-1730	476	28	elements	element	NOUN
cblr-1730	476	29	of	of	ADP
cblr-1730	476	30	iaa	iaa	ADJ
cblr-1730	476	31	sections	section	NOUN
cblr-1730	476	32	206(1	206(1	NUM
cblr-1730	476	33	)	)	PUNCT
cblr-1730	476	34	and	and	CCONJ
cblr-1730	476	35	(	(	PUNCT
cblr-1730	476	36	2	2	X
cblr-1730	476	37	)	)	PUNCT
cblr-1730	476	38	would	would	AUX
cblr-1730	476	39	also	also	ADV
cblr-1730	476	40	remain.145	remain.145	VERB
cblr-1730	476	41	the	the	DET
cblr-1730	476	42	two	two	NUM
cblr-1730	476	43	elements	element	NOUN
cblr-1730	476	44	of	of	ADP
cblr-1730	476	45	the	the	DET
cblr-1730	476	46	fiduciary	fiduciary	ADJ
cblr-1730	476	47	duties	duty	NOUN
cblr-1730	476	48	of	of	ADP
cblr-1730	476	49	loyalty	loyalty	NOUN
cblr-1730	476	50	and	and	CCONJ
cblr-1730	476	51	care	care	NOUN
cblr-1730	476	52	should	should	AUX
cblr-1730	476	53	inherently	inherently	ADV
cblr-1730	476	54	bar	bar	VERB
cblr-1730	476	55	financial	financial	ADJ
cblr-1730	476	56	advisers	adviser	NOUN
cblr-1730	476	57	from	from	ADP
cblr-1730	476	58	taking	take	VERB
cblr-1730	476	59	advantage	advantage	NOUN
cblr-1730	476	60	of	of	ADP
cblr-1730	476	61	their	their	PRON
cblr-1730	476	62	clients	client	NOUN
cblr-1730	476	63	’	'	PUNCT
cblr-1730	476	64	accounts	account	NOUN
cblr-1730	476	65	over	over	ADP
cblr-1730	476	66	which	which	PRON
cblr-1730	476	67	they	they	PRON
cblr-1730	476	68	exercise	exercise	VERB
cblr-1730	476	69	discretionary	discretionary	ADJ
cblr-1730	476	70	or	or	CCONJ
cblr-1730	476	71	de	de	X
cblr-1730	476	72	facto	facto	X
cblr-1730	476	73	control	control	NOUN
cblr-1730	476	74	.	.	PUNCT
cblr-1730	477	1	however	however	ADV
cblr-1730	477	2	,	,	PUNCT
cblr-1730	477	3	investors	investor	NOUN
cblr-1730	477	4	should	should	AUX
cblr-1730	477	5	be	be	AUX
cblr-1730	477	6	afforded	afford	VERB
cblr-1730	477	7	the	the	DET
cblr-1730	477	8	full	full	ADJ
cblr-1730	477	9	panoply	panoply	NOUN
cblr-1730	477	10	of	of	ADP
cblr-1730	477	11	protections	protection	NOUN
cblr-1730	477	12	in	in	ADP
cblr-1730	477	13	this	this	DET
cblr-1730	477	14	area	area	NOUN
cblr-1730	477	15	,	,	PUNCT
cblr-1730	477	16	including	include	VERB
cblr-1730	477	17	those	those	PRON
cblr-1730	477	18	under	under	ADP
cblr-1730	477	19	section	section	NOUN
cblr-1730	477	20	206(3	206(3	NUM
cblr-1730	477	21	)	)	PUNCT
cblr-1730	477	22	,	,	PUNCT
cblr-1730	477	23	to	to	PART
cblr-1730	477	24	avoid	avoid	VERB
cblr-1730	477	25	any	any	DET
cblr-1730	477	26	possibility	possibility	NOUN
cblr-1730	477	27	of	of	ADP
cblr-1730	477	28	investor	investor	NOUN
cblr-1730	477	29	harm	harm	NOUN
cblr-1730	477	30	,	,	PUNCT
cblr-1730	477	31	since	since	SCONJ
cblr-1730	477	32	circumstances	circumstance	NOUN
cblr-1730	477	33	of	of	ADP
cblr-1730	477	34	discretionary	discretionary	ADJ
cblr-1730	477	35	or	or	CCONJ
cblr-1730	477	36	de	de	ADV
cblr-1730	477	37	facto	facto	X
cblr-1730	477	38	control	control	NOUN
cblr-1730	477	39	create	create	VERB
cblr-1730	477	40	the	the	DET
cblr-1730	477	41	trust	trust	NOUN
cblr-1730	477	42	-	-	PUNCT
cblr-1730	477	43	based	base	VERB
cblr-1730	477	44	relationship	relationship	NOUN
cblr-1730	477	45	that	that	PRON
cblr-1730	477	46	has	have	AUX
cblr-1730	477	47	been	be	AUX
cblr-1730	477	48	at	at	ADP
cblr-1730	477	49	the	the	DET
cblr-1730	477	50	heart	heart	NOUN
cblr-1730	477	51	of	of	ADP
cblr-1730	477	52	courts	court	NOUN
cblr-1730	477	53	’	'	PUNCT
cblr-1730	477	54	reasoning	reasoning	NOUN
cblr-1730	477	55	for	for	ADP
cblr-1730	477	56	expanding	expand	VERB
cblr-1730	477	57	fiduciary	fiduciary	ADJ
cblr-1730	477	58	obligations	obligation	NOUN
cblr-1730	477	59	to	to	ADP
cblr-1730	477	60	brokers.146	brokers.146	PROPN
cblr-1730	477	61	finally	finally	ADV
cblr-1730	477	62	,	,	PUNCT
cblr-1730	477	63	the	the	DET
cblr-1730	477	64	fara	fara	PROPN
cblr-1730	477	65	uniform	uniform	PROPN
cblr-1730	477	66	standard	standard	PROPN
cblr-1730	477	67	should	should	AUX
cblr-1730	477	68	expressly	expressly	ADV
cblr-1730	477	69	include	include	VERB
cblr-1730	477	70	an	an	DET
cblr-1730	477	71	unwaivable	unwaivable	ADJ
cblr-1730	477	72	private	private	ADJ
cblr-1730	477	73	right	right	NOUN
cblr-1730	477	74	of	of	ADP
cblr-1730	477	75	action	action	NOUN
cblr-1730	477	76	in	in	ADP
cblr-1730	477	77	federal	federal	ADJ
cblr-1730	477	78	court	court	NOUN
cblr-1730	477	79	for	for	ADP
cblr-1730	477	80	violations	violation	NOUN
cblr-1730	477	81	of	of	ADP
cblr-1730	477	82	its	its	PRON
cblr-1730	477	83	terms	term	NOUN
cblr-1730	477	84	or	or	CCONJ
cblr-1730	477	85	fiduciary	fiduciary	ADJ
cblr-1730	477	86	duties.147	duties.147	NOUN
cblr-1730	477	87	this	this	DET
cblr-1730	477	88	right	right	NOUN
cblr-1730	477	89	of	of	ADP
cblr-1730	477	90	action	action	NOUN
cblr-1730	477	91	would	would	AUX
cblr-1730	477	92	guarantee	guarantee	VERB
cblr-1730	477	93	that	that	SCONJ
cblr-1730	477	94	investors	investor	NOUN
cblr-1730	477	95	,	,	PUNCT
cblr-1730	477	96	and	and	CCONJ
cblr-1730	477	97	in	in	ADP
cblr-1730	477	98	particular	particular	ADJ
cblr-1730	477	99	online	online	ADJ
cblr-1730	477	100	platform	platform	NOUN
cblr-1730	477	101	users	user	NOUN
cblr-1730	477	102	,	,	PUNCT
cblr-1730	477	103	are	be	AUX
cblr-1730	477	104	given	give	VERB
cblr-1730	477	105	a	a	DET
cblr-1730	477	106	right	right	NOUN
cblr-1730	477	107	to	to	ADP
cblr-1730	477	108	recovery	recovery	NOUN
cblr-1730	477	109	that	that	PRON
cblr-1730	477	110	can	can	AUX
cblr-1730	477	111	not	not	PART
cblr-1730	477	112	be	be	AUX
cblr-1730	477	113	waived	waive	VERB
cblr-1730	477	114	by	by	ADP
cblr-1730	477	115	any	any	DET
cblr-1730	477	116	investor	investor	NOUN
cblr-1730	477	117	agreement	agreement	NOUN
cblr-1730	477	118	they	they	PRON
cblr-1730	477	119	might	might	AUX
cblr-1730	477	120	sign	sign	VERB
cblr-1730	477	121	.	.	PUNCT
cblr-1730	478	1	it	it	PRON
cblr-1730	478	2	would	would	AUX
cblr-1730	478	3	make	make	VERB
cblr-1730	478	4	clear	clear	ADJ
cblr-1730	478	5	to	to	ADP
cblr-1730	478	6	parties	party	NOUN
cblr-1730	478	7	the	the	DET
cblr-1730	478	8	relevant	relevant	ADJ
cblr-1730	478	9	governing	govern	VERB
cblr-1730	478	10	law	law	NOUN
cblr-1730	478	11	in	in	ADP
cblr-1730	478	12	all	all	DET
cblr-1730	478	13	circumstances	circumstance	NOUN
cblr-1730	478	14	,	,	PUNCT
cblr-1730	478	15	which	which	PRON
cblr-1730	478	16	further	far	ADV
cblr-1730	478	17	reduces	reduce	VERB
cblr-1730	478	18	confusion	confusion	NOUN
cblr-1730	478	19	and	and	CCONJ
cblr-1730	478	20	potential	potential	ADJ
cblr-1730	478	21	harm	harm	NOUN
cblr-1730	478	22	.	.	PUNCT
cblr-1730	479	1	fara	fara	PROPN
cblr-1730	479	2	substantially	substantially	ADV
cblr-1730	479	3	reduces	reduce	VERB
cblr-1730	479	4	both	both	DET
cblr-1730	479	5	confusion	confusion	NOUN
cblr-1730	479	6	and	and	CCONJ
cblr-1730	479	7	the	the	DET
cblr-1730	479	8	risk	risk	NOUN
cblr-1730	479	9	of	of	ADP
cblr-1730	479	10	investor	investor	NOUN
cblr-1730	479	11	harm	harm	NOUN
cblr-1730	479	12	by	by	ADP
cblr-1730	479	13	ensuring	ensure	VERB
cblr-1730	479	14	that	that	SCONJ
cblr-1730	479	15	advisers	adviser	NOUN
cblr-1730	479	16	,	,	PUNCT
cblr-1730	479	17	brokers	broker	NOUN
cblr-1730	479	18	,	,	PUNCT
cblr-1730	479	19	and	and	CCONJ
cblr-1730	479	20	online	online	ADJ
cblr-1730	479	21	platforms	platform	NOUN
cblr-1730	479	22	are	be	AUX
cblr-1730	479	23	subject	subject	ADJ
cblr-1730	479	24	to	to	ADP
cblr-1730	479	25	a	a	DET
cblr-1730	479	26	single	single	ADJ
cblr-1730	479	27	fiduciary	fiduciary	ADJ
cblr-1730	479	28	standard	standard	NOUN
cblr-1730	479	29	.	.	PUNCT
cblr-1730	480	1	however	however	ADV
cblr-1730	480	2	,	,	PUNCT
cblr-1730	480	3	practicality	practicality	NOUN
cblr-1730	480	4	and	and	CCONJ
cblr-1730	480	5	market	market	NOUN
cblr-1730	480	6	efficiency	efficiency	NOUN
cblr-1730	480	7	concerns	concern	NOUN
cblr-1730	480	8	require	require	VERB
cblr-1730	480	9	that	that	SCONJ
cblr-1730	480	10	investors	investor	NOUN
cblr-1730	480	11	retain	retain	VERB
cblr-1730	480	12	their	their	PRON
cblr-1730	480	13	ability	ability	NOUN
cblr-1730	480	14	to	to	PART
cblr-1730	480	15	choose	choose	VERB
cblr-1730	480	16	how	how	SCONJ
cblr-1730	480	17	they	they	PRON
cblr-1730	480	18	interact	interact	VERB
cblr-1730	480	19	with	with	ADP
cblr-1730	480	20	their	their	PRON
cblr-1730	480	21	financial	financial	ADJ
cblr-1730	480	22	advisers	adviser	NOUN
cblr-1730	480	23	.	.	PUNCT
cblr-1730	481	1	under	under	ADP
cblr-1730	481	2	fara	fara	PROPN
cblr-1730	481	3	,	,	PUNCT
cblr-1730	481	4	the	the	DET
cblr-1730	481	5	level	level	NOUN
cblr-1730	481	6	of	of	ADP
cblr-1730	481	7	service	service	NOUN
cblr-1730	481	8	selected	select	VERB
cblr-1730	481	9	by	by	ADP
cblr-1730	481	10	the	the	DET
cblr-1730	481	11	investor	investor	NOUN
cblr-1730	481	12	would	would	AUX
cblr-1730	481	13	determine	determine	VERB
cblr-1730	481	14	any	any	DET
cblr-1730	481	15	additional	additional	ADJ
cblr-1730	481	16	rights	right	NOUN
cblr-1730	481	17	and	and	CCONJ
cblr-1730	481	18	obligations	obligation	NOUN
cblr-1730	481	19	of	of	ADP
cblr-1730	481	20	the	the	DET
cblr-1730	481	21	parties	party	NOUN
cblr-1730	481	22	,	,	PUNCT
cblr-1730	481	23	as	as	ADV
cblr-1730	481	24	well	well	ADV
cblr-1730	481	25	as	as	ADP
cblr-1730	481	26	the	the	DET
cblr-1730	481	27	potential	potential	ADJ
cblr-1730	481	28	compensation	compensation	NOUN
cblr-1730	481	29	schemes	scheme	NOUN
cblr-1730	481	30	.	.	PUNCT
cblr-1730	482	1	b.	b.	PROPN
cblr-1730	482	2	separate	separate	ADJ
cblr-1730	482	3	by	by	ADP
cblr-1730	482	4	service	service	NOUN
cblr-1730	482	5	the	the	DET
cblr-1730	482	6	inefficiency	inefficiency	NOUN
cblr-1730	482	7	of	of	ADP
cblr-1730	482	8	a	a	DET
cblr-1730	482	9	single	single	ADJ
cblr-1730	482	10	level	level	NOUN
cblr-1730	482	11	of	of	ADP
cblr-1730	482	12	investment	investment	NOUN
cblr-1730	482	13	service	service	NOUN
cblr-1730	482	14	would	would	AUX
cblr-1730	482	15	likely	likely	ADV
cblr-1730	482	16	outweigh	outweigh	VERB
cblr-1730	482	17	the	the	DET
cblr-1730	482	18	corresponding	corresponding	ADJ
cblr-1730	482	19	reduction	reduction	NOUN
cblr-1730	482	20	in	in	ADP
cblr-1730	482	21	con	con	PROPN
cblr-1730	482	22	144	144	NUM
cblr-1730	482	23	i	i	PRON
cblr-1730	482	24	d.	d.	PROPN
cblr-1730	482	25	at	at	ADP
cblr-1730	482	26	120	120	NUM
cblr-1730	482	27	;	;	PUNCT
cblr-1730	482	28	lazaro	lazaro	NOUN
cblr-1730	482	29	,	,	PUNCT
cblr-1730	482	30	supra	supra	PROPN
cblr-1730	482	31	note	note	NOUN
cblr-1730	482	32	17	17	NUM
cblr-1730	482	33	,	,	PUNCT
cblr-1730	482	34	at	at	ADP
cblr-1730	482	35	410	410	NUM
cblr-1730	482	36	.	.	PUNCT
cblr-1730	482	37	145	145	NUM
cblr-1730	482	38	investment	investment	NOUN
cblr-1730	482	39	advisers	adviser	NOUN
cblr-1730	482	40	act	act	VERB
cblr-1730	482	41	of	of	ADP
cblr-1730	482	42	1940	1940	NUM
cblr-1730	482	43	,	,	PUNCT
cblr-1730	482	44	15	15	NUM
cblr-1730	482	45	u.s.c	u.s.c	NOUN
cblr-1730	482	46	.	.	PUNCT
cblr-1730	483	1	§	§	PROPN
cblr-1730	483	2	80b–6(3	80b–6(3	PROPN
cblr-1730	483	3	)	)	PUNCT
cblr-1730	483	4	(	(	PUNCT
cblr-1730	483	5	2012	2012	NUM
cblr-1730	483	6	)	)	PUNCT
cblr-1730	483	7	.	.	PUNCT
cblr-1730	484	1	146	146	NUM
cblr-1730	484	2	see	see	VERB
cblr-1730	484	3	edwards	edwards	PROPN
cblr-1730	484	4	,	,	PUNCT
cblr-1730	484	5	supra	supra	PROPN
cblr-1730	484	6	note	note	NOUN
cblr-1730	484	7	2	2	NUM
cblr-1730	484	8	,	,	PUNCT
cblr-1730	484	9	at	at	ADP
cblr-1730	484	10	115	115	NUM
cblr-1730	484	11	.	.	PUNCT
cblr-1730	485	1	147	147	NUM
cblr-1730	485	2	see	see	NOUN
cblr-1730	485	3	lazaro	lazaro	NOUN
cblr-1730	485	4	,	,	PUNCT
cblr-1730	485	5	supra	supra	PROPN
cblr-1730	485	6	note	note	NOUN
cblr-1730	485	7	17	17	NUM
cblr-1730	485	8	,	,	PUNCT
cblr-1730	485	9	at	at	ADP
cblr-1730	485	10	413–14	413–14	PROPN
cblr-1730	485	11	.	.	PUNCT
cblr-1730	486	1	smith	smith	PROPN
cblr-1730	486	2	–	–	PUNCT
cblr-1730	486	3	final	final	ADJ
cblr-1730	486	4	no	no	NOUN
cblr-1730	486	5	.	.	PUNCT
cblr-1730	487	1	3:1200	3:1200	NUM
cblr-1730	487	2	]	]	X
cblr-1730	487	3	a	a	DET
cblr-1730	487	4	uniform	uniform	ADJ
cblr-1730	487	5	fiduciary	fiduciary	ADJ
cblr-1730	487	6	duty	duty	NOUN
cblr-1730	487	7	1237	1237	NUM
cblr-1730	487	8	sumer	sumer	NOUN
cblr-1730	487	9	confusion	confusion	NOUN
cblr-1730	487	10	and	and	CCONJ
cblr-1730	487	11	harm	harm	NOUN
cblr-1730	487	12	.	.	PUNCT
cblr-1730	488	1	thus	thus	ADV
cblr-1730	488	2	,	,	PUNCT
cblr-1730	488	3	fara	fara	PROPN
cblr-1730	488	4	must	must	AUX
cblr-1730	488	5	carefully	carefully	ADV
cblr-1730	488	6	balance	balance	VERB
cblr-1730	488	7	these	these	DET
