Browsing: Fiduciary rule

Newsbytes ABA urges Labor Department to withdraw fiduciary rule

The Department of Labor’s proposed fiduciary rule is a misguided approach fraught with serious risks, costs and uncertainties for retirement investors and for the banks and other organizations that supply retirement services, ABA said.

Newsbytes ABA: Proposed fiduciary rule will harm retirement savers

The Department of Labor’s proposed expansion of its investment advice regulation—known as the fiduciary rule—is overbroad, overreaching, and would make it much more difficult for banks to deliver products and services to customers saving for retirement, ABA said in a letter to the agency.

Newsbytes Sen. Tuberville: Fiduciary rule would lead to more red tape, increased costs

The Department of Labor’s proposed fiduciary rule would dramatically expand the already high administrative and compliance costs faced by stockbrokers, financial advisors and other financial services professionals who offer investment products to Americans, Sen. Tommy Tuberville (R-Ala.) wrote in a recent opinion column for the Daily Caller.

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