[ctdonath2]

“Trump also will halt another of former President Barack Obama’s regulations, hated by the financial industry, that requires advisers on retirement accounts to work in the best interests of their clients.”

I detect...bias...in the reporting.

[Lions Gate]

There is definitely bias in that reporting. Just like the news commissars saying that Merrick Garland would be a centrist pick for the US Supreme Court when we all know he is a leftist in the mold of Ginsburg & Kagan.

[taildragger]

By the Fiduciary Rule they were essentially forcing Brokers and Advisers from their Commission Based, or Fee Based Model to one of a "Fee Only" adviser model IMHO. That is great if they wanted to convert and go Fee Only on their own, but to Kass Sunstein nudge them? That is not right, just like your old Policy went away with Obamacare.

Tangent to this is the lack of Financial Education at the High-School and College level in this Country. Don't even get me started on that one...

[semimojo]

...requires advisers on retirement accounts to work in the best interests of their clients.”

I detect...bias...in the reporting.

That's actually a pretty neutral way to describe the fiduciary rule. The effect is as noted in taildragger's post.

It keeps the burden on the investor to figure out what the advisor's real motivation is.