Q&A about the new Fiduciary rule

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I am posting this with some reservations because I think the rule will be changed, if not scrapped, before it goes into effect on 4/10/17. However, it is scheduled to go into effect at this point and retirement account holders are getting a lot of misinformation from brokers, insurance agents, and financial advisors and it's important for you to know what is BS and what's not. Note that the rule applies only to advice given for retirement accounts, but this includes HSAs and Coverdell ESAs. I would presume it does for 529 accounts, but they are not mentioned in the FAQ.

DOL Releases Fiduciary Rule FAQ for Investors, Workers