ORLANDO, Fla. The Department of Labor is pushing its fiduciary proposal hard and some industry players say it's going too fast.
"[The DOL] has announced that it will give the industry essentially eight months to implement the proposal," says David Bellaire, executive VP and general counsel at the Financial Service Institute, at Pershing's Insite 2015 conference. "Eight months is not chosen randomly," he says, explaining that this will give the Obama administration time to put the standard in place before a new administration gets elected.
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