Government Shutdown Talks May Gut Retirement Security Rule

WASHINGTON -- One casualty of the House budget talks to avert a government shutdown may be a proposed rule requiring investment advisers to act in the best interests of their clients, according to multiple House Democratic sources. Labor activists and financial reform experts have heralded the rule as a critical step toward enhancing retirement security. The policy would impose a "fiduciary duty" on financial professionals who oversee retirement accounts, barring them from considering the potent...