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DOL delays fiduciary rule for 60 days

April 5, 2017 | Print this page
The Department of Labor issued a final rule on Apr. 4 postponing the applicable date for its fiduciary rule from Apr. 10 to June 9. The 60-day delay was preferable to "simply granting a flat delay of fiduciary status and all associated obligations for a protracted period," the DOL said. The DOL is accepting public comment through Apr. 17 on the examination and more general questions concerning the fiduciary rule.
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