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Financial Industry Groups Fear Trump Will Block Investor Protection Rule

NPR's All Things Considered
Date Published: 
Thursday, February 2, 2017

Some watchdog groups that keep an eye on the financial industry are worried about the fate of a new Labor Department rule that's supposed to take effect this April. It says financial advisers have to act in their customers' best interest when giving them advice about their 401k retirement accounts. Under the Trump administration, that rule may be in jeopardy. NPR's Chris Arnold has more.