Updated Monday, January 26, 2015 as of 11:27 AM ET

Will Fiduciary Rule Lead to Billions in Retirement Cash-Outs?

WASHINGTON – If the Department of Labor moves ahead with its proposal to impose a fiduciary responsibility on financial professionals offering retirement advice, waves of broker-dealers and company call centers would exit that market and further jeopardize the already precarious retirement situation for millions of workers, a new study has found.

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Comments (1)
If this article and or the study were introduced into evidence, the court would rule it inadmissible as purely speculative. The "additional costs" ruse and the other disingenuous arguments put forth by the anti-universal fiduciary standard just proves what Aesop said - "A tyrant will always find a pretext for his tyranny."
Posted by James W | Friday, April 18 2014 at 11:21AM ET
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