Proposed Fiduciary Regulation Gets One Step Closer to Becoming Law

April 14, 2015 8:14 PM

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Proposed Fiduciary Regulation Gets One Step Closer to Becoming Law

In a move aimed at improving consumer protection for investors, the U.S. Labor Department today proposed a rule that would reduce conflicts of interest for brokers who advise on retirement accounts.

The proposed rule would require brokers to act solely in their clients’ best interests when giving advice or selling products related to retirement plans, including 401(k)s or IRAs.

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