Don’t Finalize Fiduciary Rule Now, Groups Urge DOL

April 16, 2024 by Melanie Waddell

Industry trade groups are pressing the Labor Department to continue to receive public input on its fiduciary rule and not “finalize the rule now.”

In a letter sent Monday to acting Labor Secretary Julie Su as well as the Office of Management and Budget, the groups — which include the Financial Services Institute and the Insured Retirement Institute — state that Labor rushed its rule through and asked Labor and OMB to “stand up for the integrity of the regulatory process and continue the public input process.”

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Originally Posted at Think Advisor on April 15, 2024 by Melanie Waddell.