{"id":1591,"date":"2015-02-06T17:58:48","date_gmt":"2015-02-06T17:58:48","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/02\/us_department_of_labors_fiduci_1"},"modified":"2022-03-11T13:41:11","modified_gmt":"2022-03-11T19:41:11","slug":"us-department-of-labors-fiduci-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/us-department-of-labors-fiduci-1\/","title":{"rendered":"U.S. Department of Labor\u2019s Fiduciary Rule for Retirement Advisers Hits Another Snag"},"content":{"rendered":"

\t\t\t\tJust as the Department of Labor appeared poised to push out its proposal to impose a fiduciary standard on retirement advisers, financial industry members have once more stepped forward to try to implement certain changes. <\/p>\n

Last month, financial industry trade groups met with White House aide Valerie Jarrett to express their worries. The groups are concerned that certain restrictions will limit how much compensation brokers that sell investments for IRAs would be able to get for their services. They believe that this will stop representatives from dealing with investors who have middle-range incomes. <\/p>\n

Meantime, the DOL contends that the proposed rules are needed to protect retirees and workers from getting advice that may be tainted by conflicts of interest. For example, a broker might be tempted to sell a retirement investment product that comes with a high-fee, which could hurt a client’s savings. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Just as the Department of Labor appeared poised to push out its proposal to impose a fiduciary standard on retirement advisers, financial industry members have once more stepped forward to try to implement certain changes. Last month, financial industry trade groups met with White House aide Valerie Jarrett to express their worries. The groups are […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740,3803],"tags":[],"class_list":["post-1591","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","category-senior-investors"],"yoast_head":"\nU.S. Department of Labor\u2019s Fiduciary Rule for Retirement Advisers Hits Another Snag — Investor Lawyers Blog — February 6, 2015<\/title>\n<meta name=\"description\" content=\"Just as the Department of Labor appeared poised to push out its proposal to impose a fiduciary standard on retirement advisers, financial industry members — February 6, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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