A group of "Main Street" financial advisors has formed to fight the Department of Labor's proposed fiduciary rule.
The new group, the Coalition to Protect Retirement Security and Choice, characterizes itself as "a partnership of local financial advisors, insurance agents, and life insurance companies" that "are working to fix a proposed regulation from Washington that would make it harder and more expensive for average Americans to get trusted savings advice and financial solutions as they plan for retirement."
This coalition is led by "nine local advisors who serve as Co-Chairs," and it is sponsored by the American Council of Life Insurers.
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