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In its first day of hearings about the proposed fiduciary rule, the DOL has heard testimony from advisers, legal experts and other industry representatives many seeking revisions to minimize the burden of the rules future implementation.
August 10 -
Concerns about over-regulation and accusations of industry cynicism led the opening of the Labor Department's hearings on its proposal to impose fiduciary requirements on retirement advisers the latest phase of its contentious process to craft new rules on consumer protections.
August 10