Trump just signed an order that could roll back a rule intended to protect Main Street's...

I guess we'll just have to agree to disagree, SSG Michael Hartsfield. The oversight of FINRA and the SEC will never go away. If anything, over time there will be more compliance required of financial services companies and their advisors. The action undertaken by the Department of Labor was simply an unnecessary (and perhaps redundant) intrusion into an already highly regulated industry, which is already "governed" by a Federal entity, the SEC.
To wit, FINRA is the only self regulatory organization (SRO), of which I'm aware, that reports to a Federal entity (the SEC). All other SROs, such as the American Medical Association, the American Bar Association, the American Institute of Certified Public Accountants are just that. None of them are "governed" by a Federal entity like FINRA is by the SEC. In other words, those SROs govern themselves, and they could be like foxes guarding the hen house. SSgt (Join to see) MSgt John Taylor SFC Bernard Walko LTC Stephen F. COL Mikel J. Burroughs SP5 Mark Kuzinski SPC Kevin Ford

LTC Stephen C. - What bothers me, is people wanting to bail out bad systems. And in many cases, just to preserve party politics. These onerous programs bankrupt us, to the tune of billions of dollars. Is any politician worth what they are paid?

LTC. Sir I am a long way from knowing a lot about protecting Mom and Dad'said retirement. But I can see some things. I can look at a statement and see where $500 to $700 a quarter was paid in commissions but the total value didn'the move up that much. That was happening to my wife with her account. I was the one that did everything with my Mother's money when she got where she couldn'the handle it. She had so much and it had to last. I handled her money and it lasted until she passed. I have re-done my wife and she tripled her total from the last people that handled it. Now that was just the return or dividends not the entire amount. So there are still traps out there that isn't covered. You still need to be involved in your investments.

I concur, MSgt John McGowan. I recommend continued involvement in one's own investments just like I recommend that individuals seek a good financial adviser. I believe as a wise senior NCO advised me upon my return to the active USAR, "No one cares about your retirement more than you."
That being said, your experience is a good one, but virtually an anomaly. Studies show that DIY investors invariably fare worse than those whose monies are handled by professionals.
Best of luck.
COL Mikel J. Burroughs SP5 Mark Kuzinski SPC Kevin Ford

That's the million dollar question, isn't it? Nevertheless, investment companies don't have that worry on their plates anymore and can act however they choose, investors be damned.

The Obama Administration tried to implemented. Too much push back from a conservative congress.

SFC Michael Jackson, MBA - I know some people will want evidence of the push claim. http://www.forbes.com/sites/ashleaebeling/2016/06/08/obama-vetoes-resolution-against-dol-retirement-rule-as-lawsuits-fly/#6a3c0f9a35c0