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New Obama rule goes after shady financial advisers

April 7, 2016

Via: CNN

Work hard. Save a lot. Retire in peace. That’s the goal.

People get derailed on their way to a happy retirement for many reasons, but the Obama administration says costly — or outright bad — financial advice shouldn’t be what holds you back.

A new rule unveiled today by the Obama administration requires retirement advisers to always act in the best interest of their client.

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