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Phyllis Borzi, former EBSA head Have you ever wondered what it would have been like to be a fly on wall while the DOL made what eventually became known as the fiduciary rule? I recently had a chance to relive this moment by talking with the one person who was at the forefront of this effort: Phyllis Borzi.

When the DOL finally issued its conflict-of-interest (aka “fiduciary”) rule, it was met with enthusiasm and disdain. Many might not realize this disdain came from both sides of the spectrum.

Christopher Carosa

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