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New rules for financial advisers protect Wall Street — not you

Mitch Tuchman
New rules for financial advisers protect Wall Street — not you

A few years back, the Labor Department tried hard to create what’s called a fiduciary standard for retirement financial advisers. The Labor Department was perfectly suited to the job. After all, this is the agency that enforces the Employee Retirement Income Security Act of 1974, known as ERISA, along with the U.S. Treasury and the Pension Benefit Guaranty Corporation.