A)There is a standard of client care that is higher than the suitability standard. It requires certain professionals to recommend "the best" investment products to their clients. What is this standard called? How is it defined?
b) A new Dept. of Labor (DOL) rule that has been delayed would require professionals who deliver retirement-investment advice to adhere to the standard of client care referred to in a) above. Find an article that discusses the pros or cons of the new rule and summarize its main points in your own words. Cite the original source/provide a link.
c) Is the Financial Services Industry in favor of the new rule? Why/why not?