Lawmakers Call On Labor Department to Finish Fiduciary Rule
April 8, 2024 by Kenneth Corbin
A group of nine left-leaning U.S. senators is urging the Department of Labor to move swiftly to finalize its proposed rule that would impose fiduciary obligations on more financial professionals working with retirement clients.
The Labor Department’s fiduciary proposal, which has encountered fierce opposition from some members of the financial-services industry, “ensures that every retirement saver who seeks the assistance of an investment professional will receive advice that puts their best interests first,” the lawmakers…
Originally Posted at Barron's on April 1, 2024 by Kenneth Corbin.
Categories: Industry Articles
