Home \ Keywords \ rulemaking

You are here


Wall Street Loses Again with a Victory for America’s Retirees and for Fact-Based Decision Making

Victory is sweet, but very irritating to the losers, especially if they are Wall Street’s lawyers, lobbyists and allies.  After losing every battle for the last couple of years, industry opponents of the Department of Labor’s rule requiring financial advisers to put retirement savers’ best interests first have lost yet another battle in their relentless war to kill the rule.  Putting their own interests above their clients’ best interest allows them to pocket tens of billions of dollars a year and they aren’t giving that up without a fight.