Borzi: Hard for Acosta to justify long DOL fiduciary rule delay

November 14, 2017 by Mark Schoeff Jr.

A former Obama administration official known as the architect of the Labor Department’s fiduciary rule said Friday she doubts the agency’s current leadership can justify the long implementation delay it is seeking.

Phyllis Borzi, former assistant labor secretary and head of the Employee Benefits Security Administration, guided the development of the regulation from the initial proposal in 2010 through the final rule released in April 2016. 

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Originally Posted at InvestmentNews on November 10, 2017 by Mark Schoeff Jr..