Sen. Gary Peters brings broker background to work every day on Capitol Hill

Sen. Gary Peters, D-Mich.

Sen. Gary Peters, D-Mich., has always had some concerns about the Labor Department’s fiduciary rule, but that doesn’t mean he wants to see the Trump administration rip it up and start over.

Mr. Peters’ position represents the challenge financial industry opponents have in winning over Democrats to support legislation moving in the House that would kill the regulation. That bill and a similar measure introduced by Sen. Johnny Iskason, R-Ga., would require the votes of eight Senate Democrats to overcome a filibuster.