Senators seek delay of DOL rule for retirement-plan advisors

08/6/2013 | ThinkAdvisor · InvestmentNews (free registration)

Ten Democratic senators have written to the Office of Management and Budget calling for a delay in the Labor Department's adoption of a fiduciary rule governing financial advisors working on retirement plans. The department should wait until the Securities and Exchange Commission decides whether to issue guidance on advice given to retail investors, the senators wrote.

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ThinkAdvisor · InvestmentNews (free registration)

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