A coalition of 18 business groups is asking the Department of Labor for a longer comment period on its proposed fiduciary rule for retirement advisors.
The groups, which include the U.S. Chamber of Commerce, Financial Services Institute, and Investment Company Institute, argue that a 60-day comment period for a major fiduciary proposal is “unprecedented,” and that the actual number of working days will be considerably shorter given that the comment period runs over multiple federal holidays.
“DOL…
Read the full article here