March 14, 2016

Here’s Why a New Regulation Could Mean Trouble

From: TheBlaze

Here’s Why a New Obama Regulation Could Mean Trouble for Dave Ramsey and Suze Orman


The rule is currently under review by the White House Office of Management and Budget and could take effect as early as next month. President Barack Obama first proposed the rule in April 2015.


However, the proposed rule doesn’t just require disclosure of third-party payers but also expands the definition of a fiduciary, while also getting involved in an area previously reserved for the Securities and Exchange Commission.

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