cblr-1730	488	8	often	often	ADV
cblr-1730	488	9	-	-	PUNCT
cblr-1730	488	10	competing	compete	VERB
cblr-1730	488	11	concerns	concern	NOUN
cblr-1730	488	12	.	.	PUNCT
cblr-1730	489	1	past	past	ADJ
cblr-1730	489	2	attempts	attempt	NOUN
cblr-1730	489	3	to	to	PART
cblr-1730	489	4	make	make	VERB
cblr-1730	489	5	minor	minor	ADJ
cblr-1730	489	6	distinctions	distinction	NOUN
cblr-1730	489	7	in	in	ADP
cblr-1730	489	8	possible	possible	ADJ
cblr-1730	489	9	services	service	NOUN
cblr-1730	489	10	and	and	CCONJ
cblr-1730	489	11	products	product	NOUN
cblr-1730	489	12	offered	offer	VERB
cblr-1730	489	13	by	by	ADP
cblr-1730	489	14	each	each	DET
cblr-1730	489	15	type	type	NOUN
cblr-1730	489	16	of	of	ADP
cblr-1730	489	17	financial	financial	ADJ
cblr-1730	489	18	adviser	adviser	NOUN
cblr-1730	489	19	have	have	AUX
cblr-1730	489	20	failed	fail	VERB
cblr-1730	489	21	and	and	CCONJ
cblr-1730	489	22	have	have	AUX
cblr-1730	489	23	ultimately	ultimately	ADV
cblr-1730	489	24	increased	increase	VERB
cblr-1730	489	25	confusion	confusion	NOUN
cblr-1730	489	26	,	,	PUNCT
cblr-1730	489	27	harm	harm	NOUN
cblr-1730	489	28	,	,	PUNCT
cblr-1730	489	29	and	and	CCONJ
cblr-1730	489	30	inefficiency.148	inefficiency.148	ADJ
cblr-1730	489	31	thus	thus	ADV
cblr-1730	489	32	,	,	PUNCT
cblr-1730	489	33	fara	fara	PROPN
cblr-1730	489	34	would	would	AUX
cblr-1730	489	35	instead	instead	ADV
cblr-1730	489	36	embrace	embrace	VERB
cblr-1730	489	37	a	a	DET
cblr-1730	489	38	more	more	ADV
cblr-1730	489	39	practical	practical	ADJ
cblr-1730	489	40	solution	solution	NOUN
cblr-1730	489	41	,	,	PUNCT
cblr-1730	489	42	mandating	mandate	VERB
cblr-1730	489	43	a	a	DET
cblr-1730	489	44	base	base	ADJ
cblr-1730	489	45	uniform	uniform	NOUN
cblr-1730	489	46	fiduciary	fiduciary	ADJ
cblr-1730	489	47	standard	standard	NOUN
cblr-1730	489	48	and	and	CCONJ
cblr-1730	489	49	imposing	impose	VERB
cblr-1730	489	50	additional	additional	ADJ
cblr-1730	489	51	obligations	obligation	NOUN
cblr-1730	489	52	specific	specific	ADJ
cblr-1730	489	53	to	to	ADP
cblr-1730	489	54	the	the	DET
cblr-1730	489	55	type	type	NOUN
cblr-1730	489	56	of	of	ADP
cblr-1730	489	57	service	service	NOUN
cblr-1730	489	58	selected	select	VERB
cblr-1730	489	59	by	by	ADP
cblr-1730	489	60	the	the	DET
cblr-1730	489	61	investor	investor	NOUN
cblr-1730	489	62	,	,	PUNCT
cblr-1730	489	63	regardless	regardless	ADV
cblr-1730	489	64	of	of	ADP
cblr-1730	489	65	the	the	DET
cblr-1730	489	66	type	type	NOUN
cblr-1730	489	67	of	of	ADP
cblr-1730	489	68	financial	financial	ADJ
cblr-1730	489	69	adviser	adviser	NOUN
cblr-1730	489	70	used	use	VERB
cblr-1730	489	71	.	.	PUNCT
cblr-1730	490	1	under	under	ADP
cblr-1730	490	2	fara	fara	PROPN
cblr-1730	490	3	,	,	PUNCT
cblr-1730	490	4	the	the	DET
cblr-1730	490	5	investor	investor	NOUN
cblr-1730	490	6	,	,	PUNCT
cblr-1730	490	7	as	as	SCONJ
cblr-1730	490	8	is	be	AUX
cblr-1730	490	9	typical	typical	ADJ
cblr-1730	490	10	today	today	NOUN
cblr-1730	490	11	,	,	PUNCT
cblr-1730	490	12	could	could	AUX
cblr-1730	490	13	select	select	VERB
cblr-1730	490	14	their	their	PRON
cblr-1730	490	15	desired	desire	VERB
cblr-1730	490	16	service	service	NOUN
cblr-1730	490	17	,	,	PUNCT
cblr-1730	490	18	such	such	ADJ
cblr-1730	490	19	as	as	ADP
cblr-1730	490	20	transaction	transaction	NOUN
cblr-1730	490	21	execution	execution	NOUN
cblr-1730	490	22	,	,	PUNCT
cblr-1730	490	23	but	but	CCONJ
cblr-1730	490	24	would	would	AUX
cblr-1730	490	25	subsequently	subsequently	ADV
cblr-1730	490	26	be	be	AUX
cblr-1730	490	27	presented	present	VERB
cblr-1730	490	28	with	with	ADP
cblr-1730	490	29	a	a	DET
cblr-1730	490	30	disclosure	disclosure	NOUN
cblr-1730	490	31	listing	list	VERB
cblr-1730	490	32	any	any	DET
cblr-1730	490	33	additional	additional	ADJ
cblr-1730	490	34	fara	fara	NOUN
cblr-1730	490	35	mandated	mandate	VERB
cblr-1730	490	36	rights	right	NOUN
cblr-1730	490	37	and	and	CCONJ
cblr-1730	490	38	obligations	obligation	NOUN
cblr-1730	490	39	(	(	PUNCT
cblr-1730	490	40	i.e.	i.e.	X
cblr-1730	490	41	,	,	PUNCT
cblr-1730	490	42	in	in	ADP
cblr-1730	490	43	addition	addition	NOUN
cblr-1730	490	44	to	to	ADP
cblr-1730	490	45	the	the	DET
cblr-1730	490	46	uniform	uniform	ADJ
cblr-1730	490	47	fiduciary	fiduciary	ADJ
cblr-1730	490	48	standard	standard	NOUN
cblr-1730	490	49	)	)	PUNCT
cblr-1730	490	50	as	as	ADV
cblr-1730	490	51	well	well	ADV
cblr-1730	490	52	as	as	ADP
cblr-1730	490	53	the	the	DET
cblr-1730	490	54	relevant	relevant	ADJ
cblr-1730	490	55	compensation	compensation	NOUN
cblr-1730	490	56	schemes.149	schemes.149	ADP
cblr-1730	490	57	the	the	DET
cblr-1730	490	58	levels	level	NOUN
cblr-1730	490	59	of	of	ADP
cblr-1730	490	60	service	service	NOUN
cblr-1730	490	61	would	would	AUX
cblr-1730	490	62	resemble	resemble	VERB
cblr-1730	490	63	those	those	PRON
cblr-1730	490	64	currently	currently	ADV
cblr-1730	490	65	provided	provide	VERB
cblr-1730	490	66	,	,	PUNCT
cblr-1730	490	67	such	such	ADJ
cblr-1730	490	68	as	as	ADP
cblr-1730	490	69	continuous	continuous	ADJ
cblr-1730	490	70	monitoring	monitoring	NOUN
cblr-1730	490	71	and	and	CCONJ
cblr-1730	490	72	advice	advice	NOUN
cblr-1730	490	73	,	,	PUNCT
cblr-1730	490	74	transaction	transaction	NOUN
cblr-1730	490	75	related	relate	VERB
cblr-1730	490	76	advice	advice	NOUN
cblr-1730	490	77	,	,	PUNCT
cblr-1730	490	78	and	and	CCONJ
cblr-1730	490	79	trade	trade	NOUN
cblr-1730	490	80	execution	execution	NOUN
cblr-1730	490	81	.	.	PUNCT
cblr-1730	491	1	for	for	ADP
cblr-1730	491	2	example	example	NOUN
cblr-1730	491	3	,	,	PUNCT
cblr-1730	491	4	an	an	DET
cblr-1730	491	5	investor	investor	NOUN
cblr-1730	491	6	who	who	PRON
cblr-1730	491	7	desires	desire	VERB
cblr-1730	491	8	full	full	ADJ
cblr-1730	491	9	-	-	PUNCT
cblr-1730	491	10	time	time	NOUN
cblr-1730	491	11	monitoring	monitoring	NOUN
cblr-1730	491	12	and	and	CCONJ
cblr-1730	491	13	advice	advice	NOUN
cblr-1730	491	14	by	by	ADP
cblr-1730	491	15	their	their	PRON
cblr-1730	491	16	financial	financial	ADJ
cblr-1730	491	17	adviser	adviser	NOUN
cblr-1730	491	18	would	would	AUX
cblr-1730	491	19	be	be	AUX
cblr-1730	491	20	able	able	ADJ
cblr-1730	491	21	to	to	PART
cblr-1730	491	22	choose	choose	VERB
cblr-1730	491	23	that	that	DET
cblr-1730	491	24	service	service	NOUN
cblr-1730	491	25	,	,	PUNCT
cblr-1730	491	26	either	either	CCONJ
cblr-1730	491	27	at	at	ADP
cblr-1730	491	28	account	account	NOUN
cblr-1730	491	29	creation	creation	NOUN
cblr-1730	491	30	or	or	CCONJ
cblr-1730	491	31	with	with	ADP
cblr-1730	491	32	notice	notice	NOUN
cblr-1730	491	33	to	to	ADP
cblr-1730	491	34	their	their	PRON
cblr-1730	491	35	financial	financial	ADJ
cblr-1730	491	36	adviser	adviser	NOUN
cblr-1730	491	37	.	.	PUNCT
cblr-1730	492	1	their	their	PRON
cblr-1730	492	2	financial	financial	ADJ
cblr-1730	492	3	adviser	adviser	NOUN
cblr-1730	492	4	would	would	AUX
cblr-1730	492	5	then	then	ADV
cblr-1730	492	6	present	present	VERB
cblr-1730	492	7	them	they	PRON
cblr-1730	492	8	with	with	ADP
cblr-1730	492	9	a	a	DET
cblr-1730	492	10	fara	fara	NOUN
cblr-1730	492	11	mandated	mandate	VERB
cblr-1730	492	12	disclosure	disclosure	NOUN
cblr-1730	492	13	explaining	explain	VERB
cblr-1730	492	14	that	that	SCONJ
cblr-1730	492	15	their	their	PRON
cblr-1730	492	16	additional	additional	ADJ
cblr-1730	492	17	legislative	legislative	ADJ
cblr-1730	492	18	protections	protection	NOUN
cblr-1730	492	19	include	include	VERB
cblr-1730	492	20	a	a	DET
cblr-1730	492	21	duty	duty	NOUN
cblr-1730	492	22	of	of	ADP
cblr-1730	492	23	their	their	PRON
cblr-1730	492	24	financial	financial	ADJ
cblr-1730	492	25	adviser	adviser	NOUN
cblr-1730	492	26	to	to	PART
cblr-1730	492	27	continually	continually	ADV
cblr-1730	492	28	monitor	monitor	VERB
cblr-1730	492	29	their	their	PRON
cblr-1730	492	30	account	account	NOUN
cblr-1730	492	31	.	.	PUNCT
cblr-1730	493	1	the	the	DET
cblr-1730	493	2	compensation	compensation	NOUN
cblr-1730	493	3	schemes	scheme	NOUN
cblr-1730	493	4	available	available	ADJ
cblr-1730	493	5	for	for	ADP
cblr-1730	493	6	this	this	DET
cblr-1730	493	7	service	service	NOUN
cblr-1730	493	8	would	would	AUX
cblr-1730	493	9	resemble	resemble	VERB
cblr-1730	493	10	those	those	PRON
cblr-1730	493	11	of	of	ADP
cblr-1730	493	12	the	the	DET
cblr-1730	493	13	traditional	traditional	ADJ
cblr-1730	493	14	adviser	adviser	NOUN
cblr-1730	493	15	,	,	PUNCT
cblr-1730	493	16	such	such	ADJ
cblr-1730	493	17	as	as	ADP
cblr-1730	493	18	a	a	DET
cblr-1730	493	19	flat	flat	ADJ
cblr-1730	493	20	annual	annual	ADJ
cblr-1730	493	21	management	management	NOUN
cblr-1730	493	22	fee	fee	NOUN
cblr-1730	493	23	,	,	PUNCT
cblr-1730	493	24	in	in	ADP
cblr-1730	493	25	order	order	NOUN
cblr-1730	493	26	to	to	PART
cblr-1730	493	27	best	well	ADV
cblr-1730	493	28	align	align	VERB
cblr-1730	493	29	the	the	DET
cblr-1730	493	30	interests	interest	NOUN
cblr-1730	493	31	of	of	ADP
cblr-1730	493	32	the	the	DET
cblr-1730	493	33	investor	investor	NOUN
cblr-1730	493	34	and	and	CCONJ
cblr-1730	493	35	financial	financial	ADJ
cblr-1730	493	36	adviser	adviser	NOUN
cblr-1730	493	37	and	and	CCONJ
cblr-1730	493	38	prevent	prevent	ADJ
cblr-1730	493	39	harm	harm	NOUN
cblr-1730	493	40	,	,	PUNCT
cblr-1730	493	41	neglect	neglect	NOUN
cblr-1730	493	42	,	,	PUNCT
cblr-1730	493	43	or	or	CCONJ
cblr-1730	493	44	inefficiency	inefficiency	NOUN
cblr-1730	493	45	.	.	PUNCT
cblr-1730	494	1	alternatively	alternatively	ADV
cblr-1730	494	2	,	,	PUNCT
cblr-1730	494	3	the	the	DET
cblr-1730	494	4	independent	independent	ADJ
cblr-1730	494	5	trader	trader	NOUN
cblr-1730	494	6	who	who	PRON
cblr-1730	494	7	only	only	ADV
cblr-1730	494	8	desires	desire	VERB
cblr-1730	494	9	trade	trade	NOUN
cblr-1730	494	10	execution	execution	NOUN
cblr-1730	494	11	could	could	AUX
cblr-1730	494	12	select	select	VERB
cblr-1730	494	13	that	that	DET
cblr-1730	494	14	service	service	NOUN
cblr-1730	494	15	when	when	SCONJ
cblr-1730	494	16	needed	need	VERB
cblr-1730	494	17	,	,	PUNCT
cblr-1730	494	18	which	which	PRON
cblr-1730	494	19	would	would	AUX
cblr-1730	494	20	trigger	trigger	VERB
cblr-1730	494	21	a	a	DET
cblr-1730	494	22	fara	fara	NOUN
cblr-1730	494	23	disclosure	disclosure	NOUN
cblr-1730	494	24	indicating	indicate	VERB
cblr-1730	494	25	that	that	SCONJ
cblr-1730	494	26	no	no	DET
cblr-1730	494	27	additional	additional	ADJ
cblr-1730	494	28	rights	right	NOUN
cblr-1730	494	29	and	and	CCONJ
cblr-1730	494	30	obligations	obligation	NOUN
cblr-1730	494	31	above	above	ADP
cblr-1730	494	32	those	those	PRON
cblr-1730	494	33	of	of	ADP
cblr-1730	494	34	the	the	DET
cblr-1730	494	35	uniform	uniform	ADJ
cblr-1730	494	36	fiduciary	fiduciary	ADJ
cblr-1730	494	37	standard	standard	NOUN
cblr-1730	494	38	would	would	AUX
cblr-1730	494	39	apply.150	apply.150	ADV
cblr-1730	494	40	further	far	ADV
cblr-1730	494	41	,	,	PUNCT
cblr-1730	494	42	the	the	DET
cblr-1730	494	43	compensation	compensation	NOUN
cblr-1730	494	44	scheme	scheme	NOUN
cblr-1730	494	45	for	for	ADP
cblr-1730	494	46	such	such	ADJ
cblr-1730	494	47	service	service	NOUN
cblr-1730	494	48	would	would	AUX
cblr-1730	494	49	be	be	AUX
cblr-1730	494	50	a	a	DET
cblr-1730	494	51	transaction	transaction	NOUN
cblr-1730	494	52	-	-	PUNCT
cblr-1730	494	53	based	base	VERB
cblr-1730	494	54	commission	commission	NOUN
cblr-1730	494	55	.	.	PUNCT
cblr-1730	495	1	148	148	NUM
cblr-1730	495	2	see	see	NOUN
cblr-1730	495	3	varnavides	varnavide	NOUN
cblr-1730	495	4	,	,	PUNCT
cblr-1730	495	5	supra	supra	PROPN
cblr-1730	495	6	note	note	NOUN
cblr-1730	495	7	6	6	NUM
cblr-1730	495	8	,	,	PUNCT
cblr-1730	495	9	at	at	ADP
cblr-1730	495	10	215	215	NUM
cblr-1730	495	11	.	.	PUNCT
cblr-1730	496	1	see	see	VERB
cblr-1730	496	2	also	also	ADV
cblr-1730	496	3	sec	sec	PROPN
cblr-1730	496	4	study	study	NOUN
cblr-1730	496	5	,	,	PUNCT
cblr-1730	496	6	supra	supra	PROPN
cblr-1730	496	7	note	note	PROPN
cblr-1730	496	8	6	6	NUM
cblr-1730	496	9	,	,	PUNCT
cblr-1730	496	10	at	at	ADP
cblr-1730	496	11	94–95	94–95	NUM
cblr-1730	496	12	.	.	PUNCT
cblr-1730	497	1	149	149	NUM
cblr-1730	497	2	lazaro	lazaro	NOUN
cblr-1730	497	3	,	,	PUNCT
cblr-1730	497	4	supra	supra	PROPN
cblr-1730	497	5	note	note	NOUN
cblr-1730	497	6	17	17	NUM
cblr-1730	497	7	,	,	PUNCT
cblr-1730	497	8	at	at	ADP
cblr-1730	497	9	413	413	NUM
cblr-1730	497	10	.	.	PUNCT
cblr-1730	497	11	150	150	NUM
cblr-1730	498	1	it	it	PRON
cblr-1730	498	2	is	be	AUX
cblr-1730	498	3	important	important	ADJ
cblr-1730	498	4	to	to	PART
cblr-1730	498	5	note	note	VERB
cblr-1730	498	6	that	that	SCONJ
cblr-1730	498	7	under	under	ADP
