Outgoing Bush Administration Seeks to Loosen Investment Adviser Regs

Another reason why CPAs make the best personal financial advisers.

The Bush administration is rushing to pass a regulation that would relax the rules on when investment advisers can recommend products sold by their own companies, despite protests from consumer groups who say the changes could put retirement savings at risk.

Continued here: Midnight Reg Watch: More Conflicts for Investment Advisers – ProPublica.