Retirement Advisors Now Free to Rip You Off Again

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Nine months ago President Obama signed an executive order that required retirement advisers to act in the best interest of their client. That seems like a good idea, doesn’t it? Maybe to you it does, but as it turns out, Republicans hate it. It’s just more nanny state-ism. They think everyone should have the freedom to pick financial advisors who get secret kickbacks for steering you into lousy investments.

Donald Trump doesn’t actually seem to care one way or another, but whatever. If Republicans want to repeal it, what the hell:

So that’s that. A few seconds after he signed the EO, a reporter tried to ask him a question about Iran. “They’re not behaving,” Trump said, and the pool was escorted out.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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