Fiduciary rules require financial advisors and brokers to act in the best interests of their clients. For seniors, this protection is critical, as retirement savings often represent decades of hard work and sacrifice. Without fiduciary standards, brokers may recommend investments that benefit themselves more than their clients. Seniors living on fixed incomes are especially vulnerable to hidden fees, risky products, and conflicts of interest. Fiduciary rules were designed to prevent exploitation and ensure retirees receive honest guidance. But what happens when your broker starts steering you wrong?
