The Battle Over the DOL’s Fiduciary Rule Gets Dirty

The battle over a rule proposed by the U.S. Department of Labor, which would require retirement plan advisors to be fiduciaries to plan participants, has descended to a new low.

The securities industry lobby has been earning its keep, persuading some members of Congress that putting the interest of plan participants first is actually a bad idea. No mean feat.

The powerful securities lobby

Read the rest of the article at The Huffington Post.

©2024 Sawyer Capital Management

Sawyer Capital Management, Inc. is a registered investment adviser with the state of Missouri, Louisiana & Texas and may only transact business with residents of those states and residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements.