Uh oh. This doesn't sound good. US bonds will probably be considered the only "safe" option according to the govt.
WASHINGTON (AP) -- The Obama administration is proposing tougher restrictions on brokers who manage Americans' retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401k and other savings accounts.
The change would put brokers — who sell stocks, bonds, annuities and other investments — under the stricter requirements for registered financial advisers when they handle clients' retirement accounts. Continued...