23-05-2017 15:50 via feedproxy.google.com

A consumer-protection rule that had been delayed by Trump is set to go through

The US Labor Department will implement its fiduciary rule on June 9 with no further delays, marking a short-term win for consumer-protection advocates.
The department's rule, which requires brokers offering retirement investment advice to act in the best interest of their customers, has been heavily criticized by Republicans and Wall Street amid concerns it may make investment advice too costly.
Consumer-protection groups have long advocated the rule, however. Conflicted financial advice costs r
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