“On behalf of Americans for Financial Reform, we are writing to express our support for the Department of Labor’s (DOL’s) conflict of interest rule or “Fiduciary Duty” rule and our strong opposition to eliminating or weakening the rule. This rule strengthens protections for retirement savers by requiring individuals or entities which provide retirement investment advice to act in the best interests of their clients. Eliminating or weakening these new protections would allow those who provide retirement advice to continue to engage in harmful practices that threaten the retirement security of tens of millions of Americans.”
