Investment

Your Financial Advisor is Ripping You Off

Your Financial Advisor is Ripping You Off

Yesterday, the New York Times published a story (NYT has a paywall, get past it by googling the title of the story – “More Protection For a Nest Egg Has Some Brokers Upset” – and clicking the link from Google) about the financial services industry’s response to a proposal by the Department of Labor. The proposed rule would require that all financial advisors place their customer’s interests ahead of their own when providing investment advice.

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