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Cummings and Warren Highlight Financial Industry’s Contradictory Statements on Retirement Adviser Conflict of Interest Rule

Industry’s Assurances to Investors Contrast with Public Claims of Dire Consequences

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Washington, DC –(ENEWSPF)–February 11, 2016.  Today, Senator Elizabeth Warren (D-Mass.) and Representative Elijah E. Cummings (D-Md.), Ranking Member of the House Committee on Oversight and Government Reform, sent a letter to the Department of Labor (DOL) and the Office of Management and Budget (OMB) highlighting the stark difference between the financial industry’s optimistic statements to investors about the impact of the proposed Conflict of…

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