The president plans to direct the Department of Labor to move ahead with a proposal that would raise investment-advice standards for brokers handling retirement accounts, arguing that conflicted advice is costing Americans billions.
The White House and Department of Labor announced a push for fiduciary standards, the president gave adviser Sheryl Garrett a shout out and advisers responded to Morgan Stanley's leaked take on the Hunger Games.
UPDATE: At last, Obama stands up to the big banks
Some agree with concept but argue that short treatment lumps everyone together and lacks nuance.
Jobless claims surge 31,000 to 313,000
U.S. Stock Prices Slightly Lower
UPDATE: Is an IRA 'bonus' worth the trouble of moving your savings?
U.S. jobless claims jump 31,000 to 313,000
Consumer prices tumble 0.7% in January; real wages surge
U.S. Consumer Price Index Down 0.7% in January -- Update