Sen.
The letter reads in part: "We are deeply concerned that the Department's failure to defend the rule will exacerbate confusion and uncertainty not only for consumers but also for the financial services industry. Everyone seeking help to plan for their financial future should be able to trust their financial adviser to put their family's best interests first, and the Department has an important role to play to make sure the industry lives up to that trust."
Earlier this year, two out of three judges on a panel of the Fifth Circuit held that the
Wyden was joined by Sens.
The full letter can be found here (https://www.wyden.senate.gov/download/051718-acosta-letter-fiduciary-rule).
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