The leading player in the Department of Labor's effort to raise investment advice standards for retirement plans is patiently waiting on the sidelines while her boss talks to opponents of the measure. Labor Secretary Thomas Perez has been meeting with industry representatives to hear their qualms about the measure, which would expand the definition of "fiduciary" under federal retirement law to include more advisers, such as brokers who sell individual retirement accounts.
http://www.investmentnews.com/article/20141021/FREE/141029977/borzi-taking-a-back-seat-on-fiduciary
http://www.investmentnews.com/article/20141021/FREE/141029977/borzi-taking-a-back-seat-on-fiduciary
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