House votes to block Labor’s fiduciary rule

The House voted 234-183 in favor of a resolution aimed at preventing the Labor Department from implementing a rule imposing a fiduciary duty on financial professionals giving retirement advice. President Barack Obama has said he will veto the measure if the Senate passes it. The Hill (4/28),  InvestmentNews (4/28),  Pensions & Investments (free access for SmartBrief readers) (4/28)