Monday, September 21, 2009

 

Obama Administration to Block Conflicts of Interest in 401(k) Advice

The Department of Labor is killing a regulation issued in the last days of the Bush administration allowing advisers affiliated with mutual funds, brokerage firms and other companies that sell investments to provide investment advice to 401(k) participants, Investment News reported.

Obama Administration to Block Conflicts of Interest in 401(k) Advice
Source: Retirement Income Journal

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