Compliance

DOL fiduciary opponents pin price on proposal: $3.9B

Warnings of billions in crippling costs and TV attack ads are the latest salvos from opponents of the Labor Department's fiduciary rule after hearings closed last week. The industry's newest claim is that independent firms could get hit with a bill tallying up to $3.9 billion in startup costs alone should the rule go into effect.

Andrew Welsch
By Andrew Welsch
Former Managing Editor
Financial Planning

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