“and take steps to delay a Labor Department rule due to take effect in April that would require brokers who give retirement advice to put their clients’ best interests first.”
that potentially COULD be a good rule as the criminals who trick the elderly into buying proprietary variable annuities where they promise 8% annualized returns, but in reality take 20% off the top as their “commission” are absolute bottom-feeder scum of the earth.
In most cases these types of requirements work very well.
...And pay for them with tax deferred money...