Over the years the Department of Labor spent developing and then reworking the fiduciary rule, Assistant Secretary Phyllis Borzi and her colleagues regularly received support from a surprising quarter – people who work for some of the companies that most vehemently fought it.
"Wherever I would go, people would come up to me, wearing name tags of companies that were wildly opposed to what we were doing, and they would say, 'You go, girl,' " Borzi told an audience at an Institute for the Fiduciary Standard event this week in Philadelphia. "And that kept us going."
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