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DoL Receives Petition in Favor of Fiduciary Standard

Monday, Jul 20 2015
Regulatory & Compliance
Written by  PFA News

Advocates of the fiduciary requirement for retirement investment advisors have delivered a petition with 230,000 signatures to the Department of Labor to urge the regulator to support the proposed standard.

So reports Financial Advisor.

During a rally at the DoL office, one speaker maintained that a fiduciary standard may have prevented her from losing $400,000 in retirement savings because of bad and conflicted advice.

Read the full article from Financial Advisor.

 

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