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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://masto.ai/users/Nonilex/statuses/112945196743529809">Nonilex (nonilex@masto.ai)'s status on Monday, 12-Aug-2024 05:38:11 JST</a><a href="https://masto.ai/@Nonilex" title="nonilex@masto.ai"><img src="https://gnusocial.jp/avatar/172532-48-20240905150214.webp" width="48" height="48" alt="Nonilex" style="position: absolute; left: 0; top: 0;">Nonilex</a></section><article><p><a href="https://masto.ai/tags/InsuranceLobbyists" rel="tag">#InsuranceLobbyists</a> block <a href="https://masto.ai/tags/federal" rel="tag">#federal</a> crackdown on costly [good] <a href="https://masto.ai/tags/retirement" rel="tag">#retirement</a> advice<br> The <a href="https://masto.ai/tags/FinancialServicesIndustry" rel="tag">#FinancialServicesIndustry</a> has blocked the <a href="https://masto.ai/tags/Biden" rel="tag">#Biden</a> admin from requiring <a href="https://masto.ai/tags/brokers" rel="tag">#brokers</a> to put <a href="https://masto.ai/tags/retirees" rel="tag">#retirees</a>’ needs first — above lucrative <a href="https://masto.ai/tags/commissions" rel="tag">#commissions</a>.  To protect older Americans’ <a href="https://masto.ai/tags/LifeSavings" rel="tag">#LifeSavings</a>, <a href="https://masto.ai/tags/POTUS" rel="tag">#POTUS</a> <a href="https://masto.ai/tags/JoeBiden" rel="tag">#JoeBiden</a> pledged in Oct to crack down on <a href="https://masto.ai/tags/financial" rel="tag">#financial</a> advisers who recommend <a href="https://masto.ai/tags/investments" rel="tag">#investments</a> just because they pay higher commissions. Then the insurance industry got to work.</p><p><a href="https://masto.ai/tags/law" rel="tag">#law</a> <br><a href="https://www.washingtonpost.com/business/2024/08/11/insurance-lobbyists-block-fiduciary-rule/" rel="nofollow noreferrer">https://www.washingtonpost.com/business/2024/08/11/insurance-lobbyists-block-fiduciary-rule/</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3505599#notice-6887867">In conversation</a><time datetime="2024-08-12T05:38:11+09:00" title="Monday, 12-Aug-2024 05:38:11 JST">about 3 months ago</time> <span>from <span><a href="https://masto.ai/@Nonilex/112945196743529809" rel="external" title="Sent from masto.ai via ActivityPub">masto.ai</a></span></span><a href="https://masto.ai/@Nonilex/112945196743529809">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/3030241">Untitled attachment</a></label><br></li></ol></footer></blockquote>

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Nonilex (nonilex@masto.ai)'s status on Monday, 12-Aug-2024 05:38:11 JST Nonilex
#InsuranceLobbyists block #federal crackdown on costly [good] #retirement advice
 The #FinancialServicesIndustry has blocked the #Biden admin from requiring #brokers to put #retirees’ needs first — above lucrative #commissions.  To protect older Americans’ #LifeSavings, #POTUS #JoeBiden pledged in Oct to crack down on #financial advisers who recommend #investments just because they pay higher commissions. Then the insurance industry got to work.
#law
https://www.washingtonpost.com/business/2024/08/11/insurance-lobbyists-block-fiduciary-rule/
In conversationabout 3 months ago from masto.aipermalink
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