Last year, President Obama’s labor secretary, Thomas Perez, successfully issued the fiduciary rule to ensure that financial advisers provide advice that is untainted by conflicts of interest. The rule is scheduled to go into effect next month.

Unfortunately, the Trump administration and Republicans in Congress are siding with Wall Street bankers over current and future retirees in an attempt to delay and destroy this rule which protects our retirement from unscrupulous financial advisers.

It’s estimated that current and future retirees lose $17 billion each year thanks to advisers who are not acting in our best interests.

Instructions

The Department of Labor is currently accepting comments to “examine” the impacts of the fiduciary rule in a thinly veiled attempt to abolish the rule. We need thousands of individuals to submit comments to protect our retirement security and keep the rule alive.

1. Fill out this form with your name and contact information.
2. Use our suggested comment language—but feel free to edit the letter to tell the DOL how eliminating the fiduciary rule will impact your retirement savings.
3. Click “Send Letter” to submit your comment directly to the Department of Labor. Please do not edit the subject line of the letter to ensure your comment is properly counted by DOL.

Note: By filling out this form, your name, address and comment will be submitted to DOL for public record and may be posted on the Employee Benefits Security Administration (EBSA) website. The deadline to submit your comment is Monday, April 17, 2017.