In the coming months, the Department of Labor is likely to address rules proposed by Obama that seek to clamp down on brokers.
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Hidden fees, excessively costly funds, and brokers’ conflicts of interest are draining $17 billion a year from retirement investors wealth and should be abolished through the adoption of new regulations, says President Obama. So reports Reuters.
In the coming months, the Department of Labor is likely to address rules proposed by Obama that seek to clamp down on brokers.