jeffw@lemmy.worldM to

News@lemmy.world · 1 month ago

Insurance lobbyists block federal crackdown on costly retirement advice

www.washingtonpost.com

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Insurance lobbyists block federal crackdown on costly retirement advice

www.washingtonpost.com

jeffw@lemmy.worldM to

News@lemmy.world · 1 month ago

6

The financial services industry has blocked the Biden administration from requiring brokers to put retirees’ needs first — above lucrative commissions.

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TL;DR

The lobbying group ACLI — whose board of directors includes executives from Prudential, Lincoln Financial and New York Life

These companies are bribing your congressmen to be able to lie to you and steal your money.

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