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While fiduciary rule opponents and consumer advocates argue over the rule's private right-of-action provision, Morningstar thinks it has a way to appease both industry and consumer advocates. (Photo: Shutterstock)

As the Office of Management and Budget considers a proposed 18-month delay of the fiduciary rule by the Labor Department, some in industry are holding out hope that the rule will be rescinded, if not gutted to the point of effective extinction.

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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