The Los Angeles Times just published an article stating that The Obama administration has recently set out to implement restrictions on brokers intentions. They are stepping into broker- client relations to ensure that clients are being served to their best interest. Brokers are legally obligated to put their clients interests above everything else.

The Labor Department issued rules on Wednesday protection consumers. The rules will not officially be applied until January 2018 but are slowing progressing in the business. Currently when a consumer seeks financial advice, they may receive what they're looking for but it is possible for professionals to hide certain consequences.