Government Proposes Rules for Brokers on Retirement Accounts

April 14, 2015 8:46 PM

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Brokers who manage Americans' retirement accounts may soon be required to put investors' interests first under new restrictions proposed by the U.S. government.

The Labor Department on Tuesday opened the rules to public comment for 75 days. The Obama administration has put its weight behind the move. Against a backdrop of intense opposition from the financial industry on an earlier proposal, administration officials took pains to reassure the industry that ...

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