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Fiduciary Rule

Fiduciary Rule: The Real Agenda

Dan Solin | Posted 07.07.2015 | Business
Dan Solin

There's a powerful agenda behind the opposition to the rule proposed by the U.S. Department of Labor (DOL) requiring that advisors to retirement plans be fiduciaries: The securities industry wants to preserve its ability to give conflicted advice. There's a lot at stake.

Changing the Behavior of the 99 Percent

Barbara Roper | Posted 06.18.2015 | Business
Barbara Roper

DOL thinks it isn't enough to give lip service to a best interest standard. You also have to change the common industry practices that work against that goal. And that, of course, is why industry finds the DOL rule so threatening.

The Broker Shell Game on the Fiduciary Issue

Dan Solin | Posted 06.14.2015 | Money
Dan Solin

Don't do business with brokers who will not confirm in writing that they are fiduciaries to you. In my experience, brokers will not make this representation and instead will try to persuade you that the "fiduciary issue" is a red herring. Don't be fooled. It's a really big deal.

A New Financial Rule and a Lone Official Win Allies Against Wall Street

Richard (RJ) Eskow | Posted 04.26.2015 | Politics
Richard (RJ) Eskow

A lone bureaucrat has been fighting the financial industry for years, on a issue which stands at the intersection of two national challenges: investment regulation and retirement security. Along the way she's collected some new and interesting allies. Is that a sign of things to come?

Letter Touted By Progressives Secretly Written By Lobbyist

Mother Jones | Erika Eichelberger | Posted 08.13.2013 | Politics

A letter that a group of progressive Democrats sent to federal regulators opposing new protections for millions of Americans' retirement accounts was ...

Marcus Baram

Proposal To Protect Retirees' Nest Eggs Becomes Latest Lobbying Flashpoint | Marcus Baram | Posted 08.14.2011 | Business

NEW YORK -- Just before retiring from her job as a manager at Krispy Kreme in 2006, Jerri Young got a letter at her home in West Des Moines, Iowa, tel...