cblr-1730	498	8	the	the	DET
cblr-1730	498	9	fara	fara	NOUN
cblr-1730	498	10	,	,	PUNCT
cblr-1730	498	11	pure	pure	ADJ
cblr-1730	498	12	trade	trade	NOUN
cblr-1730	498	13	execution	execution	NOUN
cblr-1730	498	14	at	at	ADP
cblr-1730	498	15	the	the	DET
cblr-1730	498	16	request	request	NOUN
cblr-1730	498	17	of	of	ADP
cblr-1730	498	18	the	the	DET
cblr-1730	498	19	investor	investor	NOUN
cblr-1730	498	20	—	—	PUNCT
cblr-1730	498	21	i.e.	i.e.	X
cblr-1730	498	22	,	,	PUNCT
cblr-1730	498	23	without	without	ADP
cblr-1730	498	24	any	any	DET
cblr-1730	498	25	advice	advice	NOUN
cblr-1730	498	26	or	or	CCONJ
cblr-1730	498	27	other	other	ADJ
cblr-1730	498	28	services	service	NOUN
cblr-1730	498	29	by	by	ADP
cblr-1730	498	30	smith	smith	PROPN
cblr-1730	498	31	–	–	PUNCT
cblr-1730	498	32	final	final	ADJ
cblr-1730	498	33	1238	1238	NUM
cblr-1730	498	34	columbia	columbia	PROPN
cblr-1730	498	35	business	business	NOUN
cblr-1730	498	36	law	law	PROPN
cblr-1730	498	37	review	review	NOUN
cblr-1730	498	38	[	[	X
cblr-1730	498	39	vol	vol	NOUN
cblr-1730	498	40	.	.	NOUN
cblr-1730	498	41	2017	2017	NUM
cblr-1730	499	1	it	it	PRON
cblr-1730	499	2	is	be	AUX
cblr-1730	499	3	more	more	ADV
cblr-1730	499	4	difficult	difficult	ADJ
cblr-1730	499	5	for	for	SCONJ
cblr-1730	499	6	an	an	DET
cblr-1730	499	7	investor	investor	NOUN
cblr-1730	499	8	faced	face	VERB
cblr-1730	499	9	with	with	ADP
cblr-1730	499	10	three	three	NUM
cblr-1730	499	11	types	type	NOUN
cblr-1730	499	12	of	of	ADP
cblr-1730	499	13	financial	financial	ADJ
cblr-1730	499	14	advisers	adviser	NOUN
cblr-1730	499	15	to	to	PART
cblr-1730	499	16	choose	choose	VERB
cblr-1730	499	17	from	from	ADP
cblr-1730	499	18	that	that	PRON
cblr-1730	499	19	provide	provide	VERB
cblr-1730	499	20	many	many	ADJ
cblr-1730	499	21	overlapping	overlap	VERB
cblr-1730	499	22	services	service	NOUN
cblr-1730	499	23	to	to	PART
cblr-1730	499	24	discern	discern	VERB
cblr-1730	499	25	the	the	DET
cblr-1730	499	26	legal	legal	ADJ
cblr-1730	499	27	rights	right	NOUN
cblr-1730	499	28	and	and	CCONJ
cblr-1730	499	29	protections	protection	NOUN
cblr-1730	499	30	specific	specific	ADJ
cblr-1730	499	31	to	to	ADP
cblr-1730	499	32	each	each	DET
cblr-1730	499	33	type	type	NOUN
cblr-1730	499	34	than	than	ADP
cblr-1730	499	35	for	for	ADP
cblr-1730	499	36	that	that	DET
cblr-1730	499	37	same	same	ADJ
cblr-1730	499	38	investor	investor	NOUN
cblr-1730	499	39	to	to	PART
cblr-1730	499	40	understand	understand	VERB
cblr-1730	499	41	that	that	SCONJ
cblr-1730	499	42	the	the	DET
cblr-1730	499	43	protections	protection	NOUN
cblr-1730	499	44	are	be	AUX
cblr-1730	499	45	uniform	uniform	ADJ
cblr-1730	499	46	across	across	ADP
cblr-1730	499	47	all	all	DET
cblr-1730	499	48	financial	financial	ADJ
cblr-1730	499	49	advisers	adviser	NOUN
cblr-1730	499	50	but	but	CCONJ
cblr-1730	499	51	vary	vary	VERB
cblr-1730	499	52	to	to	ADP
cblr-1730	499	53	some	some	DET
cblr-1730	499	54	extent	extent	NOUN
cblr-1730	499	55	with	with	ADP
cblr-1730	499	56	the	the	DET
cblr-1730	499	57	service	service	NOUN
cblr-1730	499	58	rendered	render	VERB
cblr-1730	499	59	.	.	PUNCT
cblr-1730	500	1	further	far	ADV
cblr-1730	500	2	,	,	PUNCT
cblr-1730	500	3	investors	investor	NOUN
cblr-1730	500	4	’	’	PART
cblr-1730	500	5	expectations	expectation	NOUN
cblr-1730	500	6	regarding	regard	VERB
cblr-1730	500	7	the	the	DET
cblr-1730	500	8	relevant	relevant	ADJ
cblr-1730	500	9	level	level	NOUN
cblr-1730	500	10	of	of	ADP
cblr-1730	500	11	legal	legal	ADJ
cblr-1730	500	12	protection	protection	NOUN
cblr-1730	500	13	may	may	AUX
cblr-1730	500	14	vary	vary	VERB
cblr-1730	500	15	with	with	ADP
cblr-1730	500	16	the	the	DET
cblr-1730	500	17	levels	level	NOUN
cblr-1730	500	18	of	of	ADP
cblr-1730	500	19	service	service	NOUN
cblr-1730	500	20	rendered	render	VERB
cblr-1730	500	21	,	,	PUNCT
cblr-1730	500	22	and	and	CCONJ
cblr-1730	500	23	accordingly	accordingly	ADV
cblr-1730	500	24	the	the	DET
cblr-1730	500	25	fara	fara	PROPN
cblr-1730	500	26	disclosures	disclosure	NOUN
cblr-1730	500	27	would	would	AUX
cblr-1730	500	28	conform	conform	VERB
cblr-1730	500	29	with	with	ADP
cblr-1730	500	30	such	such	ADJ
cblr-1730	500	31	expectations	expectation	NOUN
cblr-1730	500	32	.	.	PUNCT
cblr-1730	501	1	clearly	clearly	ADV
cblr-1730	501	2	tying	tie	VERB
cblr-1730	501	3	additional	additional	ADJ
cblr-1730	501	4	rights	right	NOUN
cblr-1730	501	5	and	and	CCONJ
cblr-1730	501	6	obligations	obligation	NOUN
cblr-1730	501	7	to	to	ADP
cblr-1730	501	8	the	the	DET
cblr-1730	501	9	differing	differ	VERB
cblr-1730	501	10	services	service	NOUN
cblr-1730	501	11	via	via	ADP
cblr-1730	501	12	disclosure	disclosure	NOUN
cblr-1730	501	13	forms	form	NOUN
cblr-1730	501	14	would	would	AUX
cblr-1730	501	15	improve	improve	VERB
cblr-1730	501	16	investor	investor	NOUN
cblr-1730	501	17	understanding	understanding	NOUN
cblr-1730	501	18	of	of	ADP
cblr-1730	501	19	the	the	DET
cblr-1730	501	20	system	system	NOUN
cblr-1730	501	21	.	.	PUNCT
cblr-1730	502	1	in	in	ADP
cblr-1730	502	2	this	this	DET
cblr-1730	502	3	way	way	NOUN
cblr-1730	502	4	,	,	PUNCT
cblr-1730	502	5	the	the	DET
cblr-1730	502	6	fundamental	fundamental	ADJ
cblr-1730	502	7	aspects	aspect	NOUN
cblr-1730	502	8	of	of	ADP
cblr-1730	502	9	the	the	DET
cblr-1730	502	10	investment	investment	NOUN
cblr-1730	502	11	service	service	NOUN
cblr-1730	502	12	industry	industry	NOUN
cblr-1730	502	13	would	would	AUX
cblr-1730	502	14	remain	remain	VERB
cblr-1730	502	15	unchanged	unchanged	ADJ
cblr-1730	502	16	(	(	PUNCT
cblr-1730	502	17	e.g.	e.g.	ADV
cblr-1730	502	18	,	,	PUNCT
cblr-1730	502	19	the	the	DET
cblr-1730	502	20	types	type	NOUN
cblr-1730	502	21	of	of	ADP
cblr-1730	502	22	services	service	NOUN
cblr-1730	502	23	and	and	CCONJ
cblr-1730	502	24	providers	provider	NOUN
cblr-1730	502	25	)	)	PUNCT
cblr-1730	502	26	despite	despite	SCONJ
cblr-1730	502	27	structural	structural	ADJ
cblr-1730	502	28	reform	reform	NOUN
cblr-1730	502	29	.	.	PUNCT
cblr-1730	503	1	a	a	DET
cblr-1730	503	2	unified	unified	ADJ
cblr-1730	503	3	standard	standard	NOUN
cblr-1730	503	4	across	across	ADP
cblr-1730	503	5	financial	financial	ADJ
cblr-1730	503	6	advisers	adviser	NOUN
cblr-1730	503	7	that	that	PRON
cblr-1730	503	8	varies	vary	VERB
cblr-1730	503	9	given	give	VERB
cblr-1730	503	10	the	the	DET
cblr-1730	503	11	level	level	NOUN
cblr-1730	503	12	of	of	ADP
cblr-1730	503	13	service	service	NOUN
cblr-1730	503	14	provided	provide	VERB
cblr-1730	503	15	balances	balance	NOUN
cblr-1730	503	16	the	the	DET
cblr-1730	503	17	need	need	NOUN
cblr-1730	503	18	to	to	PART
cblr-1730	503	19	reduce	reduce	VERB
cblr-1730	503	20	consumer	consumer	NOUN
cblr-1730	503	21	confusion	confusion	NOUN
cblr-1730	503	22	and	and	CCONJ
cblr-1730	503	23	potential	potential	NOUN
cblr-1730	503	24	for	for	ADP
cblr-1730	503	25	investor	investor	NOUN
cblr-1730	503	26	harm	harm	NOUN
cblr-1730	503	27	with	with	ADP
cblr-1730	503	28	the	the	DET
cblr-1730	503	29	realities	reality	NOUN
cblr-1730	503	30	of	of	ADP
cblr-1730	503	31	the	the	DET
cblr-1730	503	32	market	market	NOUN
cblr-1730	503	33	.	.	PUNCT
cblr-1730	504	1	these	these	DET
cblr-1730	504	2	goals	goal	NOUN
cblr-1730	504	3	are	be	AUX
cblr-1730	504	4	often	often	ADV
cblr-1730	504	5	competing	compete	VERB
cblr-1730	504	6	and	and	CCONJ
cblr-1730	504	7	thus	thus	ADV
cblr-1730	504	8	involve	involve	VERB
cblr-1730	504	9	trade	trade	NOUN
cblr-1730	504	10	-	-	PUNCT
cblr-1730	504	11	offs	off	NOUN
cblr-1730	504	12	,	,	PUNCT
cblr-1730	504	13	making	make	VERB
cblr-1730	504	14	a	a	DET
cblr-1730	504	15	truly	truly	ADV
cblr-1730	504	16	uniform	uniform	ADJ
cblr-1730	504	17	fiduciary	fiduciary	ADJ
cblr-1730	504	18	standard	standard	NOUN
cblr-1730	504	19	impractical	impractical	ADJ
cblr-1730	504	20	.	.	PUNCT
cblr-1730	505	1	the	the	DET
cblr-1730	505	2	gains	gain	NOUN
cblr-1730	505	3	that	that	PRON
cblr-1730	505	4	a	a	DET
cblr-1730	505	5	single	single	ADJ
cblr-1730	505	6	standard	standard	NOUN
cblr-1730	505	7	would	would	AUX
cblr-1730	505	8	make	make	VERB
cblr-1730	505	9	in	in	ADP
cblr-1730	505	10	reduced	reduced	ADJ
cblr-1730	505	11	confusion	confusion	NOUN
cblr-1730	505	12	and	and	CCONJ
cblr-1730	505	13	harm	harm	NOUN
cblr-1730	505	14	would	would	AUX
cblr-1730	505	15	be	be	AUX
cblr-1730	505	16	lost	lose	VERB
cblr-1730	505	17	if	if	SCONJ
cblr-1730	505	18	investors	investor	NOUN
cblr-1730	505	19	are	be	AUX
cblr-1730	505	20	no	no	ADV
cblr-1730	505	21	longer	long	ADV
cblr-1730	505	22	able	able	ADJ
cblr-1730	505	23	to	to	PART
cblr-1730	505	24	choose	choose	VERB
cblr-1730	505	25	the	the	DET
cblr-1730	505	26	level	level	NOUN
cblr-1730	505	27	of	of	ADP
cblr-1730	505	28	service	service	NOUN
cblr-1730	505	29	they	they	PRON
cblr-1730	505	30	desire	desire	VERB
cblr-1730	505	31	.	.	PUNCT
cblr-1730	506	1	a	a	DET
cblr-1730	506	2	unified	unified	ADJ
cblr-1730	506	3	standard	standard	NOUN
cblr-1730	506	4	that	that	PRON
cblr-1730	506	5	garners	garner	VERB
cblr-1730	506	6	additional	additional	ADJ
cblr-1730	506	7	rights	right	NOUN
cblr-1730	506	8	and	and	CCONJ
cblr-1730	506	9	obligations	obligation	NOUN
cblr-1730	506	10	depending	depend	VERB
cblr-1730	506	11	on	on	ADP
cblr-1730	506	12	the	the	DET
cblr-1730	506	13	service	service	NOUN
cblr-1730	506	14	selected	select	VERB
cblr-1730	506	15	would	would	AUX
cblr-1730	506	16	ensure	ensure	VERB
cblr-1730	506	17	that	that	SCONJ
cblr-1730	506	18	investors	investor	NOUN
cblr-1730	506	19	maintain	maintain	VERB
cblr-1730	506	20	their	their	PRON
cblr-1730	506	21	right	right	NOUN
cblr-1730	506	22	to	to	PART
cblr-1730	506	23	choose	choose	VERB
cblr-1730	506	24	how	how	SCONJ
cblr-1730	506	25	to	to	PART
cblr-1730	506	26	interact	interact	VERB
cblr-1730	506	27	with	with	ADP
cblr-1730	506	28	their	their	PRON
cblr-1730	506	29	financial	financial	ADJ
cblr-1730	506	30	adviser	adviser	NOUN
cblr-1730	506	31	while	while	SCONJ
cblr-1730	506	32	also	also	ADV
cblr-1730	506	33	providing	provide	VERB
cblr-1730	506	34	investors	investor	NOUN
cblr-1730	506	35	clarification	clarification	NOUN
cblr-1730	506	36	regarding	regard	VERB
cblr-1730	506	37	the	the	DET
cblr-1730	506	38	structure	structure	NOUN
cblr-1730	506	39	and	and	CCONJ
cblr-1730	506	40	legal	legal	ADJ
cblr-1730	506	41	protections	protection	NOUN
cblr-1730	506	42	applicable	applicable	ADJ
cblr-1730	506	43	.	.	PUNCT
cblr-1730	507	1	c.	c.	NOUN
cblr-1730	507	2	likelihood	likelihood	NOUN
cblr-1730	507	3	of	of	ADP
cblr-1730	507	4	enactment	enactment	NOUN
cblr-1730	507	5	meaningful	meaningful	ADJ
cblr-1730	507	6	change	change	NOUN
cblr-1730	507	7	in	in	ADP
cblr-1730	507	8	any	any	DET
cblr-1730	507	9	industry	industry	NOUN
cblr-1730	507	10	is	be	AUX
cblr-1730	507	11	hard	hard	ADJ
cblr-1730	507	12	to	to	PART
cblr-1730	507	13	accomplish	accomplish	VERB
cblr-1730	507	14	,	,	PUNCT
cblr-1730	507	15	and	and	CCONJ
cblr-1730	507	16	that	that	PRON
cblr-1730	507	17	will	will	AUX
cblr-1730	507	18	be	be	AUX
cblr-1730	507	19	no	no	PRON
cblr-1730	507	20	less	less	ADJ
cblr-1730	507	21	the	the	DET
cblr-1730	507	22	case	case	NOUN
cblr-1730	507	23	for	for	ADP
cblr-1730	507	24	fara	fara	PROPN
cblr-1730	507	25	.	.	PUNCT
cblr-1730	508	1	in	in	ADP
cblr-1730	508	2	an	an	DET
cblr-1730	508	3	industry	industry	NOUN
cblr-1730	508	4	where	where	SCONJ
cblr-1730	508	5	the	the	DET
cblr-1730	508	6	two	two	NUM
cblr-1730	508	7	main	main	ADJ
cblr-1730	508	8	governing	govern	VERB
cblr-1730	508	9	statutes	statute	NOUN
cblr-1730	508	10	are	be	AUX
cblr-1730	508	11	from	from	ADP
cblr-1730	508	12	1934	1934	NUM
cblr-1730	508	13	and	and	CCONJ
cblr-1730	508	14	the	the	DET
cblr-1730	508	15	financial	financial	ADJ
cblr-1730	508	16	adviser	adviser	NOUN
cblr-1730	508	17	—	—	PUNCT
cblr-1730	508	18	will	will	AUX
cblr-1730	508	19	always	always	ADV
cblr-1730	508	20	be	be	AUX
cblr-1730	508	21	presumed	presume	VERB
cblr-1730	508	22	to	to	PART
cblr-1730	508	23	be	be	AUX
cblr-1730	508	24	in	in	ADP
cblr-1730	508	25	the	the	DET
cblr-1730	508	26	client	client	NOUN
cblr-1730	508	27	’s	’s	PART
cblr-1730	508	28	best	good	ADJ
cblr-1730	508	29	interest	interest	NOUN
cblr-1730	508	30	.	.	PUNCT
cblr-1730	509	1	it	it	PRON
cblr-1730	509	2	would	would	AUX
cblr-1730	509	3	be	be	AUX
cblr-1730	509	4	too	too	ADV
cblr-1730	509	5	costly	costly	ADJ
cblr-1730	509	6	and	and	CCONJ
cblr-1730	509	7	impractical	impractical	ADJ
cblr-1730	509	8	to	to	PART
cblr-1730	509	9	require	require	VERB
cblr-1730	509	10	financial	financial	ADJ
