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Joined 2 years ago
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Cake day: July 16th, 2023

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  • Of course the GOP does not want a rule that will try to prevent their constituents from being financially raped.

    The Labor Department said the rule will require “trusted investment advice providers to give prudent, loyal, honest advice free from overcharges.”

    Under the new rule, these fiduciaries need to avoid giving recommendations “that favor the investment advice providers’ interests — financial or otherwise — at the retirement savers’ expense,” according to the department.