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.