The Department of Labor has released the finalized version of its fiduciary rule, more than five years after it was first proposed.
In a press call, Labor Secretary Thomas Perez called the rule "a huge win for the middle class," and said the rule is central to the larger Obama White House initiative to create the "strongest consumer protections in history."
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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.
