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Request denied! DOL says no extension on fiduciary rule comment period
After 18 financial groups asked for a 60-day extension for the DOL’s proposed new fiduciary rule last week, the department told them it is not warranted, reiterating that comments are still due Jan. 2.
Financial groups to DOL on proposed new fiduciary rule: Give us a '60-day extension'
A coalition of nearly 20 financial industry trade groups, including the Financial Services Institute and the Insured Retirement Institute, says a 60-day comment period is not enough time to comment on the 500-page proposal.
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