There’s a powerful agenda behind the opposition to the rule proposed by the U.S. Department of Labor (DOL) requiring that advisors to retirement plans be fiduciaries: The securities industry wants to preserve its ability to give conflicted advice.
There’s a lot at stake.
Fiduciaries are required to put the interests of their clients first. All conflicts must be resolved in the client’s favor.
Read the rest of the article at The Huffington Post.