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The DOL Fiduciary Rule - Another Example of Government Overreach or A Win for Consumers?
You may or may not have heard about the Department of Labor's "Fiduciary Rule" which recently took effect on June 9, 2017. I am a limited government type guy and am always wary about government intervention into the private sector. I came across this article which does an outstanding job of breaking down this new regulation and explaining why, as usual, government intervention has translated into a well intentioned folly: http://www.nationalreview.com/article/449176/financial-advice-industry-department-labor-fiduciary-rule-government-intervention-regulation-folly.