The Labor Department is holding hearings this week on its proposal to impose fiduciary requirements on retirement advisors -- the latest phase of its contentious process to craft new rules on consumer financial protections. Throughout the week, Labor will hear from some 25 investor advocates, academics and representatives of various industry sectors that would be affected by the fiduciary rules, which the department says are necessary to protect retirement investors from conflicted advice that might not be in their best interest.
SourceMedias Financial Planning, On Wall Street, Employee Benefit Adviser and Employee Benefit News are covering the hearings. Complete, ongoing coverage along with commentary from their expert contributors can be found here:
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