Brokerage, insurance firms raise concerns about DOL advice proposal
![DOL-headquarters](https://s32566.pcdn.co/wp-content/uploads/2020/07/DOL-2-951x634.jpg.optimal.jpg)
The rewrite of the vacated Obama fiduciary rule also draws criticism from investor advocates
Brokerages and insurance companies are raising concerns about a Department of Labor proposal that would set investment advice rules for retirement accounts.
The proposal would replace an Obama administration regulation the financial industry fiercely opposed and that was vacated by a U.S. 5th Cir
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