Michael Capuano actually said...

If you are giving investment advice to our retirement savers and you are being compensated for your advice, then you have to put your custom...

I believe that it properly balances the need to protect retirement investors with the need to streamline compliance costs.

The fiduciary rule is a much-needed update of the rules governing investment advice to retirement savers.

I am a supporter of the rule because it provides critical protections to Americans who are saving for retirement.