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WSJ: Obama Targets Financial Advisors


Wall Street Journal Opinion (8\16\2015)- Labor’s new fiduciary rule will limit advice for middle-class savers. The Obama Administration may have only 17 months to go, but that’s still enough time to do plenty of economic damage. Witness Labor Secretary Tom Perez, who is rushing through a new regulation for financial advisers that isn’t needed, that he lacks clear legal authority to impose, and that will hurt the very people it is supposed to help. Other than that, it’s a splendid idea. Full article