DOL delays fiduciary rule for 60 days
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.
Independent broker dealers moving toward fiduciary rule, despite DOL delay
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