New Rule on Investment Advice Leaves Working People Vulnerable

Workers depend on investments in the financial markets to finance our retirements and grow our other long-term savings. That means we need sound investment advice, provided by experts who are looking out for our best interests. While it seems obvious that the people whom we rely on to provide this advice should be required to act in our best interest and not line their own pockets, that is not always the case under current rules. Research shows that, as a result, many working people lose more than one-fourth of their potential retirement paychecks to corrupt financial advice.