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June 22, 2016

RE: Oppose the veto override of HJ Res 88 (DOL conflict of interest rule)

Date: June 21, 2016 Dear Representative: As organizations that support the Department of Labor’s (DoL) rule to update and strengthen protections for retirement savers, we are writing to thank you for standing up for your hardworking constituents saving for retirement and opposing HJ Res 88, the Resolution of Disapproval that would block the rule’s implementation, […]


May 4, 2016

An open letter to the members of ACLI:

According to recent news reports, the board of ACLI will meet this week to decide whether to pursue a lawsuit challenging the Department of Labor’s recently finalized conflict of interest rule. We are writing on behalf of organizations that advocate for consumers, workers, and retirees to urge companies like yours to oppose a lawsuit and […]


April 20, 2016

EDITORIAL/COLUMNIST/NEWS ROUNDUP: WHY CONGRESS SHOULD PROTECT OUR RETIREMENT SAVINGS

The Department of Labor (DoL) earlier this month released its final rule to update and strengthen protections for retirement savers.  The rule will protect hard-working Americans from losing money because of a conflict of interest when a broker or other financial professional provides retirement investment advice.  The release of this final rule is a tremendous […]


April 20, 2016

RE: Oppose the Resolution to block DOL’s final conflict of interest rule

April 20, 2016 Honorable John Kline                                                       Honorable Bobby Scott Chairman                                                                           Ranking Member Education and Workforce Committee                              Education and Workforce Committee U.S. House of Representatives                                         U.S. House of Representatives Washington, D.C. 20515                                                  Washington, D.C. 20515 RE: Oppose the Resolution to block DOL’s final conflict of interest rule Dear Chairman Kline and […]


April 6, 2016

Support DOL’s final conflict of interest rule

April 6, 2016 RE: Support DOL’s final conflict of interest rule Dear Member of Congress: As organizations that support of the Department of Labor’s (DoL) rulemaking to update and strengthen protections for retirement savers, we commend Secretary Perez and his staff for issuing a final rule to protect hard-working Americans from losing money because of […]


April 5, 2016

VOICES OF EXPERIENCE: IT IS TIME TO END CONFLICTED-ADVICE HARMING RETIREMENT SAVERS

  Arthur Levitt, Jr., chairman of the Securities and Exchange Commission from 1993 to 2001: In this videotaped interview, Levitt explains why the DOL rule is needed, how it will help savers of modest means, and why the SEC doesn’t need to act first. https://www.youtube.com/watch?v=6YfWDXQdYVw Calls the lack of congressional support for the DOL fiduciary […]


April 5, 2016

EDITORIAL/COLUMNIST ROUNDUP: WHY CONGRESS SHOULD PROTECT OUR RETIREMENT SAVINGS, NOT CATER TO WALL STREET GREED

The Department of Labor (DoL) today released its final rulemaking to update and strengthen protections for retirement savers.  The rule will protect hard-working Americans from losing money because of a conflict of interest when a broker or other financial professional provides retirement investment advice.  The release of this final rule is a tremendous accomplishment in […]


December 15, 2015

Can you trust your financial adviser? Labor Department wants new rules

PBS NewsHour

A battle is brewing on Capitol Hill over the advice and fees financial advisers can use with their customers. The Department of Labor has proposed new rules to ensure that retirement experts have their clients’ best interests at heart. William Brangham joins Gwen Ifill to discuss.


December 7, 2015

It’s Past Time to Hold Financial Advisers Accountable

Bloomberg op-ed, former SEC Chairman Arthur Levitt Jr.

The Labor Department is attempting to update the fiduciary standard, raising the bar for any advice given by brokers working with retirement investors. If instituted, financial advisers will have to place a client’s interests above their own or those of their firm. That doesn’t seem like too hard a standard to meet, but not all […]


November 19, 2015

A New Threat to Your Retirement

New York Times, Teresa Tritch

In April, the Labor Department proposed an important rule designed to protect Americans’ retirement savings by requiring advisers to act in their clients’ best interests — and not their own. As things stand now, brokers, insurance agents and other salespeople — who often call themselves “consultants” or “advisers” — are allowed to steer clients into […]