Professor Mercer Bullard was recently quoted in a New York Times article about the U.S. Department of Labor’s fiduciary rule.
In the article, Bullard stated “There is no way they can repeal the essence of the rule, which is the fiduciary standard. He will make changes around the edges,” referring to Alexander Acosta, the Labor Department Secretary.
Bullard was also featured in an article in Forbes (originally published by Legal Newsline) about the fate of the fiduciary rule prior to Acosta’s announcement that the principles of the rule would not be delayed.
“Half-a-dozen court rulings have found that the rule is well-justified,” he recently told Legal Newsline. “The DOL, in issuing this delay, is undermining the credibility of administrative law and threatening the future viability of rulemaking.”
Bullard, who has both testified about the rule and submitted various comments added “I’ve been a strong advocate of the rule since the DOL started working on it.”