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Employee Benefits Security Administration

Conflict of Interest Proposed Rule Public Hearing

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Public Hearing Transcripts

If you want to obtain a copy of the court reporter's official transcript, you should contact Heritage Reporting Company, at (202) 628-4888. Also, please be advised that, as with all unedited transcripts, there might be errors in this transcript. Therefore, the transcript should not be quoted without checking with the speaker for confirmation of the quote.


Webcast Archive

Public Hearing Agenda


Written Testimony and Hearing-Related Materials

  1. Alicia H. Munnell, Anthony Web
    August 6, 2015
  2. AARP
    David Certner
    August 7, 2015
  3. James D. Keeney
    August 7, 2015
  4. InvestSense, LLC Forensic Fiduciary Analysis
    James W. Watkins, III
    August 7, 2015
  5. Financial Planning Coalition
    Marilyn Mohrman-Gillis, V. Raymond Ferrara
    August 10, 2015
  6. Financial Services Roundtable
    Felicia Smith
    August 10, 2015
  7. Groom Law Group Chartered
    Stephen M. Saxon, Thomas Roberts
    August 10, 2015
  8. Arthur B. Laby
    August 11, 2015
  9. Ron A. Rhoades
    August 11, 2015
  10. Jonathan Reuter
    August 11, 2015
  11. TIAA-CREF
    Edward Moslander
    August 12, 2015
  12. 3ethos
    Donald B. Trone
    August 12, 2015
  13. Investment Company Institute
    David W. Blass
    August 12, 2015
  14. Investment Company Institute
    Sean Collins
    August 12, 2015
  15. Better Markets
    Stephen Hall
    August 12, 2015
  1. Save Our Retirement
    Setting the Record Straight on the Industry's Unworkable Claims
    August 12, 2015
  2. Better Markets
    Fact Sheet: Don't Fall for SIFMA's Spin Campaign
    August 12, 2015
  3. Better Markets
    Fact Sheet: Don't Fall for Chamber of Commerce's Misleading Small Business Claims
    August 12, 2015
  4. Farmer's Insurance
    Joe Wimpee
    August 12, 2015
  5. Russell Investments
    Jean-David Larson
    August 12, 2015
  6. Pension Rights Center
    Maria Freese
    August 12, 2015
  7. America's Health Insurance Plans and Blue Cross Blue Shield Association
    Jon Breyfogle
    August 12, 2015
  8. American Bankers Association
    Gerald P. Cleary
    August 12, 2015
  9. Raymond James
    Scott Stolz
    August 12, 2015
  10. Association for Advanced Life Underwriting
    Caleb Callahan
    August 12, 2015
  11. Benjamin F. Cummings
    August 12, 2015
  12. Center for American Progress
    Joe Valenti
    August 12, 2015
  1. Mercer Bullard
    August 13, 2015
  2. National Active and Retired Federal Employees Association (NARFE)
    Richard G. Thissen
    August 13, 2015
  3. The Committee for the Fiduciary Standard
    Kathleen M. McBride
    August 13, 2015
  4. Managed Funds Association
    Stuart Kaswell
    August 13, 2015
  5. American Society of Appraisers
    Jeffrey S. Tarbell
    August 13, 2015
  6. CFA Institute
    Linda Rittenhouse
    August 13, 2015
  7. U.S. Securities Markets Coalition
    Gary Katz
    August 13, 2015
  8. PIABA
    Joseph Peiffer
    August 13, 2015
  9. PIABA Press Release
    August 13, 2015
  10. Appraisal Institute
    J. Scott Robinson
    August 13, 2015
  11. Financial Engines
    Christopher Jones
    August 13, 2015
  12. Indexed Annuity Council
    Jim Poolman
    August 14, 2015
  13. Insured Retirement Institute
    Nick Lane
    August 17, 2015
  14. Weyn LLC
    Ida Byrd-Hill
    August 18, 2015

