American workers saving for retirement lose out on tens of billions of dollars a year as a result of relying on investment advice from financial professionals who put their own financial interests ahead of their customers’ best interests. The Department of Labor finalized a rule over a year ago that would address this drain on Americans’ retirement savings, but some powerful financial interests who see their excess profits put at risk continue to do everything in their power to prevent the rule from moving forward. We urge members of Congress to stand with working families and retirees, who need investment advice they can trust and not just a sales pitch dressed up as advice.
