Opponents of New Retirement Rule Renew Efforts to Kill It

Joe Heider, president of Cirrus Wealth Management, is included in Yuka Hayashi’s Wall Street Journal article about opponents of the new Department of Labor fiduciary rule. “My reaction is a mixed bag. They certainly loosened up a lot of the areas that people thought were going to be most restrictive. Still, [the rule] introduces another level of governmental bureaucracy, paperwork, a higher cost of doing business, and in the end, I’m not sure who it benefits besides class-action attorneys,” he says.