Better Markets and the Consumer Federation of America sent a letter to the full Senate the same day, arguing that the DOL rulemaking should be allowed to move forward as the “actual contents” of the DOL rule have not been made public. The discussion about the DOL rulemaking “has for the most part been based on speculation,” Barbara Roper, director of investor protection for CFA, and Dennis Kelleher, president and CEO of Better Markets, said in a letter.

Read the full Melanie Waddell article here.