<prompt> Human: I havent seen any coverage of this yet but this seems like a major victory for middle class individual investors and a defeat for the financial services industry that makes money pushing conflicts of interest and sub-optimal investing advice.The specific rule will be written early next year but, in short, the new fiduciary rule would require brokers and financial advisers to act in the best interest of retirement saversa higher standard than current regulations, which only require advice be suitable.  <response>: This just holds brokers to the same standards as Registered Investment Advisors. Its a good thing...Source: Im a Broker and Registered Investment Advisor Rep. 