Senators raise alarms about shelving retirement advice rule
Three U.S. Democratic Senators on Friday raised concerns over the possibility that President Donald Trump's administration will permanently shelve the "fiduciary rule," aimed at preventing brokers from recommending inappropriate retirement investments.The most senior Democrat on the Senate committee overseeing pensions, Washington's Patty Murray, and two of the party's liberal stars who advocated for the rule, Cory Booker and Elizabeth Warren, wrote to newly confirmed Labor Secretary Alexander A
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