Victory for Retirement Savers!
U.S. Dept. of Labor forces brokers to disclose hidden fees
In a historic pro-consumer move, the U.S. Dept. of Labor today approved a landmark federal rule requiring those who advise retirement investors to disclose hidden fees and act in the best interests of their clients. This measure is expected to save hard-working Americans billions of dollars while driving much needed reforms of the stock brokerage, mutual fund and insurance industries.