4.29.2016

Whew! Close call! House reverses requirement that investment advisors be honest

The House Just Voted To Give Wall Street Billions From Americans' Retirement Savings

"The House voted 234 to 188 Thursday to undo a rule proposed by the Labor Department earlier this month that would require anyone getting paid to provide retirement investment advice to act in the best interest of retirees. Many people think that’s already how things work, but it isn’t."

And by a pretty good margin, too. 

(The boldfacing was done by me.)

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