The Department of Labor's fiduciary proposal has drawn considerable opposition from many industry groups, but one of the leading critics says it is optimistic that the final regulation will exclude some of the provisions that would require altering common broker and advisor practices.
The Financial Services Institute has been working aggressively to raise objections to the agency’s proposal, which would impose fiduciary obligations on brokers and advisors working with retirement plans and participants. The group identifies the fiduciary rulemaking as its highest policy priority.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access