“We, the undersigned 51 organizations, are writing to express our strong support for the Department of Labor’s (DOL’s) conflict of interest or “Fiduciary Duty” rule and our strong opposition to eliminating or weakening the rule. This rule strengthens protections for retirement savers by requiring financial advisers and their firms to provide retirement investment advice that is in their clients’ best interests. Eliminating or weakening these new protections would allow financial advisers and their firms to continue to engage in harmful practices that threaten the retirement security of tens of millions of Americans.”
