Matt Arnold Meets with Lawmakers on Capitol Hill
During their time at Capitol Hill, members of FSI met with their elected officials to discuss issues related to the U.S. Department of Labor’s pending fiduciary rule and the devastating effects it could have on small investors and the industry.
“At Financial Achievement Services (FAS), we specialize in helping people in all stages of life and all types of financial situations navigate their life events and invest in the future they envision,” commented Matt Arnold, FAS president and owner. “The Department of Labor’s new fiduciary rule would make it very hard to provide investors with access to affordable, objective financial advice. It was an honor to stand before members of Congress and their staff to discuss the benefits of preserving small investor access to professional financial guidance.”
On Tuesday, May 28, 2014, one week after the meetings, the Department of Labor announced that it would be pushing back its fiduciary rulemaking from August 2014 to January of 2015.