Advisers prepare for another fight over fiduciary rule

11/8/2011 | InvestmentNews (free registration) · AdvisorOne

House Democrats and a financial adviser trade group urged the Labor Department to define fiduciary responsibilities narrowly enough to allow IRA investors to get affordable advice. IRA advice now is not subject to strict fiduciary responsibility rules as is brokerage advice for other products, but Assistant Labor Secretary Phyllis Borzi has indicated the reproposed fiduciary rule will include IRAs.

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InvestmentNews (free registration) · AdvisorOne

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