DOL

As the Securities and Exchange Commission’s (SEC) Regulation Best Interest rule comment period came to an end, the Department of Labor (DOL) was still busy planning a rewrite of their fiduciary guidance. Although the DOL’s Obama-era rule was vacated last spring by the U.S. Court of Appeals for the 5th Circuit, the agency is putting together …

DOL to Issue New Fiduciary Rule Next Year Read More »

On May 7, the Department of Labor (DOL) announced that it would allow financial advisors to continue using the temporary enforcement policy outlined in their final rule. The DOL announced the decision in the agency’s Field Assistance Bulletin No. 2018-02, where they stated that until additional guidance is issued, the rule, although not enforceable, can …

DOL to Allow Advisors to Continue Using Fiduciary Standard Read More »