By West STL News |
Apr 23, 2024
Washington, D.C. – Congresswoman Ann Wagner (R-MO), Chair of the Financial Services Subcommittee on Capital Markets, strongly criticized the Department of Labor's new Fiduciary Rule. Wagner stated, "Disguised as an attempt to eliminate so called ‘junk fees,’ the Biden Administration’s rushed rulemaking will leave millions of low-and middle-income retail investors without access to sound investment advice, forcing them to endure higher costs, fewer choices, and reduced service."Wagner went on to express her disapproval, mentioning, “Joe Biden needs to stop treating people...