Sentences with phrase «flawed fiduciary rule»

He added that the «flawed fiduciary rule's rushed implementation would have jeopardized access to retirement advice and choice while its severe consequences and compliance burdens would have made it harder for small businesses to offer retirement plans.»

«The flawed fiduciary rule will make it harder for low - and middle - income workers to save for the future, limit the ability of individuals to receive basic financial advice, and jeopardize the creation of small business retirement plans.»

Not exact matches

Americans for Annuity Protection has engaged in active outreach to leaders of influence to establish the argument that the DOL's fiduciary rule should be returned because of the analysis performed by the department is flawed, inconclusive and arbitrary; it is not compatible with the Uniform Security Law or established insurance law, and the law has potential conflict with the Dodd - Frank requirements to the Securities and Exchange Commission (SEC) on reviewing a uniform fiduciary standard.

The Best Interest Contract Exemption is one of the most flawed parts of the Department of Labor fiduciary rule.

Johnson released in February a report titled «The Labor Department's Fiduciary Rule: How a Flawed Process Could Hurt Retirement Savers,» which stated that the DOL «disregarded concerns and recommendations» from SEC staff regarding its fiduciary ruFiduciary Rule: How a Flawed Process Could Hurt Retirement Savers,» which stated that the DOL «disregarded concerns and recommendations» from SEC staff regarding its fiduciary rufiduciary rulemaking.

Republican lawmakers and some financial firms say the fiduciary rule is deeply flawed, arguing that it will restrict options for consumers and result in some savers being denied advice on their retirements.