Sens. Warren, Murray Probe DOL on Fake Fiduciary Rule Comments

August 19, 2020 by Melanie Waddell

Sens. Elizabeth Warren, D-Mass., Patty Murray, D-Wash., and Tina Smith, D-Minn., are pressing Labor Secretary Eugene Scalia to lay out steps he’s taking to ensure this round of fiduciary rule comments aren’t fake.

The senators cite a 2017 Wall Street Journal analysis, which found that 40% of the respondents to Labor’s now-defunct 2016 fiduciary rule “didn’t write the posts that were attributed to them,” with “most of the 345 comments [analyzed] critical of the fiduciary rule,” the senators told Scalia Friday in a letter, which was led by Smith.

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Originally Posted at ThinkAdvisor on August 14, 2020 by Melanie Waddell.