cblr-1730	509	11	advisers	adviser	NOUN
cblr-1730	509	12	to	to	PART
cblr-1730	509	13	assess	assess	VERB
cblr-1730	509	14	whether	whether	SCONJ
cblr-1730	509	15	every	every	DET
cblr-1730	509	16	requested	request	VERB
cblr-1730	509	17	transaction	transaction	NOUN
cblr-1730	509	18	by	by	ADP
cblr-1730	509	19	an	an	DET
cblr-1730	509	20	investor	investor	NOUN
cblr-1730	509	21	was	be	AUX
cblr-1730	509	22	in	in	ADP
cblr-1730	509	23	his	his	PRON
cblr-1730	509	24	or	or	CCONJ
cblr-1730	509	25	her	her	PRON
cblr-1730	509	26	best	good	ADJ
cblr-1730	509	27	interest	interest	NOUN
cblr-1730	509	28	.	.	PUNCT
cblr-1730	510	1	further	far	ADV
cblr-1730	510	2	,	,	PUNCT
cblr-1730	510	3	it	it	PRON
cblr-1730	510	4	would	would	AUX
cblr-1730	510	5	,	,	PUNCT
cblr-1730	510	6	in	in	ADP
cblr-1730	510	7	essence	essence	NOUN
cblr-1730	510	8	,	,	PUNCT
cblr-1730	510	9	grant	grant	VERB
cblr-1730	510	10	the	the	DET
cblr-1730	510	11	financial	financial	ADJ
cblr-1730	510	12	adviser	adviser	NOUN
cblr-1730	510	13	discretionary	discretionary	ADJ
cblr-1730	510	14	control	control	NOUN
cblr-1730	510	15	over	over	ADP
cblr-1730	510	16	their	their	PRON
cblr-1730	510	17	clients	client	NOUN
cblr-1730	510	18	’	'	PUNCT
cblr-1730	510	19	accounts	account	NOUN
cblr-1730	510	20	if	if	SCONJ
cblr-1730	510	21	they	they	PRON
cblr-1730	510	22	were	be	AUX
cblr-1730	510	23	effectively	effectively	ADV
cblr-1730	510	24	required	require	VERB
cblr-1730	510	25	to	to	PART
cblr-1730	510	26	approve	approve	VERB
cblr-1730	510	27	each	each	DET
cblr-1730	510	28	transaction	transaction	NOUN
cblr-1730	510	29	.	.	PUNCT
cblr-1730	511	1	smith	smith	NOUN
cblr-1730	511	2	–	–	PUNCT
cblr-1730	511	3	final	final	ADJ
cblr-1730	511	4	no	no	NOUN
cblr-1730	511	5	.	.	PUNCT
cblr-1730	512	1	3:1200	3:1200	NUM
cblr-1730	512	2	]	]	X
cblr-1730	512	3	a	a	DET
cblr-1730	512	4	uniform	uniform	ADJ
cblr-1730	512	5	fiduciary	fiduciary	ADJ
cblr-1730	512	6	duty	duty	NOUN
cblr-1730	512	7	1239	1239	NUM
cblr-1730	512	8	1940,151	1940,151	NUM
cblr-1730	512	9	fara	fara	NOUN
cblr-1730	512	10	will	will	AUX
cblr-1730	512	11	surely	surely	ADV
cblr-1730	512	12	face	face	VERB
cblr-1730	512	13	criticism	criticism	NOUN
cblr-1730	512	14	from	from	ADP
cblr-1730	512	15	those	those	PRON
cblr-1730	512	16	accustomed	accustom	VERB
cblr-1730	512	17	to	to	ADP
cblr-1730	512	18	the	the	DET
cblr-1730	512	19	current	current	ADJ
cblr-1730	512	20	regulatory	regulatory	ADJ
cblr-1730	512	21	system	system	NOUN
cblr-1730	512	22	as	as	ADV
cblr-1730	512	23	well	well	ADV
cblr-1730	512	24	as	as	ADP
cblr-1730	512	25	those	those	PRON
cblr-1730	512	26	with	with	ADP
cblr-1730	512	27	competing	compete	VERB
cblr-1730	512	28	reform	reform	NOUN
cblr-1730	512	29	proposals	proposal	NOUN
cblr-1730	512	30	.	.	PUNCT
cblr-1730	513	1	criticisms	criticism	NOUN
cblr-1730	513	2	of	of	ADP
cblr-1730	513	3	fara	fara	PROPN
cblr-1730	513	4	will	will	AUX
cblr-1730	513	5	most	most	ADV
cblr-1730	513	6	likely	likely	ADJ
cblr-1730	513	7	focus	focus	VERB
cblr-1730	513	8	on	on	ADP
cblr-1730	513	9	the	the	DET
cblr-1730	513	10	continuation	continuation	NOUN
cblr-1730	513	11	of	of	ADP
cblr-1730	513	12	current	current	ADJ
cblr-1730	513	13	compensation	compensation	NOUN
cblr-1730	513	14	schemes	scheme	NOUN
cblr-1730	513	15	and	and	CCONJ
cblr-1730	513	16	the	the	DET
cblr-1730	513	17	additional	additional	ADJ
cblr-1730	513	18	cost	cost	NOUN
cblr-1730	513	19	and	and	CCONJ
cblr-1730	513	20	burden	burden	NOUN
cblr-1730	513	21	to	to	ADP
cblr-1730	513	22	financial	financial	ADJ
cblr-1730	513	23	advisers	adviser	NOUN
cblr-1730	513	24	of	of	ADP
cblr-1730	513	25	a	a	DET
cblr-1730	513	26	unified	unified	ADJ
cblr-1730	513	27	fiduciary	fiduciary	ADJ
cblr-1730	513	28	standard	standard	NOUN
cblr-1730	513	29	.	.	PUNCT
cblr-1730	514	1	to	to	ADP
cblr-1730	514	2	the	the	DET
cblr-1730	514	3	first	first	ADJ
cblr-1730	514	4	point	point	NOUN
cblr-1730	514	5	,	,	PUNCT
cblr-1730	514	6	other	other	ADJ
cblr-1730	514	7	reform	reform	NOUN
cblr-1730	514	8	oriented	orient	VERB
cblr-1730	514	9	scholars	scholar	NOUN
cblr-1730	514	10	have	have	AUX
cblr-1730	514	11	argued	argue	VERB
cblr-1730	514	12	that	that	SCONJ
cblr-1730	514	13	a	a	DET
cblr-1730	514	14	“	"	PUNCT
cblr-1730	514	15	proposed	propose	VERB
cblr-1730	514	16	uniform	uniform	ADJ
cblr-1730	514	17	standard	standard	NOUN
cblr-1730	514	18	is	be	AUX
cblr-1730	514	19	unlikely	unlikely	ADJ
cblr-1730	514	20	to	to	PART
cblr-1730	514	21	make	make	VERB
cblr-1730	514	22	any	any	DET
cblr-1730	514	23	material	material	NOUN
cblr-1730	514	24	difference	difference	NOUN
cblr-1730	514	25	so	so	ADV
cblr-1730	514	26	long	long	ADV
cblr-1730	514	27	as	as	SCONJ
cblr-1730	514	28	the	the	DET
cblr-1730	514	29	current	current	ADJ
cblr-1730	514	30	commission	commission	NOUN
cblr-1730	514	31	structure	structure	NOUN
cblr-1730	514	32	remains	remain	VERB
cblr-1730	514	33	in	in	ADP
cblr-1730	514	34	place	place	NOUN
cblr-1730	514	35	.	.	PUNCT
cblr-1730	515	1	”152	”152	ADJ
cblr-1730	515	2	specifically	specifically	ADV
cblr-1730	515	3	,	,	PUNCT
cblr-1730	515	4	they	they	PRON
cblr-1730	515	5	argue	argue	VERB
cblr-1730	515	6	that	that	SCONJ
cblr-1730	515	7	because	because	SCONJ
cblr-1730	515	8	broker	broker	NOUN
cblr-1730	515	9	commissions	commission	NOUN
cblr-1730	515	10	are	be	AUX
cblr-1730	515	11	tied	tie	VERB
cblr-1730	515	12	to	to	ADP
cblr-1730	515	13	the	the	DET
cblr-1730	515	14	financial	financial	ADJ
cblr-1730	515	15	product	product	NOUN
cblr-1730	515	16	rather	rather	ADV
cblr-1730	515	17	than	than	ADP
cblr-1730	515	18	the	the	DET
cblr-1730	515	19	amount	amount	NOUN
cblr-1730	515	20	of	of	ADP
cblr-1730	515	21	the	the	DET
cblr-1730	515	22	transaction	transaction	NOUN
cblr-1730	515	23	,	,	PUNCT
cblr-1730	515	24	their	their	PRON
cblr-1730	515	25	incentives	incentive	NOUN
cblr-1730	515	26	are	be	AUX
cblr-1730	515	27	distorted	distort	VERB
cblr-1730	515	28	in	in	ADP
cblr-1730	515	29	favor	favor	NOUN
cblr-1730	515	30	of	of	ADP
cblr-1730	515	31	recommending	recommend	VERB
cblr-1730	515	32	securities	security	NOUN
cblr-1730	515	33	that	that	PRON
cblr-1730	515	34	maximize	maximize	VERB
cblr-1730	515	35	their	their	PRON
cblr-1730	515	36	commissions	commission	NOUN
cblr-1730	515	37	rather	rather	ADV
cblr-1730	515	38	than	than	ADP
cblr-1730	515	39	their	their	PRON
cblr-1730	515	40	clients	client	NOUN
cblr-1730	515	41	’	'	PUNCT
cblr-1730	515	42	return	return	NOUN
cblr-1730	515	43	on	on	ADP
cblr-1730	515	44	investment.153	investment.153	NOUN
cblr-1730	515	45	these	these	DET
cblr-1730	515	46	scholars	scholar	NOUN
cblr-1730	515	47	argue	argue	VERB
cblr-1730	515	48	that	that	SCONJ
cblr-1730	515	49	a	a	DET
cblr-1730	515	50	uniform	uniform	ADJ
cblr-1730	515	51	fiduciary	fiduciary	ADJ
cblr-1730	515	52	standard	standard	NOUN
cblr-1730	515	53	would	would	AUX
cblr-1730	515	54	not	not	PART
cblr-1730	515	55	eliminate	eliminate	VERB
cblr-1730	515	56	these	these	DET
cblr-1730	515	57	undesirable	undesirable	ADJ
cblr-1730	515	58	incentives	incentive	NOUN
cblr-1730	515	59	on	on	ADP
cblr-1730	515	60	its	its	PRON
cblr-1730	515	61	own	own	ADJ
cblr-1730	515	62	and	and	CCONJ
cblr-1730	515	63	that	that	SCONJ
cblr-1730	515	64	a	a	DET
cblr-1730	515	65	flattened	flatten	VERB
cblr-1730	515	66	commission	commission	NOUN
cblr-1730	515	67	across	across	ADP
cblr-1730	515	68	all	all	DET
cblr-1730	515	69	products	product	NOUN
cblr-1730	515	70	is	be	AUX
cblr-1730	515	71	necessary.154	necessary.154	NUM
cblr-1730	515	72	in	in	ADP
cblr-1730	515	73	fact	fact	NOUN
cblr-1730	515	74	,	,	PUNCT
cblr-1730	515	75	these	these	DET
cblr-1730	515	76	scholars	scholar	NOUN
cblr-1730	515	77	might	might	AUX
cblr-1730	515	78	argue	argue	VERB
cblr-1730	515	79	that	that	SCONJ
cblr-1730	515	80	under	under	ADP
cblr-1730	515	81	fara	fara	PROPN
cblr-1730	515	82	,	,	PUNCT
cblr-1730	515	83	the	the	DET
cblr-1730	515	84	misalignment	misalignment	NOUN
cblr-1730	515	85	of	of	ADP
cblr-1730	515	86	interests	interest	NOUN
cblr-1730	515	87	between	between	ADP
cblr-1730	515	88	the	the	DET
cblr-1730	515	89	client	client	NOUN
cblr-1730	515	90	and	and	CCONJ
cblr-1730	515	91	financial	financial	ADJ
cblr-1730	515	92	adviser	adviser	NOUN
cblr-1730	515	93	would	would	AUX
cblr-1730	515	94	only	only	ADV
cblr-1730	515	95	increase	increase	VERB
cblr-1730	515	96	since	since	SCONJ
cblr-1730	515	97	any	any	DET
cblr-1730	515	98	financial	financial	ADJ
cblr-1730	515	99	adviser	adviser	NOUN
cblr-1730	515	100	can	can	AUX
cblr-1730	515	101	accept	accept	VERB
cblr-1730	515	102	commissions	commission	NOUN
cblr-1730	515	103	depending	depend	VERB
cblr-1730	515	104	on	on	ADP
cblr-1730	515	105	the	the	DET
cblr-1730	515	106	service	service	NOUN
cblr-1730	515	107	provided	provide	VERB
cblr-1730	515	108	.	.	PUNCT
cblr-1730	516	1	however	however	ADV
cblr-1730	516	2	,	,	PUNCT
cblr-1730	516	3	these	these	DET
cblr-1730	516	4	same	same	ADJ
cblr-1730	516	5	scholars	scholar	NOUN
cblr-1730	516	6	acknowledge	acknowledge	VERB
cblr-1730	516	7	that	that	SCONJ
cblr-1730	516	8	a	a	DET
cblr-1730	516	9	uniform	uniform	ADJ
cblr-1730	516	10	fiduciary	fiduciary	ADJ
cblr-1730	516	11	standard	standard	NOUN
cblr-1730	516	12	would	would	AUX
cblr-1730	516	13	require	require	VERB
cblr-1730	516	14	brokers	broker	NOUN
cblr-1730	516	15	to	to	PART
cblr-1730	516	16	give	give	VERB
cblr-1730	516	17	advice	advice	NOUN
cblr-1730	516	18	without	without	ADP
cblr-1730	516	19	regard	regard	NOUN
cblr-1730	516	20	to	to	ADP
cblr-1730	516	21	their	their	PRON
cblr-1730	516	22	own	own	ADJ
cblr-1730	516	23	compensation.155	compensation.155	NOUN
cblr-1730	516	24	further	far	ADV
cblr-1730	516	25	,	,	PUNCT
cblr-1730	516	26	the	the	DET
cblr-1730	516	27	sec	sec	PROPN
cblr-1730	516	28	has	have	AUX
cblr-1730	516	29	established	establish	VERB
cblr-1730	516	30	that	that	SCONJ
cblr-1730	516	31	advisers	adviser	NOUN
cblr-1730	516	32	’	’	PART
cblr-1730	516	33	fiduciary	fiduciary	ADJ
cblr-1730	516	34	duties	duty	NOUN
cblr-1730	516	35	include	include	VERB
cblr-1730	516	36	a	a	DET
cblr-1730	516	37	duty	duty	NOUN
cblr-1730	516	38	of	of	ADP
cblr-1730	516	39	loyalty	loyalty	NOUN
cblr-1730	516	40	that	that	PRON
cblr-1730	516	41	“	"	PUNCT
cblr-1730	516	42	requires	require	VERB
cblr-1730	516	43	an	an	DET
cblr-1730	516	44	adviser	adviser	NOUN
cblr-1730	516	45	to	to	PART
cblr-1730	516	46	serve	serve	VERB
cblr-1730	516	47	the	the	DET
cblr-1730	516	48	best	good	ADJ
cblr-1730	516	49	interests	interest	NOUN
cblr-1730	516	50	of	of	ADP
cblr-1730	516	51	his	his	PRON
cblr-1730	516	52	clients	client	NOUN
cblr-1730	516	53	.	.	PUNCT
cblr-1730	517	1	”156	”156	PUNCT
cblr-1730	517	2	serving	serve	VERB
cblr-1730	517	3	their	their	PRON
cblr-1730	517	4	clients	client	NOUN
cblr-1730	517	5	’	’	PART
cblr-1730	517	6	best	good	ADJ
cblr-1730	517	7	interests	interest	NOUN
cblr-1730	517	8	requires	require	VERB
cblr-1730	517	9	selecting	select	VERB
cblr-1730	517	10	suitable	suitable	ADJ
cblr-1730	517	11	securities	security	NOUN
cblr-1730	517	12	for	for	ADP
cblr-1730	517	13	the	the	DET
cblr-1730	517	14	clients	client	NOUN
cblr-1730	517	15	’	'	PUNCT
cblr-1730	517	16	accounts	account	NOUN
cblr-1730	517	17	with	with	ADP
cblr-1730	517	18	due	due	ADJ
cblr-1730	517	19	consideration	consideration	NOUN
cblr-1730	517	20	given	give	VERB
cblr-1730	517	21	to	to	ADP
cblr-1730	517	22	the	the	DET
cblr-1730	517	23	price	price	NOUN
cblr-1730	517	24	and	and	CCONJ
cblr-1730	517	25	management	management	NOUN
cblr-1730	517	26	fees	fee	NOUN
cblr-1730	517	27	of	of	ADP
cblr-1730	517	28	those	those	DET
cblr-1730	517	29	151	151	NUM
cblr-1730	517	30	securities	security	NOUN
cblr-1730	517	31	exchange	exchange	PROPN
cblr-1730	517	32	act	act	NOUN
cblr-1730	517	33	of	of	ADP
cblr-1730	517	34	1934	1934	NUM
cblr-1730	517	35	,	,	PUNCT
cblr-1730	517	36	15	15	NUM
cblr-1730	517	37	u.s.c	u.s.c	NOUN
cblr-1730	517	38	.	.	PUNCT
cblr-1730	518	1	§	§	PROPN
cblr-1730	518	2	§	§	PROPN
cblr-1730	518	3	78a–78pp	78a–78pp	NUM
cblr-1730	518	4	(	(	PUNCT
cblr-1730	518	5	2012	2012	NUM
cblr-1730	518	6	)	)	PUNCT
cblr-1730	518	7	;	;	PUNCT
cblr-1730	518	8	investment	investment	NOUN
cblr-1730	518	9	advisers	adviser	NOUN
cblr-1730	518	10	act	act	VERB
cblr-1730	518	11	of	of	ADP
cblr-1730	518	12	1940	1940	NUM
cblr-1730	518	13	,	,	PUNCT
cblr-1730	518	14	15	15	NUM
cblr-1730	518	15	u.s.c	u.s.c	NOUN
cblr-1730	518	16	.	.	PUNCT
cblr-1730	519	1	§	§	PROPN
cblr-1730	519	2	§	§	ADJ
cblr-1730	519	3	80b-5–80b-21	80b-5–80b-21	NUM
