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Statement in Response to Report by the Senate Permanent Subcommittee on Investigations

While we disagree with much of the report, we take seriously the issues explored by the Subcommittee. We recently issued the results of a comprehensive examination of our business standards and practices and committed to making significant changes that will strengthen relationships with clients, improve transparency and disclosure and enhance standards for the review, approval and suitability of complex instruments. An executive summary of those efforts can be found by clicking on this link:

Business Standards Committee Report Executive Summary