(Bloomberg) — The finance industry scored a victory on Friday when President Donald Trump suspended an Obama administration rule that would have required investment advisers to put the interest of retirement savers ahead of their own.
The winning argument: The so-called fiduciary rule would force many advisers out of business, leading to a shortage.
California's experience suggests otherwise.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
