A new hope, the market strikes back, and the returns of fees.
The DOL’s Assistant Secretary reveals how she and her staffed learned from initial attempts and why it led to a much stronger Conflict-of-Interest Rule.
A signpost of hope, the other (Fiduciary) shoe, and an emperor unclothed.
Shotgun compliance, fiduciary naivete, and free markets trump high fees.
“The SEC systematically failed to enforce for the past two decades, and now the DOL has by necessity forced the issue.”