FSI Statement on DOL Secretary Acosta Confirmation Vote

Today, Financial Services Institute (FSI) President & CEO Dale Brown released the following statement after Alexander Acosta was confirmed by the Senate to be Secretary of the U.S. Department of Labor:

“We are pleased the Senate has confirmed Alexander Acosta as Secretary of the Department of Labor. We urge Secretary Acosta to make addressing the fiduciary rule a top priority. With the June 9 deadline looming, there is no time to waste in protecting retirement savers’ access to quality, affordable advice and services. We look forward to meeting with Secretary Acosta to address the concerns of our members and the retirement savers they serve.”

About the Financial Services Institute (FSI): The Financial Services Institute (FSI) is the only organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, through advocacy, education and public awareness, FSI has successfully promoted a more responsible regulatory environment for more than 100 independent financial services firm members and their 160,000+ affiliated financial advisors – which comprise over 60% of all producing registered representatives. We effect change through involvement in FINRA governance as well as constructive engagement in the regulatory and legislative processes, working to create a healthier regulatory environment for our members so they can provide affordable, objective advice to hard-working Main Street Americans. For more information, please visit financialservices.org.