SAN ANTONIO, Texas – Bruce Ashton thinks he has a pretty good idea why any retirement plan advisors might have failed to show up Wednesday for his presentation on the Department of Labor's investigations of RIAs and broker-dealers.
"They've either already gone through an investigation or they're in la-la land," Ashton said.
It was meant as a joke, of course, but the comment didn't evoke much laughter, a reflection no doubt of the growing concern among advisors, brokers and plan sponsors that the DOL has, as Ashton put it, "careened out of control, in some respects."
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