#Resistance
Whatever the trumped up reason they put forth, taking away this protection from brokers and advisors who wrongly, fraudulently recommend their own products or services to clients –regardless if it’s the best for the client, or their financial needs or situation.
“Trump’s directive puts consumer protections that were on the way for traditional and Roth IRAs, 401(k)s and some health savings accounts into question.
“At minimum, this means consumers must do their own due diligence before hiring financial advisors and brokers. That includes researching an advisor or brokerage firm before hiring them and choosing one that already acts as a fiduciary.”
Source: What Trump’s action on financial advisor rule means for retirement savers – CSMonitor.com
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