DoL Pushes Back Fiduciary Proposal

WASHINGTON -- The Department of Labor is pushing back its timeframe for releasing a highly anticipated proposal for expanding fiduciary responsibilities for advisors who work with retirement plans.

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Comments (2)
Conflict of interest? Ethics? I'll take advisors over politicians and bureaucrats any day. We are so far from what the Founders sacrificed and fought for. Free markets? Liberty? People can't even choose their own products anymore.
Posted by John D | Tuesday, September 10 2013 at 3:44PM ET
Prevent conflicts of interest?

First step would be to assess and remove Fiduciary360. Under its cover of procedures lurks training, rules, and a software tool for an investment-selection process that is entirely ANTI-fiduciary.

The Fi360 investment-selection process is designed for ignoring pursuit of clients' best interests in favor of growing a fleet of fee-extracting pseudo-fiduciaries.

And for the enrichment of Fi360, through its sale of quarterly floods of statistically-meaningless "data" for pseudo-fiduciaries' execution of that process.

For a diagnosis of the Fi360 investment-selection process, see

Dick Purcell
Posted by Dick P | Friday, September 13 2013 at 7:23AM ET
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