Critics Rip DOL Over Short Comment Period For Advice Rule

July 22, 2020 by John Hilton

Department of Labor officials are proceeding with a quick timeline for its reworked rule to regulate investment advice to workers and retirees.

Meanwhile, critics claim the DOL is departing from precedent in a bid to push the reworked former fiduciary rule through quickly. Legislators and consumer advocates seek both a longer comment period and a public hearing.

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Originally Posted at InsuranceNewsNet on July 21, 2020 by John Hilton.