Key Words: Fraudulent public comments on fiduciary rule are prevalent on Labor Department website

The Frances Perkins Building in the Capitol Hill neighborhood of Washington serves as the headquarters of the Department of Labor.

‘I am disgusted that people can post comments using my name.’

That’s a Chester County, Pa., salesman, after being notified by a pollster working for the Wall Street Journal that comments had been submitted to the Department of Labor regarding its so-called fiduciary rule in his name.

What he supposedly said but didn’t — his fake views, if you will — was this: “I do not need, do not want and object to any federal interference in my retirement planning.”

FA Center: Still wondering what the fiduciary rule is? You’re not alone

Some 40% of those surveyed by Mercury Analytics, according to the WSJ Pro report, reported that the comments attributed to them were not in fact posted by them, creating, in many instances, as in the case of the Philadelphia-area sales representative, the impression that the taxpayers in question supported a rollback of a rule requiring investment advisers who handle retirement accounts to act in the best interest of their clients, which was crafted under the Obama administration. The fiduciary rule is slated to take effect in 2019.

The Labor Department, according to the Journal, is the fifth agency identified as having posted unauthorized public comments online. It is a felony, the report notes, to submit fraudulent statements or representations to the federal government.

Read on: Fraudulent public comments stacked deck for FCC repeal of net neutrality, according to a Pew study — and Patty Duke’s son

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