“A group of House Dems wrote to Labor Secretary Perez asking the department to “further refine” its new rule on fiduciary duty for investment advisors.

“Better Markets’ CEO Dennis Kelleher says the letter does not represent opposition to the rule: “We are confident that the Department will carefully consider the suggestions in this letter. However, these or similar suggestions have already been raised during the Department’s unprecedented 150 day-long comment process, which followed years of input and deliberation.”

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Read the full Politico Morning Money article by Ben White here.