Reg BI Creates ‘Fake Fiduciaries’: Jane Bryant Quinn
February 1, 2020 by Jane Wollman Rusoff
Regulation Best Interest is “a disaster for investors” because it “creates fake fiduciaries,” argues Jane Bryant Quinn, the veteran personal finance journalist and advocate for consumer rights.
In a recent interview with ThinkAdvisor, she offered candid opinions on the Securities and Exchange Commission’s Reg BI, zero commissions, the Secure Act, certain annuities and financial advisors.
The bestselling author has just released a revised, updated edition of her 2016 “…treasure chest of…financial advice…” as Forbes calls it. “How to Make Your Money Last: The Indispensable Retirement Guide” (Simon and Schuster- Jan. 7) covers recent changes in tax laws, health insurance, Social Security and much more.