cblr-1730	519	4	(	(	PUNCT
cblr-1730	519	5	2012	2012	NUM
cblr-1730	519	6	)	)	PUNCT
cblr-1730	519	7	.	.	PUNCT
cblr-1730	520	1	152	152	NUM
cblr-1730	520	2	see	see	VERB
cblr-1730	520	3	edwards	edwards	PROPN
cblr-1730	520	4	,	,	PUNCT
cblr-1730	520	5	supra	supra	PROPN
cblr-1730	520	6	note	note	NOUN
cblr-1730	520	7	2	2	NUM
cblr-1730	520	8	,	,	PUNCT
cblr-1730	520	9	at	at	ADP
cblr-1730	520	10	121	121	NUM
cblr-1730	520	11	.	.	PUNCT
cblr-1730	521	1	153	153	NUM
cblr-1730	522	1	i	i	PROPN
cblr-1730	522	2	d.	d.	PROPN
cblr-1730	522	3	154	154	NUM
cblr-1730	523	1	i	i	PRON
cblr-1730	523	2	d.	d.	PROPN
cblr-1730	523	3	155	155	NUM
cblr-1730	524	1	i	i	PROPN
cblr-1730	524	2	d.	d.	PROPN
cblr-1730	524	3	156	156	NUM
cblr-1730	524	4	sec	sec	PROPN
cblr-1730	524	5	study	study	NOUN
cblr-1730	524	6	,	,	PUNCT
cblr-1730	524	7	supra	supra	PROPN
cblr-1730	524	8	note	note	PROPN
cblr-1730	524	9	6	6	NUM
cblr-1730	524	10	,	,	PUNCT
cblr-1730	524	11	at	at	ADP
cblr-1730	524	12	22	22	NUM
cblr-1730	524	13	.	.	PUNCT
cblr-1730	525	1	smith	smith	PROPN
cblr-1730	525	2	–	–	PUNCT
cblr-1730	525	3	final	final	ADJ
cblr-1730	525	4	1240	1240	NUM
cblr-1730	525	5	columbia	columbia	PROPN
cblr-1730	525	6	business	business	NOUN
cblr-1730	525	7	law	law	PROPN
cblr-1730	525	8	review	review	NOUN
cblr-1730	525	9	[	[	X
cblr-1730	525	10	vol	vol	NOUN
cblr-1730	525	11	.	.	NOUN
cblr-1730	525	12	2017	2017	NUM
cblr-1730	526	1	securities.157	securities.157	CCONJ
cblr-1730	526	2	the	the	DET
cblr-1730	526	3	commission	commission	NOUN
cblr-1730	526	4	of	of	ADP
cblr-1730	526	5	a	a	DET
cblr-1730	526	6	given	give	VERB
cblr-1730	526	7	security	security	NOUN
cblr-1730	526	8	must	must	AUX
cblr-1730	526	9	be	be	AUX
cblr-1730	526	10	factored	factor	VERB
cblr-1730	526	11	into	into	ADP
cblr-1730	526	12	its	its	PRON
cblr-1730	526	13	price	price	NOUN
cblr-1730	526	14	or	or	CCONJ
cblr-1730	526	15	at	at	ADP
cblr-1730	526	16	the	the	DET
cblr-1730	526	17	very	very	ADV
cblr-1730	526	18	least	least	ADJ
cblr-1730	526	19	into	into	ADP
cblr-1730	526	20	the	the	DET
cblr-1730	526	21	“	"	PUNCT
cblr-1730	526	22	fee	fee	NOUN
cblr-1730	526	23	”	"	PUNCT
cblr-1730	526	24	associated	associate	VERB
cblr-1730	526	25	with	with	ADP
cblr-1730	526	26	it	it	PRON
cblr-1730	526	27	.	.	PUNCT
cblr-1730	527	1	therefore	therefore	ADV
cblr-1730	527	2	,	,	PUNCT
cblr-1730	527	3	despite	despite	SCONJ
cblr-1730	527	4	critics	critic	NOUN
cblr-1730	527	5	’	’	PART
cblr-1730	527	6	claims	claim	NOUN
cblr-1730	527	7	,	,	PUNCT
cblr-1730	527	8	a	a	DET
cblr-1730	527	9	uniform	uniform	ADJ
cblr-1730	527	10	fiduciary	fiduciary	ADJ
cblr-1730	527	11	standard	standard	NOUN
cblr-1730	527	12	would	would	AUX
cblr-1730	527	13	effectively	effectively	ADV
cblr-1730	527	14	eliminate	eliminate	VERB
cblr-1730	527	15	any	any	DET
cblr-1730	527	16	distorted	distort	VERB
cblr-1730	527	17	incentives	incentive	NOUN
cblr-1730	527	18	due	due	ADJ
cblr-1730	527	19	to	to	ADP
cblr-1730	527	20	varying	vary	VERB
cblr-1730	527	21	product	product	NOUN
cblr-1730	527	22	commissions	commission	NOUN
cblr-1730	527	23	because	because	SCONJ
cblr-1730	527	24	financial	financial	ADJ
cblr-1730	527	25	advisers	adviser	NOUN
cblr-1730	527	26	must	must	AUX
cblr-1730	527	27	account	account	VERB
cblr-1730	527	28	for	for	ADP
cblr-1730	527	29	commission	commission	NOUN
cblr-1730	527	30	when	when	SCONJ
cblr-1730	527	31	making	make	VERB
cblr-1730	527	32	recommendations	recommendation	NOUN
cblr-1730	527	33	that	that	PRON
cblr-1730	527	34	are	be	AUX
cblr-1730	527	35	in	in	ADP
cblr-1730	527	36	their	their	PRON
cblr-1730	527	37	clients	client	NOUN
cblr-1730	527	38	’	’	PART
cblr-1730	527	39	best	good	ADJ
cblr-1730	527	40	interests	interest	NOUN
cblr-1730	527	41	.	.	PUNCT
cblr-1730	528	1	moreover	moreover	ADV
cblr-1730	528	2	,	,	PUNCT
cblr-1730	528	3	since	since	SCONJ
cblr-1730	528	4	fara	fara	PROPN
cblr-1730	528	5	has	have	VERB
cblr-1730	528	6	a	a	DET
cblr-1730	528	7	uniform	uniform	ADJ
cblr-1730	528	8	fiduciary	fiduciary	ADJ
cblr-1730	528	9	standard	standard	NOUN
cblr-1730	528	10	across	across	ADP
cblr-1730	528	11	financial	financial	ADJ
cblr-1730	528	12	advisers	adviser	NOUN
cblr-1730	528	13	,	,	PUNCT
cblr-1730	528	14	the	the	DET
cblr-1730	528	15	commissions	commission	NOUN
cblr-1730	528	16	themselves	themselves	PRON
cblr-1730	528	17	would	would	AUX
cblr-1730	528	18	likely	likely	ADV
cblr-1730	528	19	flatten	flatten	VERB
cblr-1730	528	20	even	even	ADV
cblr-1730	528	21	without	without	ADP
cblr-1730	528	22	such	such	DET
cblr-1730	528	23	a	a	DET
cblr-1730	528	24	provision	provision	NOUN
cblr-1730	528	25	within	within	ADP
cblr-1730	528	26	its	its	PRON
cblr-1730	528	27	terms	term	NOUN
cblr-1730	528	28	.	.	PUNCT
cblr-1730	529	1	if	if	SCONJ
cblr-1730	529	2	every	every	DET
cblr-1730	529	3	financial	financial	ADJ
cblr-1730	529	4	adviser	adviser	NOUN
cblr-1730	529	5	is	be	AUX
cblr-1730	529	6	required	require	VERB
cblr-1730	529	7	to	to	PART
cblr-1730	529	8	consider	consider	VERB
cblr-1730	529	9	the	the	DET
cblr-1730	529	10	commission	commission	NOUN
cblr-1730	529	11	of	of	ADP
cblr-1730	529	12	a	a	DET
cblr-1730	529	13	security	security	NOUN
cblr-1730	529	14	when	when	SCONJ
cblr-1730	529	15	determining	determine	VERB
cblr-1730	529	16	whether	whether	SCONJ
cblr-1730	529	17	to	to	PART
cblr-1730	529	18	recommend	recommend	VERB
cblr-1730	529	19	it	it	PRON
cblr-1730	529	20	,	,	PUNCT
cblr-1730	529	21	those	those	PRON
cblr-1730	529	22	of	of	ADP
cblr-1730	529	23	equal	equal	ADJ
cblr-1730	529	24	suitability	suitability	NOUN
cblr-1730	529	25	with	with	ADP
cblr-1730	529	26	higher	high	ADJ
cblr-1730	529	27	commissions	commission	NOUN
cblr-1730	529	28	would	would	AUX
cblr-1730	529	29	be	be	AUX
cblr-1730	529	30	recommended	recommend	VERB
cblr-1730	529	31	less	less	ADJ
cblr-1730	529	32	because	because	SCONJ
cblr-1730	529	33	they	they	PRON
cblr-1730	529	34	are	be	AUX
cblr-1730	529	35	costlier	costly	ADJ
cblr-1730	529	36	.	.	PUNCT
cblr-1730	530	1	with	with	ADP
cblr-1730	530	2	decreased	decrease	VERB
cblr-1730	530	3	demand	demand	NOUN
cblr-1730	530	4	comes	come	VERB
cblr-1730	530	5	decreased	decrease	VERB
cblr-1730	530	6	price	price	NOUN
cblr-1730	530	7	,	,	PUNCT
cblr-1730	530	8	and	and	CCONJ
cblr-1730	530	9	the	the	DET
cblr-1730	530	10	decreased	decrease	VERB
cblr-1730	530	11	price	price	NOUN
cblr-1730	530	12	would	would	AUX
cblr-1730	530	13	likely	likely	ADV
cblr-1730	530	14	be	be	AUX
cblr-1730	530	15	in	in	ADP
cblr-1730	530	16	the	the	DET
cblr-1730	530	17	form	form	NOUN
cblr-1730	530	18	of	of	ADP
cblr-1730	530	19	a	a	DET
cblr-1730	530	20	lower	low	ADJ
cblr-1730	530	21	commission	commission	NOUN
cblr-1730	530	22	since	since	SCONJ
cblr-1730	530	23	it	it	PRON
cblr-1730	530	24	was	be	AUX
cblr-1730	530	25	the	the	DET
cblr-1730	530	26	factor	factor	NOUN
cblr-1730	530	27	arbitrarily	arbitrarily	ADV
cblr-1730	530	28	making	make	VERB
cblr-1730	530	29	the	the	DET
cblr-1730	530	30	product	product	NOUN
cblr-1730	530	31	more	more	ADV
cblr-1730	530	32	expensive	expensive	ADJ
cblr-1730	530	33	.	.	PUNCT
cblr-1730	531	1	despite	despite	SCONJ
cblr-1730	531	2	the	the	DET
cblr-1730	531	3	reasonable	reasonable	ADJ
cblr-1730	531	4	criticism	criticism	NOUN
cblr-1730	531	5	of	of	ADP
cblr-1730	531	6	varied	varied	ADJ
cblr-1730	531	7	commissions	commission	NOUN
cblr-1730	531	8	by	by	ADP
cblr-1730	531	9	many	many	ADJ
cblr-1730	531	10	scholars	scholar	NOUN
cblr-1730	531	11	,	,	PUNCT
cblr-1730	531	12	the	the	DET
cblr-1730	531	13	additional	additional	ADJ
cblr-1730	531	14	costs	cost	NOUN
cblr-1730	531	15	in	in	ADP
cblr-1730	531	16	terms	term	NOUN
cblr-1730	531	17	of	of	ADP
cblr-1730	531	18	time	time	NOUN
cblr-1730	531	19	,	,	PUNCT
cblr-1730	531	20	money	money	NOUN
cblr-1730	531	21	,	,	PUNCT
cblr-1730	531	22	and	and	CCONJ
cblr-1730	531	23	political	political	ADJ
cblr-1730	531	24	capital	capital	NOUN
cblr-1730	531	25	otherwise	otherwise	ADV
cblr-1730	531	26	required	require	VERB
cblr-1730	531	27	to	to	PART
cblr-1730	531	28	include	include	VERB
cblr-1730	531	29	a	a	DET
cblr-1730	531	30	flattened	flatten	VERB
cblr-1730	531	31	commission	commission	NOUN
cblr-1730	531	32	clause	clause	NOUN
cblr-1730	531	33	within	within	ADP
cblr-1730	531	34	the	the	DET
cblr-1730	531	35	fara	fara	NOUN
cblr-1730	531	36	are	be	AUX
cblr-1730	531	37	unnecessary	unnecessary	ADJ
cblr-1730	531	38	.	.	PUNCT
cblr-1730	532	1	fara	fara	PROPN
cblr-1730	532	2	’s	’s	PART
cblr-1730	532	3	uniform	uniform	ADJ
cblr-1730	532	4	fiduciary	fiduciary	ADJ
cblr-1730	532	5	standard	standard	NOUN
cblr-1730	532	6	across	across	ADP
cblr-1730	532	7	all	all	DET
cblr-1730	532	8	financial	financial	ADJ
cblr-1730	532	9	advisers	adviser	NOUN
cblr-1730	532	10	alone	alone	ADV
cblr-1730	532	11	would	would	AUX
cblr-1730	532	12	be	be	AUX
cblr-1730	532	13	sufficient	sufficient	ADJ
cblr-1730	532	14	to	to	PART
cblr-1730	532	15	eliminate	eliminate	VERB
cblr-1730	532	16	the	the	DET
cblr-1730	532	17	current	current	ADJ
cblr-1730	532	18	misalignment	misalignment	NOUN
cblr-1730	532	19	of	of	ADP
cblr-1730	532	20	interests	interest	NOUN
cblr-1730	532	21	between	between	ADP
cblr-1730	532	22	investors	investor	NOUN
cblr-1730	532	23	and	and	CCONJ
cblr-1730	532	24	financial	financial	ADJ
cblr-1730	532	25	advisers	adviser	NOUN
cblr-1730	532	26	and	and	CCONJ
cblr-1730	532	27	should	should	AUX
cblr-1730	532	28	even	even	ADV
cblr-1730	532	29	lead	lead	VERB
cblr-1730	532	30	to	to	ADP
cblr-1730	532	31	naturally	naturally	ADV
cblr-1730	532	32	flattened	flatten	VERB
cblr-1730	532	33	commissions	commission	NOUN
cblr-1730	532	34	.	.	PUNCT
cblr-1730	533	1	the	the	DET
cblr-1730	533	2	second	second	ADJ
cblr-1730	533	3	major	major	ADJ
cblr-1730	533	4	criticism	criticism	NOUN
cblr-1730	533	5	is	be	AUX
cblr-1730	533	6	that	that	SCONJ
cblr-1730	533	7	a	a	DET
cblr-1730	533	8	uniform	uniform	ADJ
cblr-1730	533	9	fiduciary	fiduciary	ADJ
cblr-1730	533	10	standard	standard	NOUN
cblr-1730	533	11	would	would	AUX
cblr-1730	533	12	unreasonably	unreasonably	ADV
cblr-1730	533	13	burden	burden	VERB
cblr-1730	533	14	financial	financial	ADJ
cblr-1730	533	15	advisers	adviser	NOUN
cblr-1730	533	16	and	and	CCONJ
cblr-1730	533	17	that	that	SCONJ
cblr-1730	533	18	such	such	ADJ
cblr-1730	533	19	costs	cost	NOUN
cblr-1730	533	20	would	would	AUX
cblr-1730	533	21	be	be	AUX
cblr-1730	533	22	passed	pass	VERB
cblr-1730	533	23	on	on	ADP
cblr-1730	533	24	to	to	ADP
cblr-1730	533	25	consumers	consumer	NOUN
cblr-1730	533	26	.	.	PUNCT
cblr-1730	534	1	this	this	DET
cblr-1730	534	2	argument	argument	NOUN
cblr-1730	534	3	will	will	AUX
cblr-1730	534	4	be	be	AUX
cblr-1730	534	5	a	a	DET
cblr-1730	534	6	prominent	prominent	ADJ
cblr-1730	534	7	one	one	NOUN
cblr-1730	534	8	made	make	VERB
cblr-1730	534	9	by	by	ADP
cblr-1730	534	10	industry	industry	NOUN
cblr-1730	534	11	players	player	NOUN
cblr-1730	534	12	,	,	PUNCT
cblr-1730	534	13	including	include	VERB
cblr-1730	534	14	brokerage	brokerage	NOUN
cblr-1730	534	15	firms	firm	NOUN
cblr-1730	534	16	and	and	CCONJ
cblr-1730	534	17	financial	financial	ADJ
cblr-1730	534	18	advisers	adviser	NOUN
cblr-1730	534	19	,	,	PUNCT
cblr-1730	534	20	accustomed	accustom	VERB
cblr-1730	534	21	to	to	ADP
cblr-1730	534	22	the	the	DET
cblr-1730	534	23	status	status	NOUN
cblr-1730	534	24	quo	quo	NOUN
cblr-1730	534	25	.	.	PUNCT
cblr-1730	535	1	such	such	ADJ
cblr-1730	535	2	industry	industry	NOUN
cblr-1730	535	3	players	player	NOUN
cblr-1730	535	4	will	will	AUX
cblr-1730	535	5	argue	argue	VERB
cblr-1730	535	6	that	that	SCONJ
cblr-1730	535	7	,	,	PUNCT
cblr-1730	535	8	historically	historically	ADV
cblr-1730	535	9	,	,	PUNCT
cblr-1730	535	10	the	the	DET
cblr-1730	535	11	varying	vary	VERB
cblr-1730	535	12	level	level	NOUN
cblr-1730	535	13	of	of	ADP
cblr-1730	535	14	protections	protection	NOUN
cblr-1730	535	15	that	that	PRON
cblr-1730	535	16	accompanied	accompany	VERB
cblr-1730	535	17	the	the	DET
cblr-1730	535	18	different	different	ADJ
cblr-1730	535	19	financial	financial	ADJ
cblr-1730	535	20	advisers	adviser	NOUN
cblr-1730	535	21	allowed	allow	VERB
cblr-1730	535	22	them	they	PRON
cblr-1730	535	23	to	to	PART
cblr-1730	535	24	differentiate	differentiate	VERB
cblr-1730	535	25	in	in	ADP
cblr-1730	535	26	price	price	NOUN
cblr-1730	535	27	among	among	ADP
cblr-1730	535	28	varying	vary	VERB
cblr-1730	535	29	levels	level	NOUN
cblr-1730	535	30	of	of	ADP
cblr-1730	535	31	service	service	NOUN
cblr-1730	535	32	.	.	PUNCT
