We could compile volumes of real-life horror stories about the abuse inflicted by financial ‘advisors’ following self-serving “suitability” standards…there is no reasonable argument for allowing this to continue. And yet so far, it is.
A new regulatory proposal that would require brokers to act in clients’ best interest would save many investors money, says Mitch Tuchman, managing director of Rebalance IRA, an online advisory service. Here is a direct video link.
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