IRI urges DOL, SEC to avoid conflicting fiduciary rules

11/6/2013 | BenefitsPro.com

If the Department of Labor and Securities and Exchange Commission work on fiduciary duty issues, they should coordinate to ensure they don't conflict with each other, said Cathy Weatherford, president and CEO of the Insured Retirement Institute. "Without proper coordination, and without knowing what the SEC’s harmonized rule will be, there could be a scenario where there are two conflicting rules and unintended consequences for providers of financial information as well as their clients," she said. Read the full IRI statement here.

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