cblr-1730	536	1	a	a	DET
cblr-1730	536	2	unified	unified	ADJ
cblr-1730	536	3	fiduciary	fiduciary	ADJ
cblr-1730	536	4	standard	standard	NOUN
cblr-1730	536	5	,	,	PUNCT
cblr-1730	536	6	on	on	ADP
cblr-1730	536	7	the	the	DET
cblr-1730	536	8	other	other	ADJ
cblr-1730	536	9	hand	hand	NOUN
cblr-1730	536	10	,	,	PUNCT
cblr-1730	536	11	would	would	AUX
cblr-1730	536	12	raise	raise	VERB
cblr-1730	536	13	the	the	DET
cblr-1730	536	14	costs	cost	NOUN
cblr-1730	536	15	of	of	ADP
cblr-1730	536	16	providing	provide	VERB
cblr-1730	536	17	any	any	DET
cblr-1730	536	18	“	"	PUNCT
cblr-1730	536	19	discount	discount	NOUN
cblr-1730	536	20	”	"	PUNCT
cblr-1730	536	21	services	service	NOUN
cblr-1730	536	22	and	and	CCONJ
cblr-1730	536	23	these	these	DET
cblr-1730	536	24	costs	cost	NOUN
cblr-1730	536	25	would	would	AUX
cblr-1730	536	26	be	be	AUX
cblr-1730	536	27	passed	pass	VERB
cblr-1730	536	28	on	on	ADP
cblr-1730	536	29	to	to	ADP
cblr-1730	536	30	the	the	DET
cblr-1730	536	31	investors	investor	NOUN
cblr-1730	536	32	.	.	PUNCT
cblr-1730	537	1	thus	thus	ADV
cblr-1730	537	2	,	,	PUNCT
cblr-1730	537	3	investors	investor	NOUN
cblr-1730	537	4	could	could	AUX
cblr-1730	537	5	lose	lose	VERB
cblr-1730	537	6	more	more	ADJ
cblr-1730	537	7	in	in	ADP
cblr-1730	537	8	payments	payment	NOUN
cblr-1730	537	9	to	to	ADP
cblr-1730	537	10	157	157	NUM
cblr-1730	537	11	see	see	VERB
cblr-1730	537	12	edwards	edwards	PROPN
cblr-1730	537	13	,	,	PUNCT
cblr-1730	537	14	supra	supra	PROPN
cblr-1730	537	15	note	note	NOUN
cblr-1730	537	16	2	2	NUM
cblr-1730	537	17	,	,	PUNCT
cblr-1730	537	18	at	at	ADP
cblr-1730	537	19	106	106	NUM
cblr-1730	537	20	.	.	PUNCT
cblr-1730	538	1	smith	smith	PROPN
cblr-1730	538	2	–	–	PUNCT
cblr-1730	538	3	final	final	ADJ
cblr-1730	538	4	no	no	NOUN
cblr-1730	538	5	.	.	PUNCT
cblr-1730	539	1	3:1200	3:1200	NUM
cblr-1730	539	2	]	]	X
cblr-1730	539	3	a	a	DET
cblr-1730	539	4	uniform	uniform	ADJ
cblr-1730	539	5	fiduciary	fiduciary	ADJ
cblr-1730	539	6	duty	duty	NOUN
cblr-1730	539	7	1241	1241	NUM
cblr-1730	539	8	their	their	PRON
cblr-1730	539	9	financial	financial	ADJ
cblr-1730	539	10	adviser	adviser	NOUN
cblr-1730	539	11	than	than	SCONJ
cblr-1730	539	12	they	they	PRON
cblr-1730	539	13	would	would	AUX
cblr-1730	539	14	gain	gain	VERB
cblr-1730	539	15	in	in	ADP
cblr-1730	539	16	reduced	reduce	VERB
cblr-1730	539	17	confusion	confusion	NOUN
cblr-1730	539	18	and	and	CCONJ
cblr-1730	539	19	harm	harm	NOUN
cblr-1730	539	20	.	.	PUNCT
cblr-1730	540	1	however	however	ADV
cblr-1730	540	2	,	,	PUNCT
cblr-1730	540	3	this	this	DET
cblr-1730	540	4	argument	argument	NOUN
cblr-1730	540	5	fails	fail	VERB
cblr-1730	540	6	for	for	ADP
cblr-1730	540	7	two	two	NUM
cblr-1730	540	8	reasons	reason	NOUN
cblr-1730	540	9	.	.	PUNCT
cblr-1730	541	1	first	first	ADV
cblr-1730	541	2	,	,	PUNCT
cblr-1730	541	3	the	the	DET
cblr-1730	541	4	fiduciary	fiduciary	ADJ
cblr-1730	541	5	obligations	obligation	NOUN
cblr-1730	541	6	currently	currently	ADV
cblr-1730	541	7	differ	differ	VERB
cblr-1730	541	8	between	between	ADP
cblr-1730	541	9	financial	financial	ADJ
cblr-1730	541	10	advisers	adviser	NOUN
cblr-1730	541	11	—	—	PUNCT
cblr-1730	541	12	not	not	PART
cblr-1730	541	13	the	the	DET
cblr-1730	541	14	level	level	NOUN
cblr-1730	541	15	of	of	ADP
cblr-1730	541	16	service	service	NOUN
cblr-1730	541	17	provided.158	provided.158	NOUN
cblr-1730	541	18	under	under	ADP
cblr-1730	541	19	fara	fara	PROPN
cblr-1730	541	20	,	,	PUNCT
cblr-1730	541	21	investors	investor	NOUN
cblr-1730	541	22	would	would	AUX
cblr-1730	541	23	retain	retain	VERB
cblr-1730	541	24	the	the	DET
cblr-1730	541	25	ability	ability	NOUN
cblr-1730	541	26	to	to	PART
cblr-1730	541	27	select	select	VERB
cblr-1730	541	28	the	the	DET
cblr-1730	541	29	level	level	NOUN
cblr-1730	541	30	of	of	ADP
cblr-1730	541	31	service	service	NOUN
cblr-1730	541	32	they	they	PRON
cblr-1730	541	33	desire	desire	VERB
cblr-1730	541	34	,	,	PUNCT
cblr-1730	541	35	and	and	CCONJ
cblr-1730	541	36	different	different	ADJ
cblr-1730	541	37	compensation	compensation	NOUN
cblr-1730	541	38	schemes	scheme	NOUN
cblr-1730	541	39	would	would	AUX
cblr-1730	541	40	be	be	AUX
cblr-1730	541	41	available	available	ADJ
cblr-1730	541	42	based	base	VERB
cblr-1730	541	43	on	on	ADP
cblr-1730	541	44	that	that	DET
cblr-1730	541	45	selection	selection	NOUN
cblr-1730	541	46	.	.	PUNCT
cblr-1730	542	1	therefore	therefore	ADV
cblr-1730	542	2	,	,	PUNCT
cblr-1730	542	3	financial	financial	ADJ
cblr-1730	542	4	advisers	adviser	NOUN
cblr-1730	542	5	and	and	CCONJ
cblr-1730	542	6	their	their	PRON
cblr-1730	542	7	firms	firm	NOUN
cblr-1730	542	8	would	would	AUX
cblr-1730	542	9	be	be	AUX
cblr-1730	542	10	free	free	ADJ
cblr-1730	542	11	to	to	PART
cblr-1730	542	12	effectively	effectively	ADV
cblr-1730	542	13	price	price	VERB
cblr-1730	542	14	differentiate	differentiate	NOUN
cblr-1730	542	15	between	between	ADP
cblr-1730	542	16	levels	level	NOUN
cblr-1730	542	17	of	of	ADP
cblr-1730	542	18	service	service	NOUN
cblr-1730	542	19	.	.	PUNCT
cblr-1730	543	1	for	for	ADP
cblr-1730	543	2	example	example	NOUN
cblr-1730	543	3	,	,	PUNCT
cblr-1730	543	4	they	they	PRON
cblr-1730	543	5	could	could	AUX
cblr-1730	543	6	choose	choose	VERB
cblr-1730	543	7	to	to	PART
cblr-1730	543	8	offer	offer	VERB
cblr-1730	543	9	lower	low	ADJ
cblr-1730	543	10	cost	cost	NOUN
cblr-1730	543	11	commission	commission	NOUN
cblr-1730	543	12	-	-	PUNCT
cblr-1730	543	13	based	base	VERB
cblr-1730	543	14	compensation	compensation	NOUN
cblr-1730	543	15	for	for	ADP
cblr-1730	543	16	transaction	transaction	NOUN
cblr-1730	543	17	execution	execution	NOUN
cblr-1730	543	18	and	and	CCONJ
cblr-1730	543	19	higher	high	ADJ
cblr-1730	543	20	cost	cost	NOUN
cblr-1730	543	21	percentage	percentage	NOUN
cblr-1730	543	22	-	-	PUNCT
cblr-1730	543	23	ofassets	ofasset	NOUN
cblr-1730	543	24	-	-	PUNCT
cblr-1730	543	25	managed	manage	VERB
cblr-1730	543	26	-	-	PUNCT
cblr-1730	543	27	based	base	VERB
cblr-1730	543	28	fees	fee	NOUN
cblr-1730	543	29	for	for	ADP
cblr-1730	543	30	long	long	ADJ
cblr-1730	543	31	-	-	PUNCT
cblr-1730	543	32	term	term	NOUN
cblr-1730	543	33	account	account	NOUN
cblr-1730	543	34	management	management	NOUN
cblr-1730	543	35	.	.	PUNCT
cblr-1730	544	1	fara	fara	PROPN
cblr-1730	544	2	maintains	maintain	VERB
cblr-1730	544	3	the	the	DET
cblr-1730	544	4	financial	financial	ADJ
cblr-1730	544	5	adviser	adviser	NOUN
cblr-1730	544	6	’s	’s	PART
cblr-1730	544	7	ability	ability	NOUN
cblr-1730	544	8	to	to	PART
cblr-1730	544	9	offer	offer	VERB
cblr-1730	544	10	“	"	PUNCT
cblr-1730	544	11	discount	discount	NOUN
cblr-1730	544	12	”	"	PUNCT
cblr-1730	544	13	services	service	NOUN
cblr-1730	544	14	while	while	SCONJ
cblr-1730	544	15	also	also	ADV
cblr-1730	544	16	reducing	reduce	VERB
cblr-1730	544	17	consumer	consumer	NOUN
cblr-1730	544	18	confusion	confusion	NOUN
cblr-1730	544	19	and	and	CCONJ
cblr-1730	544	20	harm	harm	NOUN
cblr-1730	544	21	.	.	PUNCT
cblr-1730	545	1	second	second	ADJ
cblr-1730	545	2	,	,	PUNCT
cblr-1730	545	3	a	a	DET
cblr-1730	545	4	unified	unified	ADJ
cblr-1730	545	5	fiduciary	fiduciary	ADJ
cblr-1730	545	6	standard	standard	NOUN
cblr-1730	545	7	does	do	AUX
cblr-1730	545	8	not	not	PART
cblr-1730	545	9	require	require	VERB
cblr-1730	545	10	substantially	substantially	ADV
cblr-1730	545	11	different	different	ADJ
cblr-1730	545	12	or	or	CCONJ
cblr-1730	545	13	additional	additional	ADJ
cblr-1730	545	14	analysis	analysis	NOUN
cblr-1730	545	15	for	for	ADP
cblr-1730	545	16	financial	financial	ADJ
cblr-1730	545	17	advisers	adviser	NOUN
cblr-1730	545	18	.	.	PUNCT
cblr-1730	546	1	brokers	broker	NOUN
cblr-1730	546	2	currently	currently	ADV
cblr-1730	546	3	under	under	ADP
cblr-1730	546	4	the	the	DET
cblr-1730	546	5	suitability	suitability	NOUN
cblr-1730	546	6	rule	rule	NOUN
cblr-1730	546	7	are	be	AUX
cblr-1730	546	8	already	already	ADV
cblr-1730	546	9	required	require	VERB
cblr-1730	546	10	to	to	PART
cblr-1730	546	11	provide	provide	VERB
cblr-1730	546	12	suitable	suitable	ADJ
cblr-1730	546	13	securities	security	NOUN
cblr-1730	546	14	to	to	ADP
cblr-1730	546	15	their	their	PRON
cblr-1730	546	16	clients	client	NOUN
cblr-1730	546	17	.	.	PUNCT
cblr-1730	547	1	the	the	DET
cblr-1730	547	2	main	main	ADJ
cblr-1730	547	3	difference	difference	NOUN
cblr-1730	547	4	under	under	ADP
cblr-1730	547	5	a	a	DET
cblr-1730	547	6	fiduciary	fiduciary	ADJ
cblr-1730	547	7	standard	standard	NOUN
cblr-1730	547	8	is	be	AUX
cblr-1730	547	9	that	that	SCONJ
cblr-1730	547	10	brokers	broker	NOUN
cblr-1730	547	11	could	could	AUX
cblr-1730	547	12	no	no	ADV
cblr-1730	547	13	longer	long	ADV
cblr-1730	547	14	recommend	recommend	VERB
cblr-1730	547	15	equally	equally	ADV
cblr-1730	547	16	suitable	suitable	ADJ
cblr-1730	547	17	securities	security	NOUN
cblr-1730	547	18	with	with	ADP
cblr-1730	547	19	higher	high	ADJ
cblr-1730	547	20	commissions	commission	NOUN
cblr-1730	547	21	since	since	SCONJ
cblr-1730	547	22	they	they	PRON
cblr-1730	547	23	must	must	AUX
cblr-1730	547	24	factor	factor	VERB
cblr-1730	547	25	in	in	ADP
cblr-1730	547	26	the	the	DET
cblr-1730	547	27	price	price	NOUN
cblr-1730	547	28	and	and	CCONJ
cblr-1730	547	29	fees	fee	NOUN
cblr-1730	547	30	.	.	PUNCT
cblr-1730	548	1	although	although	SCONJ
cblr-1730	548	2	this	this	PRON
cblr-1730	548	3	could	could	AUX
cblr-1730	548	4	reduce	reduce	VERB
cblr-1730	548	5	broker	broker	NOUN
cblr-1730	548	6	revenues	revenue	NOUN
cblr-1730	548	7	,	,	PUNCT
cblr-1730	548	8	it	it	PRON
cblr-1730	548	9	would	would	AUX
cblr-1730	548	10	not	not	PART
cblr-1730	548	11	increase	increase	VERB
cblr-1730	548	12	their	their	PRON
cblr-1730	548	13	costs	cost	NOUN
cblr-1730	548	14	because	because	SCONJ
cblr-1730	548	15	the	the	DET
cblr-1730	548	16	analysis	analysis	NOUN
cblr-1730	548	17	required	require	VERB
cblr-1730	548	18	is	be	AUX
cblr-1730	548	19	virtually	virtually	ADV
cblr-1730	548	20	identical	identical	ADJ
cblr-1730	548	21	.	.	PUNCT
cblr-1730	549	1	as	as	ADP
cblr-1730	549	2	for	for	ADP
cblr-1730	549	3	online	online	ADJ
cblr-1730	549	4	platforms	platform	NOUN
cblr-1730	549	5	,	,	PUNCT
cblr-1730	549	6	their	their	PRON
cblr-1730	549	7	research	research	NOUN
cblr-1730	549	8	tools	tool	NOUN
cblr-1730	549	9	function	function	VERB
cblr-1730	549	10	in	in	ADP
cblr-1730	549	11	largely	largely	ADV
cblr-1730	549	12	the	the	DET
cblr-1730	549	13	same	same	ADJ
cblr-1730	549	14	manner	manner	NOUN
cblr-1730	549	15	as	as	ADP
cblr-1730	549	16	brokers	broker	NOUN
cblr-1730	549	17	.	.	PUNCT
cblr-1730	550	1	therefore	therefore	ADV
cblr-1730	550	2	,	,	PUNCT
cblr-1730	550	3	after	after	ADP
cblr-1730	550	4	the	the	DET
cblr-1730	550	5	initial	initial	ADJ
cblr-1730	550	6	fixed	fix	VERB
cblr-1730	550	7	cost	cost	NOUN
cblr-1730	550	8	of	of	ADP
cblr-1730	550	9	modifying	modify	VERB
cblr-1730	550	10	the	the	DET
cblr-1730	550	11	search	search	NOUN
cblr-1730	550	12	engine	engine	NOUN
cblr-1730	550	13	’s	’s	PART
cblr-1730	550	14	algorithms	algorithm	NOUN
cblr-1730	550	15	so	so	SCONJ
cblr-1730	550	16	that	that	SCONJ
cblr-1730	550	17	their	their	PRON
cblr-1730	550	18	results	result	NOUN
cblr-1730	550	19	factor	factor	NOUN
cblr-1730	550	20	in	in	ADP
cblr-1730	550	21	the	the	DET
cblr-1730	550	22	price	price	NOUN
cblr-1730	550	23	and	and	CCONJ
cblr-1730	550	24	fees	fee	NOUN
cblr-1730	550	25	of	of	ADP
cblr-1730	550	26	securities	security	NOUN
cblr-1730	550	27	,	,	PUNCT
cblr-1730	550	28	the	the	DET
cblr-1730	550	29	effect	effect	NOUN
cblr-1730	550	30	of	of	ADP
cblr-1730	550	31	fara	fara	NOUN
cblr-1730	550	32	should	should	AUX
cblr-1730	550	33	be	be	AUX
cblr-1730	550	34	minimal	minimal	ADJ
cblr-1730	550	35	.	.	PUNCT
cblr-1730	551	1	online	online	ADJ
cblr-1730	551	2	platforms	platform	NOUN
cblr-1730	551	3	may	may	AUX
cblr-1730	551	4	additionally	additionally	ADV
cblr-1730	551	5	argue	argue	VERB
cblr-1730	551	6	that	that	SCONJ
cblr-1730	551	7	the	the	DET
cblr-1730	551	8	unified	unified	ADJ
cblr-1730	551	9	standard	standard	NOUN
cblr-1730	551	10	under	under	ADP
cblr-1730	551	11	fara	fara	PROPN
cblr-1730	551	12	would	would	AUX
cblr-1730	551	13	increase	increase	VERB
cblr-1730	551	14	their	their	PRON
cblr-1730	551	15	litigation	litigation	NOUN
cblr-1730	551	16	costs	cost	NOUN
cblr-1730	551	17	,	,	PUNCT
cblr-1730	551	18	and	and	CCONJ
cblr-1730	551	19	that	that	SCONJ
cblr-1730	551	20	these	these	DET
cblr-1730	551	21	costs	cost	NOUN
cblr-1730	551	22	would	would	AUX
cblr-1730	551	23	in	in	ADP
