Fiduciary Rule Delay to Cost Investors $11 Billion: Economic Policy Institute

Consumer groups have come out in full force against the Labor Department’s plan to delay implementation of the fiduciary rule and potentially water it down. (Related: DOL Set for 15-Day Comment Period on Fiduciary Rule Delay) “ ‘Delay’ is just another word for ‘decimate,’” said Karen Friedman, executive vice president at the Pension Rights Center, in…