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Obama: Stop wall street brokers from putting their interests above clients saving for retirement

President Obama, joined by Sen. Elizabeth Warren, Sen. Cory Booker and other leaders, announced a very important retirement security initiative: ending conflicts of interests and hidden fees when people save for retirement.

President Obama, joined by Sen. Elizabeth Warren, Sen. Cory Booker and other leaders, announced a very important retirement security initiative: ending conflicts of interests and hidden fees when people save for retirement. This common sense rule merely requires brokers and other financial advisers to act in their clients' best interest rather than their own personal interests when providing retirement investment advice.

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