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What proposed rule changes for retirement advice would mean
What proposed rule changes for retirement advice would mean

The Obama administration is proposing tougher regulations on investment brokers that officials said would curb hidden fees and conflicts of interest that cut into Americans' retirement savings. The proposed rule changes — the subject of intense behind-the-scenes fights between financial services firms and reform groups — are broadly expected to force investment professionals to put clients' interests ahead of their own in giving advice on a variety of transactions involving retirement accounts. Here's a quick question-and-answer on what it's all about: Isn't the rule now to put clients' interests first? Under the current standards, investment...

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