Stock Market

News Special: COVID-19 In SD

Mar 11, 2020
SDPB

The spread of a novel coronavirus has South Dakotans washing their hands, stocking up on cleaning supplies, and eyeing their financial portfolios. 

SDPB’s “In the Moment” brings you this podcast special to answer some of the questions we are all asking.  

Kealey Bultena / SDPB

A new rule from the U-S Department of Labor changes the responsibilities of certain financial advisors. Some people including US Senator Mike Rounds say the law puts a greater burden on Americans and limits available advice. Others say everyday investors likely won’t see much of a difference.

Fiduciaries are people charged with putting someone else’s interests ahead of their own. That means financial fiduciaries must recommend money moves in clients’ best interests.