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Forbes: Obama Attacks Advisors Selling Snake Oil, Lauds New DOL Fiduciary Rule

“If you’re working hard and saving money, sacrificing that new car or vacation so you can build a nest egg for later, you should have the peace of mind that the advice you’re getting is sound,” President Obama said, at the Save Our Retirement Coalition event at AARP’s offices in Washington. Coalition members include the AARP, AFL-CIO, AFSCME, Americans for Financial Reform, Better Markets, Consumer Federation of America and Pension Rights Center.