New Letter on DOL Fiduciary Rule

DOL-washington-dcRecently, a group of 30 Democratic lawmakers in the US House of Representatives sent a letter to Labor Secretary Thomas Perez expressing concern over a pending Department of Labor fiduciary rule that would limit access to financial advice for millions of Americans.

The letter, which was signed by members of the New Democrat Coalition, cautioned that new regulatory barriers as well as competing standards from the SEC and DOL may limit or restrict the access that small businesses and low and middle-income individuals have to investment advice. The members requested an in-person meeting with Labor Secretary Thomas Perez to further discuss their concerns.

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