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Why the New DOL Fiduciary Rule Is Scarier Than Ever

DOL keeps resorting to the same script, which is to turn all agents and brokers into fiduciaries because apparently there is a lack of regulation around an industry that is otherwise awash in regulatory requirements. This is not intended to be cynical but reflects exasperation with the DOL’s 15-year fixation on extending its regulatory power through fiduciary duty.

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