FSI Statement on Senate Confirmation of Marty Walsh for Secretary of Labor
Today, Financial Services Institute (FSI) President & CEO Dale Brown released this statement following the U.S. Senate’s vote to confirm Boston Mayor Marty Walsh as the next U.S. Department of Labor Secretary:
“We congratulate Secretary Marty Walsh on his confirmation. With increased discussions around worker classification, we encourage Secretary Walsh to preserve the independent contractor status for advisors who choose the independent model to better serve their clients and operate their own business. In addition, we look forward to engaging with the Department to ensure the success of its recent prohibited transaction exemption (PTE) for investment advice fiduciaries. This PTE is an example of how collaboration across regulatory agencies and the industry can lead to effective rulemaking that provides consistent regulatory standards and reduces confusion. We look forward to working with Secretary Walsh to address the concerns of our members and the Main Street Americans they serve.”
Related Posts
FSI Responds to DOL Publishing Its Retirement Security Rule Proposal
WASHINGTON, D.C. – Today, the U.S. Department of Labor (DOL) published its retirement security rule proposal. This proposal is the […]
Read MoreFSI Announces 2023 Advocacy Circle of Excellence Honorees and Stephen R. Kareta Excellence in Advocacy Winners
FSI’s Annual Awards Program Recognizes members for Outstanding Advocacy Engagement on Behalf of Independent Financial Services Industry and Main Street […]
Read MoreFSI Announces New Board Member, Adam Malamed
Sanctuary Wealth’s CEO brings extensive industry experience to Board The Financial Services Institute (FSI) today announced the election of Adam […]
Read More