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Obama Attacks Advisors Selling Snake Oil, Lauds New DOL Fiduciary Rule

Obama Attacks Advisors Selling Snake Oil, Lauds New DOL Fiduciary Rule
Outlet: 
Forbes
Date Published: 
Tuesday, February 24, 2015

Take two. President Barack Obama today called on the Department of Labor to move forward with a proposed rulemaking to require retirement advisers to put their clients’ best interest before their own profits. It’s a rewrite of the dropped 2010 rewrite of the 40-year-old fiduciary rule. (The 2010 rewrite was withdrawn in 2011 amidst industry furor.)

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