Comment on Obama is backing plans to raise standard of brokers – but consumers could be key

Obama is backing plans to raise standard of brokers – but consumers could be key

The president wants financial advisers to meet ‘the fiduciary standard’ – put customers’ interests first – but a bottom-up approach could be just as effectiveA billion dollars a month. That’s the approximate cost of America’s failure to forge ahead with one of the reforms that would have the most immediate and direct impact on the financial wellbeing of the average family.

 

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