“Based on the industry’s practices, Muir and her collaborators advocate for regulation that holds all those who provide advice to retirement savers to the same standard of fiduciary responsibility.”

[COMMENTARY] There are huge financial educational differences between many that offer retirement financial advice. My concern is that the public does not know that. Hence, rather than mandate a costly and bureaucratic straight-jacket financial educational approach governed by the ‘banks,’ I advocate a public that is much better informed about the academic status of all ‘financial advisors.’
U-M business law expert’s research on the ethics of financial advisers cited in US Senate investigation, by Faculty Q and A, University of Michigan, USA.