Obama directs Labor Department to move ahead on fiduciary rule

President Barack Obama on Monday is expected to direct the Department of Labor to move ahead with a proposal that would raise investment-advice standards for brokers handling retirement accounts. In advance of a speech Mr. Obama is scheduled to give at AARP, the White House released a fact sheet stating that protecting workers and retirees from conflicted investment advice is part of the president's focus on "middle class economics."

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