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Tougher Rules for Retirement Brokers

2015-03-04 08:06:36| Air Courier - Topix.net

President Barack Obama has thrown the weight of the White House behind his plan that would make it difficult for brokers to push higher fee mutual funds or other expensive products on people saving for retirement. The plan to be issued by the Labor Department would require brokers to act in a customer's best interest, a change that could limit the earnings of financial advisers in the handling of Americans' $11 trillion of retirement savings.

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