House GOP Members Press Fight Against DOL Rule
October 6, 2017 by John Hilton
While the most disliked aspects of Department of Labor fiduciary rule are expected to be officially delayed any day now, lawmakers continue to push legislative alternatives.
Last week, Rep. Ann Wagner, R-Mo., introduced a bill to create a new advisory standard somewhere between fiduciary and suitability. It would amend the Securities Exchange Act of 1934 to include a best interest standard of care for brokers advising investors in the retail market.