The requirement has been praised but might have its own consequences.

The SIFMA organization formally voiced concerns to the state’s securities division.

Six years before the Wells Fargo fake-accounts scandal broke, two retail bankers warned the federal government about the company’s branch sales practices.

With the Fiduciary Rule in doubt, seeking professional advice on your money remains a dangerous proposition.

For decades, bad financial advice has caused Americans to lose billions of dollars to unnecessary costs and fees. One recent study by the White House Council of Economic Advisers pegged the price of conflicted financial advice at $17 billion in annual losses. Retirement savers pay these high fees because financial advisers often steer clients toward investments that kick money back to financial advisers. Our retirement savers deserve better.