March 16, 2015
White House Proposes New Rules to Protect Investors Saving for Retirement
Americans may lose as much as $17 billion every year because of bad financial advice from advisors with conflicts of interest, according to a report by the President’s Council of Economic Advisors. President Obama has proposed new rules to change this and require financial advisors to act in the best interests of their clients. The move is designed to increase the amount investors receive in retirement.