Minority Reps. Raise Concerns About DOL Fiduciary Rule

Law360, New York (June 18, 2013, 5:11 PM EDT) -- Members of U.S. congressional minority caucuses on Friday expressed concerns that the U.S. Department of Labor's plan to repropose controversial regulations broadening the definition of "fiduciary" under the Employee Retirement Income Security Act could actually disadvantage those the agency is trying to help.

In a letter to the agency, representatives said one of their goals was to work together on issues that affect the minority communities they represent and that they were concerned that the reproposal of the regulations could severally limit their constituents' access to...
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