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    • Biden 401(k) Fiduciary Rule Angers Precursor’s Wall Street Foes

    November 6, 2023 by Austin Ramsey

    Shortly after the Obama administration finalized its “fiduciary rule” in 2016, Brad Campbell got a message from his bank.

    The financial firm said it could no longer offer investment advice on one of his small-balance, commission-based IRAs. Under the US Labor Department’s new regulation, Campbell was told, small-fish investors like him weren’t worth the risk anymore.

    Click HERE to read the full story via Bloomberg Law

    Originally Posted at Bloomberg Law on November 2, 2023 by Austin Ramsey.

    Categories: Industry Articles
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