Investor-Protection Rule is Here to Stay … For Now

CNBC quotes CEI’s John Berlau on the announcement of a delay in implementing the disasterous Fiduciary Rule:

While opponents are cheering the delay, they also say the parts of the regulation that already have taken effect are hurting investors.

“The fiduciary rule effectively limits choices for investors because the government and trial lawyers are the ones who define, under the rule, which investments are in the ‘best interest’ of investors,” said John Berlau, a financial policy expert at the Competitive Enterprise Institute.

Read the full article here.