President Barack Obama on Monday proposed tougher regulations on investment brokers who handle retirement funds, saying new rules would limit hidden fees, "back-door payments" and conflicts of interest that eat into middle-class Americans' savings. Warning against advisers who are "bilking" clients and selling "snake oil," Obama billed the move - a revival of an effort quashed by industry opposition four years ago - as part of his renewed focus on a populist economic message.
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