Date: July 21, 2015

Issue: Fiduciary Duty

To: The Members of the United States Congress

Filing Type: Hill

Description: Under the proposed rule, small business SEP IRA and SIMPLE IRA arrangements will become more expensive to serve, meaning that small businesses will ultimately lose access to their advisors and disproportionately bear the costs of excessive regulation. Consequently, the DOL’s proposed regulations risk hurting the very small businesses and workers they are intended to protect.

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