I can’t figure out if the DOL’s Phyllis Borzi is tougher than the SEC’s Mary Shapiro or just smarter. The evidence can go either way. Let’s take a look.

Last week Borzi showed her toughness when she went head-to-head with opponents of the DOL’s new definition of fiduciary. She decried the conflicts-of-interest inherent among non-fiduciaries and promised to move forward despite the outrageous slings and arrows being thrown at her and her department.

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