In the Margins
Massachusetts Democrat Sen. Elizabeth Warren has told Acting Labor Secretary Edward Hugler that financial firms back the Department of Labor's fiduciary rule. In a letter to Hugler, Warren said 21 firms have responded to her Jan. 19 letter in which she challenged 33 firms that have started to implement the regulation to resist Trump administration efforts to stop it. Read the original story from InvestmentNews.
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The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...
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