Excerpt: ERIC on October 6 submitted to the Department of Labor comments on a proposed regulation and proposed class exemption on investment advice. DOL on August 22 published in the Federal Register the proposed rule under the Pension Protection Act (PPA) along with the proposed class exemption allowing fiduciary advisers to provide investment advice to participants in 401(k) type plans and individual retirement accounts (IRAs). ERIC's comment letter addresses a number of areas of concern[.]  MORE >>