How stricter rules for brokers will affect retirement savers

WASHINGTON (AP) — High fees. Conflicts of interest. Inappropriate investments.
The Obama administration is going after a host of perceived rip-offs with the new rules it’s unveiling Wednesday for brokers who recommend investments for retirement savers.
No longer will brokers who sell stocks, bonds, annuities and other products be required just to recommend investments that are “suitable” for a client. They’ll now have to meet a stricter standard that has long applie