Fiduciary Rule?

Terry Says

The Fiduciary Rule was designed to force all kinds of financial salespeople to fully disclose their fees and hidden charges -- and to swear that they will put their clients' interests ahead of their own. The Labor Deparment (which is responsible for oversight of retirement plans, including 40l(k) and IRAs, etc) first promulgated this rule that was to go into effect 10 months ago.  (The SEC did NOT want to pass this type of ruling as the costs and disclosures required would really hit the brokerage and insurance industry hard!)   When the new administration came in a year ago, they decided to "postpone" the Fiduciary rule.  As of this date, it hangs in limbo. BUT -- that doesn't mean you can't demand that any financial person sign a "fiduciary" statement -- promising to fully disclose all fees and costs, and putting your interests first.  go to www.CampaignforInvestors.org to learn more about the concept of a fiduciary -- and to check the regulatory history of any financial salesperson or advi