Study Says Investors Could Lose Big If Trump Administration Deep-sixes ‘fiduciary Rule’
Study says investors could lose big if Trump administration deep-sixes ‘fiduciary rule’
WASHINGTON • Missouri investors could lose $337 million annually if President Donald Trump’s administration rolls back the “fiduciary rule,” a regulation put in place by the president’s predecessor and set to begin going into effect next week, according to a new study.
The liberal think tank Economic Policy Institute says it has looked at savers who have money in investments that receive “conflicted advice.” The study concluded that U.S. savers annually lose $17 billion to high fees, high trading costs, bad risk decisions, and other factors, based on advice from advisers who may not be putting savers’ interests first. Illinois …