cblr-1730	551	24	turn	turn	NOUN
cblr-1730	551	25	be	be	AUX
cblr-1730	551	26	passed	pass	VERB
cblr-1730	551	27	on	on	ADP
cblr-1730	551	28	to	to	ADP
cblr-1730	551	29	investors	investor	NOUN
cblr-1730	551	30	.	.	PUNCT
cblr-1730	552	1	while	while	SCONJ
cblr-1730	552	2	it	it	PRON
cblr-1730	552	3	is	be	AUX
cblr-1730	552	4	true	true	ADJ
cblr-1730	552	5	the	the	DET
cblr-1730	552	6	current	current	ADJ
cblr-1730	552	7	contract	contract	NOUN
cblr-1730	552	8	-	-	PUNCT
cblr-1730	552	9	based	base	VERB
cblr-1730	552	10	system	system	NOUN
cblr-1730	552	11	for	for	ADP
cblr-1730	552	12	online	online	ADJ
cblr-1730	552	13	158	158	NUM
cblr-1730	552	14	see	see	VERB
cblr-1730	552	15	generally	generally	ADV
cblr-1730	552	16	sec	sec	PROPN
cblr-1730	552	17	study	study	NOUN
cblr-1730	552	18	,	,	PUNCT
cblr-1730	552	19	supra	supra	PROPN
cblr-1730	552	20	note	note	PROPN
cblr-1730	552	21	6	6	NUM
cblr-1730	552	22	,	,	PUNCT
cblr-1730	552	23	at	at	ADP
cblr-1730	552	24	22	22	NUM
cblr-1730	552	25	;	;	PUNCT
cblr-1730	552	26	sec	sec	PROPN
cblr-1730	552	27	v.	v.	ADP
cblr-1730	552	28	capital	capital	PROPN
cblr-1730	552	29	gains	gain	NOUN
cblr-1730	552	30	research	research	PROPN
cblr-1730	552	31	bureau	bureau	PROPN
cblr-1730	552	32	,	,	PUNCT
cblr-1730	552	33	inc	inc	PROPN
cblr-1730	552	34	.	.	PROPN
cblr-1730	552	35	,	,	PUNCT
cblr-1730	552	36	375	375	NUM
cblr-1730	552	37	u.s	u.s	PROPN
cblr-1730	552	38	.	.	PROPN
cblr-1730	552	39	180	180	NUM
cblr-1730	552	40	,	,	PUNCT
cblr-1730	552	41	194	194	NUM
cblr-1730	552	42	(	(	PUNCT
cblr-1730	552	43	1963	1963	NUM
cblr-1730	552	44	)	)	PUNCT
cblr-1730	552	45	;	;	PUNCT
cblr-1730	552	46	lazaro	lazaro	NOUN
cblr-1730	552	47	,	,	PUNCT
cblr-1730	552	48	supra	supra	PROPN
cblr-1730	552	49	note	note	NOUN
cblr-1730	552	50	17	17	NUM
cblr-1730	552	51	,	,	PUNCT
cblr-1730	552	52	at	at	ADP
cblr-1730	552	53	132	132	NUM
cblr-1730	552	54	;	;	PUNCT
cblr-1730	552	55	finra	finra	NOUN
cblr-1730	552	56	manual	manual	NOUN
cblr-1730	552	57	rule	rule	VERB
cblr-1730	552	58	2111	2111	NUM
cblr-1730	552	59	,	,	PUNCT
cblr-1730	552	60	supra	supra	PROPN
cblr-1730	552	61	note	note	NOUN
cblr-1730	552	62	24	24	NUM
cblr-1730	552	63	(	(	PUNCT
cblr-1730	552	64	prescribing	prescribe	VERB
cblr-1730	552	65	and	and	CCONJ
cblr-1730	552	66	defining	define	VERB
cblr-1730	552	67	the	the	DET
cblr-1730	552	68	customer	customer	NOUN
cblr-1730	552	69	-	-	PUNCT
cblr-1730	552	70	specific	specific	ADJ
cblr-1730	552	71	suitability	suitability	NOUN
cblr-1730	552	72	obligation	obligation	NOUN
cblr-1730	552	73	)	)	PUNCT
cblr-1730	552	74	;	;	PUNCT
cblr-1730	553	1	williams	williams	PROPN
cblr-1730	553	2	v.	v.	ADP
cblr-1730	553	3	scottrade	scottrade	PROPN
cblr-1730	553	4	,	,	PUNCT
cblr-1730	553	5	inc	inc	PROPN
cblr-1730	553	6	.	.	PROPN
cblr-1730	553	7	,	,	PUNCT
cblr-1730	553	8	no	no	INTJ
cblr-1730	553	9	.	.	NOUN
cblr-1730	553	10	0610677	0610677	NUM
cblr-1730	553	11	,	,	PUNCT
cblr-1730	553	12	2006	2006	NUM
cblr-1730	553	13	wl	wl	NOUN
cblr-1730	553	14	2077588	2077588	NUM
cblr-1730	553	15	,	,	PUNCT
cblr-1730	553	16	at	at	ADP
cblr-1730	553	17	*	*	PROPN
cblr-1730	553	18	4–5	4–5	PROPN
cblr-1730	553	19	(	(	PUNCT
cblr-1730	553	20	e.d	e.d	PROPN
cblr-1730	553	21	.	.	PROPN
cblr-1730	553	22	mich	mich	PROPN
cblr-1730	553	23	.	.	PUNCT
cblr-1730	553	24	july	july	PROPN
cblr-1730	553	25	24	24	NUM
cblr-1730	553	26	,	,	PUNCT
cblr-1730	553	27	2006	2006	NUM
cblr-1730	553	28	)	)	PUNCT
cblr-1730	553	29	.	.	PUNCT
cblr-1730	554	1	smith	smith	PROPN
cblr-1730	554	2	–	–	PUNCT
cblr-1730	554	3	final	final	ADJ
cblr-1730	554	4	1242	1242	NUM
cblr-1730	554	5	columbia	columbia	PROPN
cblr-1730	554	6	business	business	NOUN
cblr-1730	554	7	law	law	PROPN
cblr-1730	554	8	review	review	NOUN
cblr-1730	555	1	[	[	X
cblr-1730	555	2	vol	vol	NOUN
cblr-1730	555	3	.	.	NOUN
cblr-1730	555	4	2017	2017	NUM
cblr-1730	555	5	platforms	platform	NOUN
cblr-1730	555	6	provides	provide	VERB
cblr-1730	555	7	a	a	DET
cblr-1730	555	8	strong	strong	ADJ
cblr-1730	555	9	shield	shield	NOUN
cblr-1730	555	10	from	from	ADP
cblr-1730	555	11	litigation	litigation	NOUN
cblr-1730	555	12	and	and	CCONJ
cblr-1730	555	13	liability,159	liability,159	NOUN
cblr-1730	555	14	this	this	PRON
cblr-1730	555	15	does	do	AUX
cblr-1730	555	16	not	not	PART
cblr-1730	555	17	inherently	inherently	ADV
cblr-1730	555	18	mean	mean	VERB
cblr-1730	555	19	that	that	SCONJ
cblr-1730	555	20	those	those	DET
cblr-1730	555	21	costs	cost	NOUN
cblr-1730	555	22	would	would	AUX
cblr-1730	555	23	increase	increase	VERB
cblr-1730	555	24	under	under	ADP
cblr-1730	555	25	a	a	DET
cblr-1730	555	26	unified	unified	ADJ
cblr-1730	555	27	fiduciary	fiduciary	ADJ
cblr-1730	555	28	standard	standard	NOUN
cblr-1730	555	29	.	.	PUNCT
cblr-1730	556	1	in	in	ADP
cblr-1730	556	2	fact	fact	NOUN
cblr-1730	556	3	,	,	PUNCT
cblr-1730	556	4	despite	despite	SCONJ
cblr-1730	556	5	the	the	DET
cblr-1730	556	6	judicial	judicial	ADJ
cblr-1730	556	7	trend	trend	NOUN
cblr-1730	556	8	of	of	ADP
cblr-1730	556	9	expanding	expand	VERB
cblr-1730	556	10	fiduciary	fiduciary	ADJ
cblr-1730	556	11	obligations	obligation	NOUN
cblr-1730	556	12	to	to	ADP
cblr-1730	556	13	brokers	broker	NOUN
cblr-1730	556	14	,	,	PUNCT
cblr-1730	556	15	the	the	DET
cblr-1730	556	16	percentage	percentage	NOUN
cblr-1730	556	17	of	of	ADP
cblr-1730	556	18	new	new	ADJ
cblr-1730	556	19	federal	federal	ADJ
cblr-1730	556	20	case	case	NOUN
cblr-1730	556	21	filings	filing	NOUN
cblr-1730	556	22	arising	arise	VERB
cblr-1730	556	23	from	from	ADP
cblr-1730	556	24	the	the	DET
cblr-1730	556	25	retail	retail	ADJ
cblr-1730	556	26	trade	trade	NOUN
cblr-1730	556	27	sector	sector	NOUN
cblr-1730	556	28	has	have	AUX
cblr-1730	556	29	stayed	stay	VERB
cblr-1730	556	30	roughly	roughly	ADV
cblr-1730	556	31	constant	constant	ADJ
cblr-1730	556	32	since	since	SCONJ
cblr-1730	556	33	2010.160	2010.160	PROPN
cblr-1730	556	34	this	this	PRON
cblr-1730	556	35	is	be	AUX
cblr-1730	556	36	strong	strong	ADJ
cblr-1730	556	37	evidence	evidence	NOUN
cblr-1730	556	38	that	that	SCONJ
cblr-1730	556	39	,	,	PUNCT
cblr-1730	556	40	even	even	ADV
cblr-1730	556	41	if	if	SCONJ
cblr-1730	556	42	a	a	DET
cblr-1730	556	43	unified	unified	ADJ
cblr-1730	556	44	fiduciary	fiduciary	ADJ
cblr-1730	556	45	duty	duty	NOUN
cblr-1730	556	46	were	be	AUX
cblr-1730	556	47	extended	extend	VERB
cblr-1730	556	48	to	to	ADP
cblr-1730	556	49	online	online	ADJ
cblr-1730	556	50	platforms	platform	NOUN
cblr-1730	556	51	,	,	PUNCT
cblr-1730	556	52	there	there	PRON
cblr-1730	556	53	would	would	AUX
cblr-1730	556	54	be	be	AUX
cblr-1730	556	55	no	no	DET
cblr-1730	556	56	significant	significant	ADJ
cblr-1730	556	57	increase	increase	NOUN
cblr-1730	556	58	in	in	ADP
cblr-1730	556	59	instances	instance	NOUN
cblr-1730	556	60	of	of	ADP
cblr-1730	556	61	new	new	ADJ
cblr-1730	556	62	litigation	litigation	NOUN
cblr-1730	556	63	.	.	PUNCT
cblr-1730	557	1	hence	hence	ADV
cblr-1730	557	2	,	,	PUNCT
cblr-1730	557	3	a	a	DET
cblr-1730	557	4	unified	unified	ADJ
cblr-1730	557	5	fiduciary	fiduciary	ADJ
cblr-1730	557	6	standard	standard	NOUN
cblr-1730	557	7	should	should	AUX
cblr-1730	557	8	not	not	PART
cblr-1730	557	9	increase	increase	VERB
cblr-1730	557	10	costs	cost	NOUN
cblr-1730	557	11	to	to	ADP
cblr-1730	557	12	either	either	CCONJ
cblr-1730	557	13	financial	financial	ADJ
cblr-1730	557	14	advisers	adviser	NOUN
cblr-1730	557	15	or	or	CCONJ
cblr-1730	557	16	investors	investor	NOUN
cblr-1730	557	17	as	as	ADP
cblr-1730	557	18	a	a	DET
cblr-1730	557	19	result	result	NOUN
cblr-1730	557	20	of	of	ADP
cblr-1730	557	21	rising	rise	VERB
cblr-1730	557	22	litigation	litigation	NOUN
cblr-1730	557	23	.	.	PUNCT
cblr-1730	558	1	despite	despite	SCONJ
cblr-1730	558	2	reasonable	reasonable	ADJ
cblr-1730	558	3	criticisms	criticism	NOUN
cblr-1730	558	4	of	of	ADP
cblr-1730	558	5	a	a	DET
cblr-1730	558	6	unified	unified	ADJ
cblr-1730	558	7	fiduciary	fiduciary	ADJ
cblr-1730	558	8	standard	standard	NOUN
cblr-1730	558	9	,	,	PUNCT
cblr-1730	558	10	this	this	DET
cblr-1730	558	11	standard	standard	NOUN
cblr-1730	558	12	still	still	ADV
cblr-1730	558	13	possesses	possess	VERB
cblr-1730	558	14	the	the	DET
cblr-1730	558	15	greatest	great	ADJ
cblr-1730	558	16	potential	potential	NOUN
cblr-1730	558	17	for	for	ADP
cblr-1730	558	18	effective	effective	ADJ
cblr-1730	558	19	and	and	CCONJ
cblr-1730	558	20	efficient	efficient	ADJ
cblr-1730	558	21	reform	reform	NOUN
cblr-1730	558	22	in	in	ADP
cblr-1730	558	23	retail	retail	ADJ
cblr-1730	558	24	trading	trading	NOUN
cblr-1730	558	25	.	.	PUNCT
cblr-1730	559	1	specifically	specifically	ADV
cblr-1730	559	2	,	,	PUNCT
cblr-1730	559	3	fara	fara	PROPN
cblr-1730	559	4	represents	represent	VERB
cblr-1730	559	5	a	a	DET
cblr-1730	559	6	balanced	balanced	ADJ
cblr-1730	559	7	approach	approach	NOUN
cblr-1730	559	8	to	to	ADP
cblr-1730	559	9	industry	industry	NOUN
cblr-1730	559	10	reform	reform	NOUN
cblr-1730	559	11	that	that	PRON
cblr-1730	559	12	would	would	AUX
cblr-1730	559	13	benefit	benefit	VERB
cblr-1730	559	14	investors	investor	NOUN
cblr-1730	559	15	by	by	ADP
cblr-1730	559	16	virtue	virtue	NOUN
cblr-1730	559	17	of	of	ADP
cblr-1730	559	18	reduced	reduce	VERB
cblr-1730	559	19	consumer	consumer	NOUN
cblr-1730	559	20	confusion	confusion	NOUN
cblr-1730	559	21	and	and	CCONJ
cblr-1730	559	22	potential	potential	NOUN
cblr-1730	559	23	for	for	ADP
cblr-1730	559	24	investor	investor	NOUN
cblr-1730	559	25	harm	harm	NOUN
cblr-1730	559	26	while	while	SCONJ
cblr-1730	559	27	maintaining	maintain	VERB
cblr-1730	559	28	investor	investor	NOUN
cblr-1730	559	29	choice	choice	NOUN
cblr-1730	559	30	and	and	CCONJ
cblr-1730	559	31	market	market	NOUN
cblr-1730	559	32	efficiency	efficiency	NOUN
cblr-1730	559	33	with	with	ADP
cblr-1730	559	34	minimal	minimal	ADJ
cblr-1730	559	35	impact	impact	NOUN
cblr-1730	559	36	on	on	ADP
cblr-1730	559	37	costs	cost	NOUN
cblr-1730	559	38	.	.	PUNCT
cblr-1730	560	1	although	although	SCONJ
cblr-1730	560	2	passing	pass	VERB
cblr-1730	560	3	any	any	DET
cblr-1730	560	4	legislation	legislation	NOUN
cblr-1730	560	5	is	be	AUX
cblr-1730	560	6	no	no	DET
cblr-1730	560	7	sure	sure	ADJ
cblr-1730	560	8	thing	thing	NOUN
cblr-1730	560	9	,	,	PUNCT
cblr-1730	560	10	retail	retail	ADJ
cblr-1730	560	11	trading	trading	NOUN
cblr-1730	560	12	reform	reform	NOUN
cblr-1730	560	13	is	be	AUX
cblr-1730	560	14	needed	need	VERB
cblr-1730	560	15	and	and	CCONJ
cblr-1730	560	16	has	have	AUX
cblr-1730	560	17	been	be	AUX
cblr-1730	560	18	necessary	necessary	ADJ
cblr-1730	560	19	for	for	ADP
cblr-1730	560	20	years.161	years.161	VERB
cblr-1730	560	21	in	in	ADP
cblr-1730	560	22	light	light	NOUN
cblr-1730	560	23	of	of	ADP
cblr-1730	560	24	the	the	DET
cblr-1730	560	25	foregoing	forego	VERB
cblr-1730	560	26	criticisms	criticism	NOUN
cblr-1730	560	27	and	and	CCONJ
cblr-1730	560	28	benefits	benefit	NOUN
cblr-1730	560	29	of	of	ADP
cblr-1730	560	30	fara	fara	PROPN
cblr-1730	560	31	,	,	PUNCT
cblr-1730	560	32	it	it	PRON
cblr-1730	560	33	would	would	AUX
cblr-1730	560	34	seem	seem	VERB
cblr-1730	560	35	natural	natural	ADJ
cblr-1730	560	36	that	that	SCONJ
cblr-1730	560	37	some	some	PRON
cblr-1730	560	38	of	of	ADP
cblr-1730	560	39	its	its	PRON
cblr-1730	560	40	key	key	ADJ
cblr-1730	560	41	features	feature	NOUN
cblr-1730	560	42	,	,	PUNCT
cblr-1730	560	43	such	such	ADJ
cblr-1730	560	44	as	as	ADP
cblr-1730	560	45	a	a	DET
cblr-1730	560	46	uniform	uniform	ADJ
cblr-1730	560	47	fiduciary	fiduciary	ADJ
cblr-1730	560	48	duty	duty	NOUN
cblr-1730	560	49	,	,	PUNCT
cblr-1730	560	50	should	should	AUX
cblr-1730	560	51	be	be	AUX
cblr-1730	560	52	implemented	implement	VERB
cblr-1730	560	53	in	in	ADP
cblr-1730	560	54	the	the	DET
cblr-1730	560	55	coming	come	VERB
cblr-1730	560	56	years	year	NOUN
cblr-1730	560	57	;	;	PUNCT
cblr-1730	560	58	however	however	ADV
cblr-1730	560	59	,	,	PUNCT
cblr-1730	560	60	given	give	VERB
cblr-1730	560	61	the	the	DET
cblr-1730	560	62	current	current	ADJ
cblr-1730	560	63	political	political	ADJ
cblr-1730	560	64	climate	climate	NOUN
cblr-1730	560	65	focused	focus	VERB
cblr-1730	560	66	largely	largely	ADV
cblr-1730	560	67	on	on	ADP
cblr-1730	560	68	deregulation	deregulation	NOUN
cblr-1730	560	69	,	,	PUNCT
cblr-1730	560	70	it	it	PRON
cblr-1730	560	71	is	be	AUX
cblr-1730	560	72	unlikely	unlikely	ADJ
cblr-1730	560	73	that	that	SCONJ
cblr-1730	560	74	any	any	PRON
cblr-1730	560	75	of	of	ADP
cblr-1730	560	76	its	its	PRON
cblr-1730	560	77	features	feature	NOUN
