The Financial Planning Coalition has sent a letter to all members of Congress strongly urging them to reject any legislative proposal that would block the Department of Labor’s effort to finalize and implement a new fiduciary rule.
The Financial Planning Coalition advocates for the comprehensive application of fiduciary standards for financial advisors.
Its letter alludes to an outline of legislation drafted in early November by two Democrats and two Republicans in the House of Representatives that would serve to replace the extensive fiduciary regulation the DOL has promised to finalize by the end of the Obama administration.
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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.
