Financial Industry Opposes Obama's Attempt to Expand Fiduciary Rule

by Gwen Moritz  on Monday, Sep. 28, 2015 12:00 am   5 min read

The financial industry is pushing back — hard, and with political support — against a second attempt by the Obama administration to impose a standardized fiduciary rule on all givers of retirement advice, particularly those now held to a lower standard of merely not recommending investments that are clearly unsuitable.

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