Sen. Elizabeth Warren presses Andrew Puzder on DOL fiduciary rule

Asks Trump’s nominee for secretary of Labor how he’ll evaluate the retirement advice regulation

Feb 13, 2017 @ 1:21 pm | by Mark Schoeff Jr. | InvestmentNews.com

Sen. Elizabeth Warren, D-Mass., is pressing Andrew Puzder, President Donald J. Trump’s nominee for labor secretary, on what he intends to proceed in reassessing a major investment-advice rule.

In a 28-page letter to Mr. Puzder on Monday, Ms. Warren included several questions about the DOL rule, which would require financial advisers to act in the best interests of their clients in retirement accounts.

Mr. Puzder is scheduled for a confirmation hearing on Thursday before the Senate Health Education Labor and Pensions Committee on which Ms. Warren serves.

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