Obama seeks new rules for brokers handling retirement accounts

By Jeff Mason and Sarah N. Lynch WASHINGTON (Reuters) - Wall Street brokers and financial advisers could face new restrictions under a proposal put forth by President Barack Obama on Monday that the White House said could save Americans with retirement accounts billions of dollars each year. The new rules would seek to reduce conflicts of interest to protect Americans from being steered into costly retirement investments that can come with steep fees. The White House's announcement is part