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Sometimes they are not. Its already confusing to begin with. We need one standard and it ought to be the best interest. I love the one standard. I love the best interest tests. I assume there are a lot of people who are making a lot of money. So ive got to see, this one seems like a nobrainer to me. Hard working americans who manage money for their retirement should be able to trust that their retirement advisers are looking out for them. And besides that the thousands of honest hard working advisers and brokers around this country who already put their clients first every day shouldnt have to...

We can get straight to their testimony. First, peter snyder, president of a grnlg company which i visited before. Thank you for being here peter. Peter is the leader of Financial Services providing income Retirement Savings options and insurance to millions of americans. Mr. Sflieder became president and served before that as the executive Vice President for primerica. We welcome you here today. Thank you. We have some scott purit managing contractor of defiance i. R. A. In maryland. He is a retirement director. A masters degree from harvard university. Welcome and thank you for being here. At...

Other sister agency. Its a meritorious move. You said is, quote, good people operating in a flawed system. Would you explain that . Sure. There is a misalignment between the incentives that a person giving advice has and the best interest of the consumer. So, for instance, again, getting back to the tofels, if you have four or five different products under the current suitability rule that are suitable and product the first product, the variable annuity generates 26,000 a year in fees and another product, which would have a comparable return has a fraction of those fees, you have per verse inc...

Has been a very exciting day here. The moment that evan spiegel stepped on the floor there he is walking across they have walltowall coverage of the latest tech darling. He was wrapping up the speech. Calling for a great rebuilding of the United States military in the u. S. Navy. One of the largest defense spending increases in history and eliminating the sequester. Those cuts in spending. The former navy captain. Provides a situation report on the commander in chief and the call on that. While the president is focusing on National Security his attorney general of attorney general of course is...

To 4045 mph. The wind is lighter saturday before it increases again sunday. A spotty shower is possible saturday night otherwise dry weather is ahead through early next week. As the snow melts with warmer weather, it means some drivers are traveling faster giving them less time to respond to those pot holes. Kwwls Macleod Hageman has returned from driving around today. Mac what are drivers saying . Potholes than people throughout the cedar valley. Luckily for drivers waterloo and cedar falls crews are working to ensure drivers have a smooth and safe travel throughout the area. Waterloo Streets...