New Rules for Financial Advisers Put Customers First

April 6, 2016 10:00 AM

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New Rules for Financial Advisers Put Customers First

“It has the potential to really change the way advice is delivered to retail investors,” said Barbara Roper, director of investor protection at the Consumer Federation of America. “It is a really big deal. Revolutionary, even.”

The so-called conflict of interest rule covers only tax-advantaged retirement accounts and does not apply to most other investments. But it could lead to more sweeping changes across the financial services industry, making it harder for some smaller firms to do business and perhaps encouraging a fur...

Also read: Tiger Management-backed hedge fund firm Tyrian Investments to close -source

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