New Labor Secretary Nominee Brings Legal Mind to Fiduciary Debate
February 18, 2017 by John Hilton
Alexander Acosta, nominated Thursday to lead the Department of Labor, drew praise today as a thoughtful, experienced candidate likely to express mainstream conservative views on regulations.
In other words, the perfect labor secretary to provide swift clarity to the financial services industry on the DOL fiduciary rule.
“There isn’t much to indicate where he will stand on the fiduciary rule, except that, as a conservative, he is probably skeptical of regulation of business,” said Fred Reish of Drinker Biddle & Reath.
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