Today, as the last of the scheduled comment periods for the Department of Labor’s proposed fiduciary rule closes, 96 House Democrats have signed a letter calling for further refinements to the rule.
The comment letter, addressed to Labor Secretary Thomas Perez, was first circulated from the office of Rep. Gwen Moore, D-Wisconsin.
It urges the DOL to take a “balanced approach” in both protecting consumer interests while not restricting access to retirement advice for lower and middle-income Americans.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
