New Fiduciary Rule Could Censor Financial Broadcasters like Dave Ramsey

[bjl584]

http://www.forbes.com/sites/johnberlau/2016/03/04/how-fiduciary-rule-may-censor-financial-broadcasters-like-dave-ramsey/#5ea05c26e696

[disneysteve]

Very interesting. This is the first I've heard of this. I don't think any finance gurus or talking heads on TV or radio should be held responsible for advice given on their shows. They aren't working for the audience members. They're providing general information, even when answering specific questions from listeners. They don't have the time or resources to fully analyze each person's situation to give specific professional guidance. If listeners don't grasp that, that isn't the host's fault. Anybody who is going to go out and make changes to their portfolio based on what one person on TV or radio or internet said deserves whatever happens.

[sj11041990]

Thanks for the information guys