Yet Another DOL Rule Delay Paves Path for Big Changes
Jamie Patrick Hopkins
After months of speculation over the fate of the Department of Labor’s fiduciary rule, the regulator has now proposed pushing back the final implementation of the best-interest standard by 18 months, the Wall Street Journal writes. The delay will likely lead to a significant revamp of the rule, which purports to require retirement account advisors to put clients’ interests first, experts tell the paper.
Padalka, Alex, "Yet Another DOL Rule Delay Paves Path for Big Changes" (2017). In the News. 2434.