Rules and regulations that go beyond this basic principal of limited government go too far, but a disclosure requirement would be more closely aligned with good principles of limited government.
Obama Administration Wants to Regulate the Advice We Get From Retirement Planners
By Heritage Foundation Norbert Michael——Bio and Archives--April 1, 2015
Now, it appears the Obama administration wants to control the advice we can get from retirement planners.
The administration announced it is moving ahead with a new Department of Labor rule designed to provide uniform fiduciary rules for anyone providing retirement investment advice.
In general, a fiduciary standard requires financial advisers to put their individual client’s interests above their own. Although, this idea seems simple, there is a real danger to imposing a one-size-fits-all approach on an extremely diverse set of financial advisers.
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