Robert Schmidt and Margaret Collins
Bloomberg - U.S. brokers managing retirement accounts must adhere to tough new standards under an Obama administration rule released Wednesday that aims to protect millions of savers from conflicted investment advice. The Labor Department regulation, which gave the industry some concessions from an earlier proposal, puts a capstone on President Barack Obama's efforts to rein in Wall Street and level the playing field for investors who hold some $12 trillion in Individual Retirement Accounts and 401(k)
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