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Finally, a rule will make brokers give you honest investment advice
Finally, a rule will make brokers give you honest investment advice

The idea that investment advisors owe a higher duty to their clients than to their own pocketbooks is an old one, often detested by Wall Street. So the announcement Monday from the White House that it will impose such a standard on advisors in the individual retirement account and 401(k) business may be a big step forward. We say "may be," because the actual details of the Obama administration's rule are still nebulous. The details, to be promulgated by the Department of Labor, won't be known for weeks, even months. So there are still questions about what exactly the rules on advisors will say and how they'll be enforced. What...

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