DOL Fiduciary News: September 11, 2017
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Fiduciary rule’s opponents seek elusive knockout blow
Financial Planning; Sep 8, 2017 @ 4:10 pm
Fresh off a victory in securing an 18-month delay for the fiduciary rule's remaining provisions, the regulation's opponents are redoubling efforts to nix it for good.
"I've been at this for five years now," Rep. Ann Wagner (R-Mo.), a critic of the rule, said Thursday at a U.S. Chamber of Commerce event in Washington. "I believe we will get there and I believe we have the administration's support."
Rescinding the rule in its entirety, however, has proven difficult in part because of the slowness of the rule-making process and the support the rule enjoys among consumer advocates as well as many within the industry.