Don't Let Financial Advisers Off the Hook

A proposal to impose a fiduciary standard has been studied enough.

Where good regulations go to die.

Photographer: Alex Wong/Getty Images

Ronald Reagan used to say that the surest way to live forever was to become a federal program. If that’s right, the surest way to die is to be studied by Congress. In Washington, becoming the subject of legislative scrutiny virtually guarantees inaction, the disappearance of funding and political support, and ultimate demise.

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