Updated Monday, December 22, 2014 as of 9:53 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.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

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
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here