July 19, 2018
This is the ultimate in not-rocket-science.
The discarded DOL regulation would have forced financial advisers to put clients first. Clients believe they are paying for unbiased advice, and that is what they deserve. American savers deserve to be put first.
If the DOL wasn't the "correct" body to achieve this, the SEC should step up to the plate and institute this rule.
It will not only save Americans their personal retirement income, but it will save American taxpayers in general by not having to support seniors whose savings have been depleted due to undisclosed high fees.