Recently, the Department of Labor ruling were put in place to change the standard of advice given for 401k and IRA accounts.

Read this:

https://www.kitces.com/blog/department-of-labor-fiduciary-rule-best-interests-contract-exemption-bice-top-financial-advisor-issue-2016/

Answer the following questions and reply to 2fellow students' posts.

1. What is difference between a suitable recommendation and a recommendation made as a fiduciary?

2. Do you think that the types of products sold will change as a result of DOL rulings? Explain.

3. What impact do you think these rulings will have on the financial services industry?

4. Post the link to an article that addresses suitability vs fiduciary standards. Explain why you found the article interesting.