Democratic presidential candidate Hilary Clinton said the Retail Investor Protection Act is "deceptively named" after the bill passed the House of Representatives by a margin of 245 to 186.
The bill, sponsored by Ann Wagner, R-Missouri, would delay finalization of the Department of Labor's proposed fiduciary rule by requiring the Securities and Exchange Commission to write its own rule first.
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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.