Requests to Testify at Public Hearing

  1. American Retirement Association
    June 16, 2015
  2. Don Trone
    June 20, 2015
  3. American Society of Appraisers
    July 7, 2015
  4. Scott Puritz
    July 7, 2015
  5. Ron A. Rhoades
    July 15, 2015
  6. James D. Keeney
    July 16, 2015
  7. Voya Financial Inc.
    Sean Cassidy
    July 17, 2015
  8. Empower Retirement
    Robert Holcomb
    July 20, 2015
  9. Securities Industry and Financial Markets Association Rule
    Kenneth E. Bentsen, Jr.
    July 20, 2015
  10. Investment Company Institute Rule and Exemptions
    David M. Abbey
    July 20, 2015
  11. Investment Company Institute Regulatory Impact Analysis
    David M. Abbey
    July 20, 2015
  12. Alternative and Direct Investment Securities Association
    John P. Harrison
    July 21, 2015
  13. Consumer Federation of America
    Barbara Roper
    July 21, 2015
  14. American Bankers Association
    Timothy E. Keehan
    July 21, 2015
  15. Stifel Financial Corp.
    Ronald J. Kruszewski
    July 21, 2015
  16. The Committee for the Fiduciary Standard
    Kate McBride
    July 22, 2015
  17. Investment Program Association
    Kevin Shields
    July 22, 2015
  18. Center for American Progress
    Joe Valenti
    July 22, 2015
  19. Mercer Bullard
    July 22, 2015
  20. Fidelity Investments
    Douglas O. Kant
    July 22, 2015
  21. The Association for Advanced Life Underwriting
    Caleb J. Callahan
    July 22, 2015
  22. Public Citizen
    Bartlett Naylor
    July 22, 2015
  23. The Committee on Investment of Employee Benefit Assets
    Deborah K. Forbes
    July 22, 2015
  24. Indexed Annuity Leadership Council
    Jim Poolman
    July 22, 2015
  25. Financial Engines
    David Weiskopf
    July 23, 2015
  26. Raymond James Financial, Inc.
    Matthew Watts
    July 23, 2015
  27. Plan Sponsor Council of America
    July 23, 2015
  28. AARP
    David Certner
    July 23, 2015
  1. TIAA-CREF
    Larry M. Chadwick
    July 23, 2015
  2. Janney Montgomery Scott LLC
    Gregory B. McShea
    July 23, 2015
  3. Ida Byrd-Hill
    July 23, 2015
  4. Anthony Webb
    July 23, 2015
  5. Primerica, Inc.
    Karen Sukin
    July 23, 2015
  6. Bond Dealers of America
    Jessica Giroux
    July 23, 2015
  7. AFL-CIO
    Shaun C. O'Brien
    July 23, 2015
  8. Davis & Harman
    Kent A. Mason
    July 23, 2015
  9. The Capital Group Companies
    Jason Bortz
    July 23, 2015
  10. Jonathan Reuter
    July 24, 2015
  11. Antoinette Schoar
    July 24, 2015
  12. Michael Finke
    July 24, 2015
  13. America's Health Insurance Plans and Blue Cross Blue Shield Association
    Thomas J. Wilder
    Justine Handelman
    July 24, 2015
  14. Benjamin F. Cummings
    July 24, 2015
  15. Financial Services Institute
    David T. Bellaire
    July 24, 2015
  16. Jennifer Knoll
    July 24, 2015
  17. National Association of Insurance and Financial Advisors
    Juli McNeely
    July 24, 2015
  18. Patricia Schumacher
    July 24, 2015
  19. Financial Services Roundtable
    Richard Foster
    July 24, 2015
  20. Appraisal Institute
    July 24, 2015
  21. Hilliard Lyons
    James R. Allen
    July 24, 2015
  22. Groom Law Group
    Stephen M. Saxon
    Jennifer E. Eller
    July 24, 2015
  23. Arthur B. Laby
    July 24, 2015
  24. The SPARK Institute, Inc.
    Tim Rouse
    July 24, 2015
  25. Martin Neil Baily
    July 24, 2015
  26. Direct 401k LLC
    Claiborne B. "Chip" Morton III
    July 24, 2015
  27. The Committee of Annuity Insurers
    Joseph F. McKeever
    Michael L. Hadley
    July 24, 2015
  28. Ameriprise Financial
    Theresa Seys
    July 24, 2015
  1. U.S. Securities Markets Coalition
    Joseph P. Corcoran
    July 24, 2015
  2. Financial Planning Coalition
    Kevin R. Keller
    Lauren Schadle
    Geoffrey Brown
    July 24, 2015
  3. American Council of Life Insurers Rule and Exemptions
    James H. Szostek
    July 24, 2015
  4. American Council of Life Insurers Regulatory Impact Analysis
    James H. Szostek
    July 24, 2015
  5. Better Markets
    Dennis M. Kelleher
    July 24, 2015
  6. U.S. Chamber of Commerce Rule, Exemptions and Regulatory Impact Analysis
    Randel Johnson
    David Hirschmann
    July 24, 2015
  7. Wells Fargo & Company
    Robert J. McCarthy
    July 24, 2015
  8. Pension Rights Center
    Maria Freese
    July 24, 2015
  9. Public Investors Arbitration Bar Association (PIABA)
    Joe Peiffer
    July 24, 2015
  10. Managed Funds Association
    Stuart J. Kaswell
    July 24, 2015
  11. Securities Industry and Financial Markets Association Regulatory Impact Analysis
    Kenneth E. Bentsen, Jr.
    July 24, 2015
  12. Insured Retirement Institute
    Catherine J. Weatherford
    July 24, 2015
  13. Americans for Financial Reform
    Marcus Stanley
    July 24, 2015
  14. Franklin Square Holdings, L.P.
    Eric H. Edwards
    July 24, 2015
  15. National Active and Retired Federal Employees Association
    Richard G. Thissen
    July 24, 2015
  16. Russell Investments
    Jean-David Larson
    July 24, 2015
  17. Farmers Financial Solutions on behalf of Farmers Insurance
    Matt Gannon
    July 24, 2015
  18. RBC Capital Markets, LLC
    John Taft
    July 24, 2015
  19. Garrett Planning Network
    Sheryl Garrett
    July 24, 2015
  20. Penn Mutual Life Insurance Company
    Eileen C. McDonnell
    July 24, 2015
  21. American Benefits Council
    Lynn Dudley
    July 27, 2015
  22. CFA Institute
    James C. Allen
    August 3, 2015
  23. Joe Collins
    August 3, 2015

Submitting a Comment

To submit a comment use one of the following methods: Email: e-ORI@dol.gov and include RIN 1210-AB32 in the subject line of the message; Federal eRulemaking Portal: regulations.gov, follow instructions for submitting comments; or Mail or Hand Delivery/Courier: Office of Regulations and Interpretations, Employee Benefits Security Administration, Attn: Conflict of Interest Rule, Room N-5655, U.S. Department of Labor, 200 Constitution Avenue NW., Washington, DC 20210. The comment period will close September 24, 2015.


Requesting Copies of Documents

Copies of public documents are also available upon request from EBSA's Public Disclosure Room. Send requests for copies of documents to:

U.S. Department of Labor
Employee Benefits Security Administration
Public Disclosure Room
200 Constitution Avenue, NW, Suite N-1515
Washington, DC 20210
Tel (202) 693-8673

Learn more about how to request documents from the Department of Labor in the EBSA publication How to Obtain Employee Benefit Documents from the Department of Labor.