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SIFMA CEO and President Criticizes DOL's Proposal for Plan Investments

In an editorial published in The Hill, SIFMA CEO and President Kenneth E. Bentsen argued that the DOL's "best-interest proposal" for financial advisers could limit American citizens' investment choices and prevent them from accessing the advice they need in order to save for retirement.

See: Mr. Bentsen's Statement.Related news: ACLI Criticizes DOL's Proposed Fiduciary Rule (June 30, 2015); U.S. Department of Labor Issues Proposed Rule Regarding Fiduciary Definition (April 14, 2015).

Tags

Regulated Activities
Suitability and Consumer Protection
Sub-Activity
DOL Fiduciary Rule
Regulated Entities
Plans and ERISA Entities Adviser / CTA / CPO
Body of Law
ERISA / Pension Securities Law
Jurisdiction
US - Federal
Organization
Trade / Industry Associations
Sub-Author
SIFMA