Fiduciary rule supporters call for revisions

Even supporters of the Department of Labor's fiduciary rule have written comment letters calling for revisions. The Labor Department should "modify the scope of its definition of investment advice and certain operational aspects of the rule to protect investors in an efficient and cost-effective way while promoting access to high-quality investment advice, information and education," wrote Vanguard CEO Bill McNabb.

ThinkAdvisor (free registration) (4/18),  MarketWatch (4/18)