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Senator Elizabeth Warren Questions Validity of Industry Funded, Editorially Compromised Report Critical of Dept. of Labor’s Conflict of Interest Rule

Washington, DC –(ENEWSPF)–September 29, 2015.  United States Senator Elizabeth Warren sent a letter to the Brookings Institution regarding her concerns about the authors’ financial conflicts of interest and previously undisclosed financial industry editorial input into a study authored by a Brookings’ Nonresident Senior Fellow Dr. Robert Litan. Dr. Litan’s study was on the Department of Labor’s proposed Conflict of Interest rule, which was written to ensure that retirement advisers give investment advice that is in the best interest of their customers. Dr. Litan testified before the Senate Health, Education, Labor and Pensions (HELP) Committee in July 2015 about his study, which was critical of the DOL rule.

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