Faculty Publications

Title

Under President Trump's Direction DOL Moves To Delay Fiduciary Rule

Document Type

Article

Publication Date

3-1-2017

Abstract

The Department of Labor (DOL) announced today that it is moving forward, under the direction of President Trump, with its efforts to delay the applicability date of the new fiduciary rule, which was designed to require all financial advisors providing investment advice regarding retirement savings to act in the best interest of their clients. The DOL, in its proposed rule delay, which will likely be published on March 2, 2017 in the Federal Register, seeks a 60-day delay of the fiduciary rule, currently set to start on April 10, 2017.