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Broad Group of Public Interest Organizations Applaud Dept. of Labor’s Push To Protect Americans’ Retirement Savings

Washington, D.C., September 17, 2014 – Millions of hardworking Americans who have spent years saving for retirement are receiving financial guidance from professional advisers who are not obligated to act in the best interest of their clients, resulting in a huge drain on retirement savings for many workers and retirees, wrote a group of leading public interest organizations in a letter sent today to members of Congress and officials in the Obama administration.