Copyright 2017 NPR. To see more, visit ARI SHAPIRO, HOST: Some watchdog groups that keep an eye on the financial industry are worried about the fate of a new Labor Department rule that's supposed to take effect this April. It says financial advisers have to act in their customers' best interest when giving them advice about their 401k retirement accounts. Under the Trump administration, that rule may be in jeopardy. NPR's Chris Arnold has more. CHRIS ARNOLD, BYLINE: When you go to a doctor or a lawyer, they're required to act in your best interests. A financial adviser, though - no. It's often perfectly legal for an adviser to say, you should invest in these mutual funds - they're great - even though the fees are outrageously high, and the adviser gets a fat commission for getting you to buy them. DENNIS KELLEHER: Too many advisers are doing that today. It's costing retirement savers tens of billions of dollars every year. ARNOLD: That's Dennis Kelleher, the president of Better Markets
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