Matej Kastelic
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Overview
After four days, nearly 40 hours of testimony and more than 70 speakers, the Labor Department has wrapped up the latest phase in its effort to craft and implement a new fiduciary rule governing retirement advice in America.

An array of speakers, representing plan sponsors, brokerage firms and investor advocates, weighed in on the benefits and flaws of the proposed rule.

Though listening to the sessions was sometimes akin to watching paint dry, fireworks occasionally went off as speakers gave equally grim accounts of abused investors and skyrocketing costs for clients, should the rule be implemented as is.

Here are the sharpest critiques and key takeaways:

Click here to read our full coverage of the hearings


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