Just days out from the close of the comment period for the Department of Labor's proposed conflict of interest rule, opponents of the regulation are rushing to document versions of Armageddon that would befall the retirement advisory industry if anything resembling the proposed provisions come to pass.
Kim O'Brien is one of them. She's the CEO of Americans for Annuity Protection, a new advocacy group that recently published a paper insisting the DOL withdraw its rule.
As a lobby for consumers' access to insurance investment products, O'Brien says all annuities are square in the DOL's crosshairs.
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