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Fiduciary Floodgates Open Again: 1,100 DOL Comments So Far

March 29, 2017

Fiduciary Floodgates Open Again: 1,100 DOL Comments So Far

March 28, 2017 | by Scott Martin | Trust Advisor

The Labor Department has reopened its official feedback channels to see what the industry has to say about delaying or entirely rescinding its controversial standard on retirement advice. The industry isn’t exactly shy.

The first 1,105 comments have now been posted to the DOL site and as yet the agency has yet to load anything dated beyond March 17.

I see the usual industry heavyweights along with a lot of individual professionals arguing coherently and passionately for relief—even in the worst scenarios, retail investors survived this long without forcing advisors into a no-win posture.

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July 29, 2015
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