Investment Professionals

DOL’s Proposed Advice Rule Would Leave Surrender Vulnerable Retirement Savers to Harmful and Conflicted Advice

CFA’s Director of Investor Protection Barbara Roper testified at the Department of Labor’s hearing on its proposed, anti-consumer retirement advice rule, which CFA has outspokenly opposed. The statement rebutted industry arguments regarding the impact of the proposal and exposing the lack of evidence supporting the DOL’s proposed approach.