http://www.addictinginfo.org/2015/10/31/bonuses-bad-financial-advise-wall-street-retirement-pensions-rewards-video/
"The revelations detailed in Senator Warren’s report support the Obama administration’s call for changes to existing laws, that don’t prohibit financial advisers, brokers and agents from putting their own financial interests above those of their client. A proposed rule change would allow the Department of Labor to “impose a fiduciary duty on fund managers, requiring them to make investment decisions in the best interests of their clients and making it illegal for investment professionals to push clients into under-performing investments in order to score vacations or other benefits.” Not surprisingly, Wall Street and Congressional Republicans are adamantly opposed to the change which would put the interest of working class families above the interests of those who exploit them."
