Private Eyes
The Fees and the Darkness
Secrecy about fees only hurts investors.
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The fiduciary rule is coming!
The Department of Labor announced on Monday that its much-anticipated fiduciary rule -- or at least the lion’s share of its provisions -- would go into effect on June 9. In a nutshell, the rule prohibits brokers from taking money from mutual funds they recommend to clients unless they disclose those payments to their clients.