WASHINGTON – The night before the Department of Labor unveiled its long-awaited fiduciary rule, Sen. Cory Booker (D-N.J.) walked over to the reflecting pool on the National Mall and up steps of the Jefferson Memorial at about 10 p.m.

Despite the late hour, the site was crowded with visitors, many of whom were reading aloud portions of the Declaration of Independence. One quote, in particular, jumped out at Booker, who had been involved with the rule since 2013.  Americans "mutually pledge our lives, our fortunes, and our sacred honor."

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access