Column: Fiduciary Madness

In the midst of college basketball’s March Madness, where seemingly no high-seeded team was safe from elimination, the Fifth Circuit Court of Appeals struck down what has come to be known as the Fiduciary Rule, the Obama-era regulation that more broadly defined when a person is acting as a fiduciary by reason of providing investment advice for a fee regarding the assets of a retirement plan, IRA and certain other investment arrangements.

Praised by investor advocates, and generally reviled by…

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