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The federal government says this regulation will help protect you from investment advisors with ulterior motives. Drazen Zigic / Shutterstock.com
The U.S. Department of Labor has finalized a rule it says will protect the financial interests of millions of Americans saving for retirement. The Retirement Security Rule updates the definition of an investment advice fiduciary under federal law. To be considered a fiduciary, those who provide investment advice now must do so while avoiding recommendations that are in the advisor’s interest…
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