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DOL Proposal Would Have Hobbled Recent Help for Investors, Fidelity Says
The Wall Street Journal; subscription may be required 
Sept. 4, 2015
"On Aug. 24, when the Dow Jones Industrial Average briefly plummeted more than 1,000 points in the first six minutes of trading, the volume of calls to Fidelity Investments' toll-free numbers was 50% higher than for a typical summer Monday.... Phone representatives generally urged investors with a long-term investment plan to 'stay the course.' But if a controversial proposal from the U.S. Labor Department had been in place, [said John Sweeney of Fidelity Investments,] call-center representatives at Fidelity and other companies would have been far more restricted in what they could say after the initial 'don't panic' to customers calling about 401(k) plans and other retirement accounts."
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