
Fiduciary Rule Halted
March 21, 2018 2:46 pmRecently, two opposing court decisions on the DOL's 2016 fiduciary rule, which would have imposed significant burdens on financial advisers, could result in the Supreme Court taking up the rule.
Recently, two opposing court decisions on the DOL's 2016 fiduciary rule, which would have imposed significant burdens on financial advisers, could result in the Supreme Court taking up the rule.
Last week, President Trump signed a directive ordering the DOL to halt implementation of the Fiduciary Rule concerning investment advisors, which is set to take effect on April 10, 2017.
Last week, the DOL issued a final rule covering "fiduciary" investment advisors which will now be held to a higher standard than what most retirement advisers adhere to today.
NSBA has compiled a list of the key issues facing small business that Congress may address in its shortened 2016 legislative calendar.
Recently, the DOL sent its final Fiduciary Rule to the OMB for review which would could significantly increase liability risk and regulatory costs for brokers.