- Joined
- Jul 12, 2013
- Messages
- 1,296
- Reaction score
- 1,066
- Location
- Mmm. Bacon.
- Gender
- Male
- Political Leaning
- Undisclosed
Lobbyist Secretly Wrote House Dems' Letter Urging Weaker Investor Protections | Mother Jones
:dohIdiots!!
Wow. Wonder how much they were making on that deal.
:dohIdiots!!
The Department of Labor, which oversees the federal law setting minimum standards for many retirement plans, would like to require retirement investment advisers to act in the best interest of their customers, as opposed to their own best interest.
But 28 out of the 43 members of the Congressional Black Caucus (CBC)—a group of African American members of Congress that advocates the interests of low-income people and minorities—signed onto a June 14 letter opposing the rule. So did Democratic lawmakers Pedro Pierluisi of Puerto Rico, Tulsi Gabbard of Hawaii, Ed Pastor of Arizona, and Jim Costa of California.
The letter's metadata indicates it was drafted by Robert Lewis, a lobbyist who works for the Financial Services Institute (FSI), an investment industry trade group.
Wow. Wonder how much they were making on that deal.