September 18, 2015
More Protection for a Nest Egg Has Some Brokers Upset
The New York Times, by Tara Siegel Bernard
For retirees like Deborah DePasquale, 64, the rules can’t come fast enough. After working with a broker for four years, she discovered that she and her spouse, Mary Guhin, were being charged what they said were exorbitant commissions, among other abusive practices.
“If average people like me were savvy enough to understand everything financial, we wouldn’t need to depend on brokers,” Ms. DePasquale said. “I should be able to trust them to act in my best interest — and not against me.”
Read full New York Times article by Tara Siegel Bernard here.