Fiduciary Rule Delayed

[This article was archived on 6/9/2017.]

Fiduciary RuleThe Department of Labor (DOL) recently announced that it will delay the implementation of the Fiduciary Rule by 60 days—from April 10, 2017, to June 9, 2017—while it reviews the legal and economic impact of the Rule in response to an executive memorandum from President Trump and considers making revisions to the Rule or rescinding it altogether.

In addition to the 60-day delay, the DOL stated that the Rule's other regulatory requirements to provide disclosures and written representations of compliance to investors will generally not apply until January 1, 2018, the date the DOL expects to complete its review.

We will provide updates to you regarding the DOL's review of the Rule and any changes to the Rule as a result of the DOL's review.

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