Top 10 hottest trends in the IBD industry
Sometime this spring, the Labor Department will release a final rule that would raise investment advice standards for retirement accounts.
The controversial measure has generated fierce debate. The Obama administration asserts it would protect workers and retirees from conflicted advice that erodes their retirement savings. The financial industry counters that it will make giving and receiving advice much more expensive.
It's unlikely that the DOL will win over its critics. But there's a good chance the rule will become effective before President Obama leaves office.