He's set in motion a process to kill a common-sense rule that would keep financial advisers from siphoning off money from their clients.
To President-Elect Trump: What If Everything You’ve Been Told About the DOL Fiduciary Rule Is Wrong?
With the DOL fiduciary rule already delivering real benefits to retirement savers, will the Trump Administration give in
There's a powerful agenda behind the opposition to the rule proposed by the U.S. Department of Labor (DOL) requiring that advisors to retirement plans be fiduciaries: The securities industry wants to preserve its ability to give conflicted advice. There's a lot at stake.
Don't do business with brokers who will not confirm in writing that they are fiduciaries to you. In my experience, brokers will not make this representation and instead will try to persuade you that the "fiduciary issue" is a red herring. Don't be fooled. It's a really big deal.
A lone bureaucrat has been fighting the financial industry for years, on a issue which stands at the intersection of two national challenges: investment regulation and retirement security. Along the way she's collected some new and interesting allies. Is that a sign of things to come?
A letter that a group of progressive Democrats sent to federal regulators opposing new protections for millions of Americans
The proposal is fiercely opposed by a diverse array of interests, from Wall Street's biggest banks and securities industry