The Fiduciary Rule should have been in effect since The Security Advisers Act of 1940. As with most things, people trust the "experts" to handle their government, insurance, legal issues and investing their money. Without the Fiduciary Rule, financial advisers can (and do) make choices with other people's money that only benefit the bottom line of the adviser. Americans can protect their assets by choosing "fee-only" advisers (NOT commission-based) and then shopping around for lower fees. Use a CERTIFIED FINANCIAL PLANNER & STAY INFORMED.