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By Burt Williamson The Department of Labor rule that Jim Wisdom addressed in the July 8-14, 2016 issue of the Pacific Coast Business Times is an attempt by the government to weed out unscrupulous sales people who are only looking to make a commission without concern to the long-term impact on the consumer. That would Read More →
By Jim Wisdom Privately-held employers are already held personally liable for not meeting their fiduciary responsibilities regarding their company-sponsored 401(k) retirement plans. On April 1, 2017, this fiduciary responsibility will also be applied to financial advisers of 401(k)s and IRAs with the Department of Labor’s new fiduciary rule. This new rule will require financial advisers Read More →