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Regulation

This Needs Saying. Helping Retirement Savers Isn't Like Slavery.

Look past the poorly chosen words of one financier when considering the Labor Department's new fiduciary rule.

This past weekend, while waiting in a bank, I happened to overhear a broker from one of the country’s largest firms try to explain to his client why the U.S. Department of Labor’s new fiduciary rule was so terrible. It was an unpersuasive exercise in self-interest and the client was having none of it. “Why can’t you put my best interests first?,” he asked.

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