Unfortunately, because of loopholes in rules specifying who is a 'fiduciary' under ERISA, many of the financial professionals whom retirement savers rely on for advice are legally allowed to put their own financial interests ahead of the interests of their customers.
Lamar Alexander: “Unfortunately, because of loopholes in rules specifying who is a 'fiduciary' under ERISA, many of the financial…”
Editor's note · Context
Highlighting issues with fiduciary rules affecting retirement savers.
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