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Acosta likely has limited, if any options to issue a delay of the June 9 requirement that advisors serve as fiduciaries, sources say.(Photo: Diego M. Radizinski/ALM)

An email from Labor Secretary Alexander Acosta to Sen. Tim Scott, R-SC, leaked to industry opponents of the fiduciary rule by a Scott staffer, said rolling back the rule was Acosta’s top priority, according to reporting on NAPA-net.org and insurancenewsnet.com.

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.

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