What Phyllis Borzi has to say about the DOL rule now
The architect of the Department of Labor fiduciary regulation claims it is already paying dividends by lowering costs for investors — and isn't going away.
Labor Assistant Secretary Phyllis Borzi said the agency's investment advice regulation is already reducing fees in the industry and will continue to do so — no matter what happens to the rule in the Trump administration.
The regulation, which requires financial advisers to act in the best inte
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