The Securities Industry and Financial Markets Association (SIFMA), the self-described “voice of the U.S. securities industry, representing the broker-dealers, banks, and asset managers,” has commissioned and published yet another study attempting to derail the Department of Labor’s (DOL’s) efforts to strengthen protections for retirement savers by requiring all financial advisers to put their customers’ interests first. This “white paper,” developed by Morgan Lewis, picks up where the last study left off, trying unsuccessfully to discredit the White House Council of Economic Advisers’ (CEA) Report, “The Effects of Conflicted Investment Advice on Retirement Savings.”