The Congressional Hispanic Caucus weighed in on the Department of Labor's re-proposal of its fiduciary rules this week.
In a letter to Labor Secretary Tom Perez, the Congressional Hispanic Caucus said that it is "critically important that the re-proposed fiduciary rule protect individuals from misleading or harmful advice. It is equally important that the re-proposal promote robust access to information and personal assistance regarding retirement investments for both 401(k) plans and IRAs that are in the account holder's best interest."
The DOL is scheduled to release the latest version of its proposed rules regarding who is a fiduciary when it comes to giving investment advice in August.
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