House Republicans leading the charge to repeal the Labor Department’s fiduciary rule want to replace it with their own definition of a best interest standard for investment advice.
Republican proposals would allow brokers and insurance agents to sell proprietary products and earn commissions without accessing the prohibited transaction exemptions created in the fiduciary rule.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
