The Department of Labor should go back to the drawing board on its fiduciary proposal before any further damage is done.
Meanwhile, issuers seeking to raise capital honestly would be sucked into a regulatory muck.
Extending a fiduciary rule to brokers could actually weaken the fiduciary standard for advisors.
Plus, Fidelity launches distinctive muni funds, PIMCO cuts fees, and more.
A look at the upsides and downsides for individual investors, advisors, and planners as reform measures wend through Washington.