In the coming months, the Department of Labor is likely to address rules proposed by Obama that seek to clamp down on brokers.
Estimated reading time: 0 minutes, 19 seconds
President Obama Proposes Retirement Broker Rules
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.
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