On the recordOctober 27, 2015
The DOL rule that is being reproposed seeks to mitigate these conflicts of interest so that the best advisers in companies get clients and compensation based on the best interest and the outcomes for their clients. I think that this is a backdoor approach to kill the rule, any rule, and it will leave gaping loopholes in Federal laws. My advice to my colleagues is that we defeat this bill.
Source
govinfo.gov




