"[The author's] feeling is that the fiduciary rule will be retained, but modified.... [T]he fiduciary rule wasn't the source of the greatest objections to the DOL's guidance. Instead, that was the Best Interest Contract Exemption (BICE).... [T]here is an argument that a rule that requires that retirement money be invested in the best interest of the investor is not, in and of itself, objectionable.... [B]ecause of the ongoing retirement of baby boomers, many of whom are unsophisticated investors, and the rollover of their money to IRAs, there may be a perceived need to protect retirees."  MORE >>