As Brokers Cheer, Advisers Sound Off on DOL 401k Fiduciary Capitulation

As Brokers Cheer, Advisers Sound Off on DOL 401k Fiduciary Capitulation

09/22/11

Chances are, very few 401k plan sponsors and precious few 401k plan participants even noticed the recent goings-on at the DOL and how they just lost valuable protection so big brokers could line their pin-striped pockets with a big chunk of somebody else’s retirement assets.

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