Press Releases

Waters Applauds Court Ruling Upholding Fiduciary Rule

Washington, DC, February 9, 2017

Today, in reaction to a court ruling from a Texas federal judge upholding the U.S. Department of Labor’s fiduciary rule, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:

“I'm pleased to see that for the third time our courts have upheld the Department of Labor's fiduciary duty rule so that hardworking Americans planning for retirement get the protection they deserve from unscrupulous and self-serving financial advisers. Even though Donald Trump wants to delay this protection to help out his Wall Street cronies, this latest court ruling demonstrates that the Department of Labor carefully crafted a rule that is not only constitutional, but is also in the public interest.”


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