cblr-1730	560	78	will	will	AUX
cblr-1730	560	79	be	be	AUX
cblr-1730	560	80	enacted	enact	VERB
cblr-1730	560	81	prior	prior	ADV
cblr-1730	560	82	to	to	ADP
cblr-1730	560	83	a	a	DET
cblr-1730	560	84	change	change	NOUN
cblr-1730	560	85	of	of	ADP
cblr-1730	560	86	administration	administration	NOUN
cblr-1730	560	87	.	.	PUNCT
cblr-1730	561	1	therefore	therefore	ADV
cblr-1730	561	2	,	,	PUNCT
cblr-1730	561	3	fara	fara	PROPN
cblr-1730	561	4	reforms	reform	NOUN
cblr-1730	561	5	remain	remain	VERB
cblr-1730	561	6	a	a	DET
cblr-1730	561	7	near	near	ADJ
cblr-1730	561	8	-	-	PUNCT
cblr-1730	561	9	future	future	NOUN
cblr-1730	561	10	promise	promise	NOUN
cblr-1730	561	11	to	to	ADP
cblr-1730	561	12	investors	investor	NOUN
cblr-1730	561	13	.	.	PUNCT
cblr-1730	562	1	159	159	NUM
cblr-1730	562	2	williams	william	NOUN
cblr-1730	562	3	,	,	PUNCT
cblr-1730	562	4	2006	2006	NUM
cblr-1730	562	5	wl	wl	NOUN
cblr-1730	562	6	2077588	2077588	NUM
cblr-1730	562	7	,	,	PUNCT
cblr-1730	562	8	at	at	ADP
cblr-1730	562	9	*	*	PROPN
cblr-1730	562	10	4–5	4–5	NUM
cblr-1730	562	11	.	.	NOUN
cblr-1730	562	12	160	160	NUM
cblr-1730	562	13	monica	monica	PROPN
cblr-1730	562	14	loseman	loseman	NOUN
cblr-1730	562	15	,	,	PUNCT
cblr-1730	562	16	2016	2016	NUM
cblr-1730	562	17	mid	mid	ADJ
cblr-1730	562	18	-	-	ADJ
cblr-1730	562	19	year	year	NOUN
cblr-1730	562	20	securities	security	NOUN
cblr-1730	562	21	litigation	litigation	NOUN
cblr-1730	562	22	update	update	NOUN
cblr-1730	562	23	,	,	PUNCT
cblr-1730	562	24	harv	harv	PROPN
cblr-1730	562	25	.	.	PUNCT
cblr-1730	563	1	l.	l.	PROPN
cblr-1730	563	2	sch	sch	PROPN
cblr-1730	563	3	.	.	PROPN
cblr-1730	563	4	f.	f.	PROPN
cblr-1730	563	5	corp	corp	PROPN
cblr-1730	563	6	governance	governance	PROPN
cblr-1730	563	7	&	&	CCONJ
cblr-1730	563	8	fin	fin	PROPN
cblr-1730	563	9	.	.	PUNCT
cblr-1730	564	1	reg	reg	PROPN
cblr-1730	564	2	.	.	PUNCT
cblr-1730	565	1	(	(	PUNCT
cblr-1730	565	2	july	july	PROPN
cblr-1730	565	3	30	30	NUM
cblr-1730	565	4	,	,	PUNCT
cblr-1730	565	5	2016	2016	NUM
cblr-1730	565	6	)	)	PUNCT
cblr-1730	565	7	,	,	PUNCT
cblr-1730	565	8	https://corpgov.law.harvard.edu/2016/07/30/2016-mid-year-securities-litigation-update/	https://corpgov.law.harvard.edu/2016/07/30/2016-mid-year-securities-litigation-update/	ADV
cblr-1730	566	1	[	[	X
cblr-1730	566	2	perma.cc/5x7r-xpa7	perma.cc/5x7r-xpa7	X
cblr-1730	566	3	]	]	PUNCT
cblr-1730	566	4	.	.	PUNCT
cblr-1730	567	1	161	161	NUM
cblr-1730	567	2	see	see	VERB
cblr-1730	567	3	generally	generally	ADV
cblr-1730	567	4	edwards	edwards	PROPN
cblr-1730	567	5	,	,	PUNCT
cblr-1730	567	6	supra	supra	PROPN
cblr-1730	567	7	note	note	PROPN
cblr-1730	567	8	2	2	NUM
cblr-1730	567	9	;	;	PUNCT
cblr-1730	567	10	laby	laby	NOUN
cblr-1730	567	11	,	,	PUNCT
cblr-1730	567	12	supra	supra	PROPN
cblr-1730	567	13	note	note	NOUN
cblr-1730	567	14	9	9	NUM
cblr-1730	567	15	;	;	PUNCT
cblr-1730	567	16	varnavides	varnavide	NOUN
cblr-1730	567	17	,	,	PUNCT
cblr-1730	567	18	supra	supra	PROPN
cblr-1730	567	19	note	note	PROPN
cblr-1730	567	20	6	6	NUM
cblr-1730	567	21	;	;	PUNCT
cblr-1730	567	22	lazaro	lazaro	NOUN
cblr-1730	567	23	,	,	PUNCT
cblr-1730	567	24	supra	supra	PROPN
cblr-1730	567	25	note	note	NOUN
cblr-1730	567	26	17	17	NUM
cblr-1730	567	27	.	.	PUNCT
cblr-1730	568	1	smith	smith	PROPN
cblr-1730	568	2	–	–	PUNCT
cblr-1730	568	3	final	final	ADJ
cblr-1730	568	4	no	no	NOUN
cblr-1730	568	5	.	.	PUNCT
cblr-1730	569	1	3:1200	3:1200	NUM
cblr-1730	569	2	]	]	X
cblr-1730	569	3	a	a	DET
cblr-1730	569	4	uniform	uniform	ADJ
cblr-1730	569	5	fiduciary	fiduciary	ADJ
cblr-1730	569	6	duty	duty	NOUN
cblr-1730	569	7	1243	1243	NUM
cblr-1730	569	8	v.	v.	ADP
cblr-1730	569	9	conclusion	conclusion	NOUN
cblr-1730	569	10	this	this	DET
cblr-1730	569	11	note	note	NOUN
cblr-1730	569	12	argues	argue	VERB
cblr-1730	569	13	that	that	SCONJ
cblr-1730	569	14	new	new	ADJ
cblr-1730	569	15	legislation	legislation	NOUN
cblr-1730	569	16	is	be	AUX
cblr-1730	569	17	required	require	VERB
cblr-1730	569	18	in	in	ADP
cblr-1730	569	19	order	order	NOUN
cblr-1730	569	20	to	to	PART
cblr-1730	569	21	create	create	VERB
cblr-1730	569	22	a	a	DET
cblr-1730	569	23	uniform	uniform	ADJ
cblr-1730	569	24	fiduciary	fiduciary	ADJ
cblr-1730	569	25	standard	standard	NOUN
cblr-1730	569	26	applicable	applicable	ADJ
cblr-1730	569	27	to	to	ADP
cblr-1730	569	28	investment	investment	NOUN
cblr-1730	569	29	advisers	adviser	NOUN
cblr-1730	569	30	,	,	PUNCT
cblr-1730	569	31	brokers	broker	NOUN
cblr-1730	569	32	,	,	PUNCT
cblr-1730	569	33	and	and	CCONJ
cblr-1730	569	34	online	online	ADJ
cblr-1730	569	35	platforms	platform	NOUN
cblr-1730	569	36	.	.	PUNCT
cblr-1730	570	1	the	the	DET
cblr-1730	570	2	clear	clear	ADJ
cblr-1730	570	3	direction	direction	NOUN
cblr-1730	570	4	of	of	ADP
cblr-1730	570	5	the	the	DET
cblr-1730	570	6	case	case	NOUN
cblr-1730	570	7	law	law	NOUN
cblr-1730	570	8	has	have	AUX
cblr-1730	570	9	been	be	AUX
cblr-1730	570	10	to	to	PART
cblr-1730	570	11	extend	extend	VERB
cblr-1730	570	12	fiduciary	fiduciary	ADJ
cblr-1730	570	13	duties	duty	NOUN
cblr-1730	570	14	to	to	ADP
cblr-1730	570	15	brokers	broker	NOUN
cblr-1730	570	16	who	who	PRON
cblr-1730	570	17	now	now	ADV
cblr-1730	570	18	offer	offer	VERB
cblr-1730	570	19	many	many	ADJ
cblr-1730	570	20	of	of	ADP
cblr-1730	570	21	the	the	DET
cblr-1730	570	22	same	same	ADJ
cblr-1730	570	23	services	service	NOUN
cblr-1730	570	24	and	and	CCONJ
cblr-1730	570	25	occupy	occupy	VERB
cblr-1730	570	26	positions	position	NOUN
cblr-1730	570	27	of	of	ADP
cblr-1730	570	28	trust	trust	NOUN
cblr-1730	570	29	that	that	SCONJ
cblr-1730	570	30	,	,	PUNCT
cblr-1730	570	31	historically	historically	ADV
cblr-1730	570	32	,	,	PUNCT
cblr-1730	570	33	have	have	AUX
cblr-1730	570	34	been	be	AUX
cblr-1730	570	35	within	within	ADP
cblr-1730	570	36	the	the	DET
cblr-1730	570	37	realm	realm	NOUN
cblr-1730	570	38	of	of	ADP
cblr-1730	570	39	investment	investment	NOUN
cblr-1730	570	40	advisers	adviser	NOUN
cblr-1730	570	41	.	.	PUNCT
cblr-1730	571	1	online	online	ADJ
cblr-1730	571	2	platforms	platform	NOUN
cblr-1730	571	3	are	be	AUX
cblr-1730	571	4	a	a	DET
cblr-1730	571	5	form	form	NOUN
cblr-1730	571	6	of	of	ADP
cblr-1730	571	7	discount	discount	NOUN
cblr-1730	571	8	broker	broker	NOUN
cblr-1730	571	9	and	and	CCONJ
cblr-1730	571	10	,	,	PUNCT
cblr-1730	571	11	thus	thus	ADV
cblr-1730	571	12	,	,	PUNCT
cblr-1730	571	13	share	share	VERB
cblr-1730	571	14	many	many	ADJ
cblr-1730	571	15	of	of	ADP
cblr-1730	571	16	these	these	DET
cblr-1730	571	17	same	same	ADJ
cblr-1730	571	18	attributes	attribute	NOUN
cblr-1730	571	19	.	.	PUNCT
cblr-1730	572	1	yet	yet	ADV
cblr-1730	572	2	,	,	PUNCT
cblr-1730	572	3	three	three	NUM
cblr-1730	572	4	different	different	ADJ
cblr-1730	572	5	legal	legal	ADJ
cblr-1730	572	6	standards	standard	NOUN
cblr-1730	572	7	currently	currently	ADV
cblr-1730	572	8	exist	exist	VERB
cblr-1730	572	9	,	,	PUNCT
cblr-1730	572	10	which	which	PRON
cblr-1730	572	11	have	have	AUX
cblr-1730	572	12	led	lead	VERB
cblr-1730	572	13	to	to	ADP
cblr-1730	572	14	widespread	widespread	ADJ
cblr-1730	572	15	consumer	consumer	NOUN
cblr-1730	572	16	confusion	confusion	NOUN
cblr-1730	572	17	regarding	regard	VERB
cblr-1730	572	18	what	what	PRON
cblr-1730	572	19	services	service	NOUN
cblr-1730	572	20	are	be	AUX
cblr-1730	572	21	provided	provide	VERB
cblr-1730	572	22	by	by	ADP
cblr-1730	572	23	,	,	PUNCT
cblr-1730	572	24	and	and	CCONJ
cblr-1730	572	25	what	what	DET
cblr-1730	572	26	legal	legal	ADJ
cblr-1730	572	27	protections	protection	NOUN
cblr-1730	572	28	are	be	AUX
cblr-1730	572	29	applicable	applicable	ADJ
cblr-1730	572	30	to	to	ADP
cblr-1730	572	31	,	,	PUNCT
cblr-1730	572	32	a	a	DET
cblr-1730	572	33	financial	financial	ADJ
cblr-1730	572	34	adviser	adviser	NOUN
cblr-1730	572	35	,	,	PUNCT
cblr-1730	572	36	thus	thus	ADV
cblr-1730	572	37	making	make	VERB
cblr-1730	572	38	it	it	PRON
cblr-1730	572	39	difficult	difficult	ADJ
cblr-1730	572	40	for	for	SCONJ
cblr-1730	572	41	consumers	consumer	NOUN
cblr-1730	572	42	to	to	PART
cblr-1730	572	43	determine	determine	VERB
cblr-1730	572	44	which	which	DET
cblr-1730	572	45	financial	financial	ADJ
cblr-1730	572	46	adviser	adviser	NOUN
cblr-1730	572	47	is	be	AUX
cblr-1730	572	48	best	well	ADV
cblr-1730	572	49	-	-	PUNCT
cblr-1730	572	50	suited	suited	ADJ
cblr-1730	572	51	for	for	ADP
cblr-1730	572	52	their	their	PRON
cblr-1730	572	53	needs	need	NOUN
cblr-1730	572	54	.	.	PUNCT
cblr-1730	573	1	the	the	DET
cblr-1730	573	2	fact	fact	NOUN
cblr-1730	573	3	that	that	SCONJ
cblr-1730	573	4	the	the	DET
cblr-1730	573	5	regulation	regulation	NOUN
cblr-1730	573	6	of	of	ADP
cblr-1730	573	7	financial	financial	ADJ
cblr-1730	573	8	advisers	adviser	NOUN
cblr-1730	573	9	implicates	implicate	VERB
cblr-1730	573	10	competing	compete	VERB
cblr-1730	573	11	concerns	concern	NOUN
cblr-1730	573	12	that	that	PRON
cblr-1730	573	13	require	require	VERB
cblr-1730	573	14	making	make	VERB
cblr-1730	573	15	tradeoffs	tradeoff	NOUN
cblr-1730	573	16	does	do	AUX
cblr-1730	573	17	not	not	PART
cblr-1730	573	18	mean	mean	VERB
cblr-1730	573	19	that	that	SCONJ
cblr-1730	573	20	the	the	DET
cblr-1730	573	21	law	law	NOUN
cblr-1730	573	22	governing	govern	VERB
cblr-1730	573	23	financial	financial	ADJ
cblr-1730	573	24	advisers	adviser	NOUN
cblr-1730	573	25	should	should	AUX
cblr-1730	573	26	remain	remain	VERB
cblr-1730	573	27	in	in	ADP
cblr-1730	573	28	its	its	PRON
cblr-1730	573	29	current	current	ADJ
cblr-1730	573	30	1930s	1930	NOUN
cblr-1730	573	31	and	and	CCONJ
cblr-1730	573	32	1940s	1940	NOUN
cblr-1730	573	33	form	form	NOUN
cblr-1730	573	34	.	.	PUNCT
cblr-1730	574	1	after	after	ADP
cblr-1730	574	2	examining	examine	VERB
cblr-1730	574	3	the	the	DET
cblr-1730	574	4	current	current	ADJ
cblr-1730	574	5	system	system	NOUN
cblr-1730	574	6	and	and	CCONJ
cblr-1730	574	7	several	several	ADJ
cblr-1730	574	8	proposed	propose	VERB
cblr-1730	574	9	solutions	solution	NOUN
cblr-1730	574	10	,	,	PUNCT
cblr-1730	574	11	this	this	DET
cblr-1730	574	12	note	note	NOUN
cblr-1730	574	13	concludes	conclude	VERB
cblr-1730	574	14	that	that	SCONJ
cblr-1730	574	15	a	a	DET
cblr-1730	574	16	unified	unified	ADJ
cblr-1730	574	17	fiduciary	fiduciary	ADJ
cblr-1730	574	18	standard	standard	NOUN
cblr-1730	574	19	across	across	ADP
cblr-1730	574	20	all	all	DET
cblr-1730	574	21	financial	financial	ADJ
cblr-1730	574	22	advisers	adviser	NOUN
cblr-1730	574	23	,	,	PUNCT
cblr-1730	574	24	with	with	ADP
cblr-1730	574	25	varying	vary	VERB
cblr-1730	574	26	additional	additional	ADJ
cblr-1730	574	27	rights	right	NOUN
cblr-1730	574	28	depending	depend	VERB
cblr-1730	574	29	on	on	ADP
cblr-1730	574	30	the	the	DET
cblr-1730	574	31	service	service	NOUN
cblr-1730	574	32	selected	select	VERB
cblr-1730	574	33	by	by	ADP
cblr-1730	574	34	the	the	DET
cblr-1730	574	35	investor	investor	NOUN
cblr-1730	574	36	,	,	PUNCT
cblr-1730	574	37	provides	provide	VERB
cblr-1730	574	38	the	the	DET
cblr-1730	574	39	optimal	optimal	ADJ
cblr-1730	574	40	balance	balance	NOUN
cblr-1730	574	41	between	between	ADP
cblr-1730	574	42	protecting	protect	VERB
cblr-1730	574	43	consumers	consumer	NOUN
cblr-1730	574	44	—	—	PUNCT
cblr-1730	574	45	namely	namely	ADV
cblr-1730	574	46	,	,	PUNCT
cblr-1730	574	47	reducing	reduce	VERB
cblr-1730	574	48	consumer	consumer	NOUN
cblr-1730	574	49	confusion	confusion	NOUN
cblr-1730	574	50	and	and	CCONJ
cblr-1730	574	51	potential	potential	ADJ
cblr-1730	574	52	consumer	consumer	NOUN
cblr-1730	574	53	harm	harm	NOUN
cblr-1730	574	54	—	—	PUNCT
cblr-1730	574	55	and	and	CCONJ
cblr-1730	574	56	the	the	DET
cblr-1730	574	57	concerns	concern	NOUN
cblr-1730	574	58	of	of	ADP
cblr-1730	574	59	investors	investor	NOUN
cblr-1730	574	60	to	to	PART
cblr-1730	574	61	efficiently	efficiently	ADV
cblr-1730	574	62	be	be	AUX
cblr-1730	574	63	able	able	ADJ
cblr-1730	574	64	to	to	PART
cblr-1730	574	65	select	select	VERB
cblr-1730	574	66	their	their	PRON
cblr-1730	574	67	desired	desire	VERB
cblr-1730	574	68	form	form	NOUN
cblr-1730	574	69	of	of	ADP
cblr-1730	574	70	investment	investment	NOUN
cblr-1730	574	71	services	service	NOUN
cblr-1730	574	72	without	without	ADP
cblr-1730	574	73	increasing	increase	VERB
cblr-1730	574	74	costs	cost	NOUN
cblr-1730	574	75	to	to	ADP
cblr-1730	574	76	either	either	CCONJ
cblr-1730	574	77	financial	financial	ADJ
cblr-1730	574	78	advisers	adviser	NOUN
cblr-1730	574	79	or	or	CCONJ
cblr-1730	574	80	investors	investor	NOUN
cblr-1730	574	81	.	.	PUNCT