Critics Rip DOL Over Short Comment Period For Advice Rule
July 22, 2020 by John Hilton
Department of Labor officials are proceeding with a quick timeline for its reworked rule to regulate investment advice to workers and retirees.
Meanwhile, critics claim the DOL is departing from precedent in a bid to push the reworked former fiduciary rule through quickly. Legislators and consumer advocates seek both a longer comment period and a public hearing.