DOL Abandons Its Statutory Mission to Protect Retirement Savers

July 30, 2020

Source: ThinkAdvisor.com | By Phyllis C. Borzi | July 29, 2020, at 2:21 PM

When the Labor Department unveiled its draft retirement investment advice rule recently, I was saddened but not surprised to see that it meekly capitulates to the financial services industry demand that their conflicted business models continue to be protected from transparency and accountability to the individuals and retirement plans that are their customers.

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