Phyllis C. Borzi, assistant secretary for employee benefits security in the U.S. Department of Labor — the agency in charge of crafting the Labor Department fiduciary rule — has been named the winner of the 2016 Frankel Fiduciary Prize.

The prize was established in 2013 by the Institute for the Fiduciary Standard to acknowledge individuals who have made significant contributions to the preservation and advancement of fiduciary principles in public life. It is named for Professor Tamar Frankel of the Boston University School of Law.

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