In recent years, it has become more and more difficult for most people to save for retirement. At the same time, a great many hardworking Americans have missed out on tens or even hundreds of thousands of dollars in potential retirement savings by following the advice of financial professionals who, because of outdated rules, are allowed to put their own interests ahead of the interests of those they advise.

The Department of Labor (DOL) is working to close loopholes that allow this problem to continue, but there is intense – and mounting – pressure from Wall Street to stop the DOL’s efforts in its tracks.

Today, as part of a continuing campaign of support for this important rulemaking, Americans for Financial Reform delivered petitions in which more than 19,000 people urge Congress and the White House to insist on a strong fiduciary duty standard for retirement-investment advisers.

For more information, see:

• Text of Petition to President Obama and Congress (9852 signers)
• Text of Petition to Congress (10085 signers)
• SaveOurRetirement Campaign
• Fiduciary-duty Fact Sheet
• Common Fiduciary Questions and Answers (Consumer Federation of America)