Archive for March 2nd, 2016

Fiduciary Rule Will Force Brokers Out

Wednesday, March 2nd, 2016


Unemployed Broker

“I’m afraid by imposing that DOL ERISA fiduciary duty [on brokers] that you will have people exit that business,” Champ said. “Brokers will say that ‘I can’t deal with this.’” The rule will “drive advice out of that space,” he said.