The government sting, the fiduciary misdirection, and the fee hook.
Ron also says to “sunset” BICE, eliminate all conflicts-of-interest, and don’t trust FINRA.
While everyone’s talking about the potential impact the DOL’s proposed new Fiduciary Rule will have on IRAs and the brokerage industry, the greater impact may be on recordkeepers within the 401k industry.
A spreading menace, investors don’t know fiduciary, and have index funds jumped the shark?
When it comes to being a fiduciary, the customer is, most assuredly, not always right.