UPDATE: Lobbyist Hired to Help Administration Delay/Kill Rule That Protects From Bad Financial Advice
A new rule that requires financial advisers and brokers act in their customers' best interest when offering them investment advice for their workplace retirement accounts is set to go into effect this April. Over the past two weeks, the Trump administration has taken steps to delay or end the rule designed to save American workers billions of dollars they currently pay in excessive fees in their retirement accounts.