Senator Kirk

Department of Labor Issues Historic Fiduciary Rule

This is the official seal of the US Department of Labor.

Woodstock, along with 3,000 others, provided the DOL with comments when the DOL proposed the rule in April of last year.  The bulk of the Fiduciary Rule takes effect on April 10, 2017.  Today, without the rule, financial professionals are able to put their own interests ahead of their customers’ interests when providing advice that customers need to make critical retirement investment decisions.  The ability of advisors to avoid fiduciary responsibility has been shown to harm consumers. 

 

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