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Americans feel more secure about retirement than they should, another financial-advisor Ponzi scheme, and geopolitics worry institutional investors more than a recession.
“I wish more of my colleagues and more elected officials, quite frankly, have signed not just the back of a paycheck, but maybe the front of one,” Rep. Ann Wagner said.
Luis Aguilar, former commissioner at the Securities and Exchange Commission, expects the agency to move on a fiduciary standard, especially if the DOL rule stays in place.