Posts Categorized: Fiduciary Issues

DOL Signals Changes to Fiduciary Rule; SEC Commissioner Calls Rule “Misguided”

in Fiduciary Issues, Fiduciary Rule

By: Sterling Perkinson and Harrison Taylor The Department of Labor (DOL) has proposed an extension of the transition period of its Fiduciary Rule from January 1, 2018 to July 1, 2019. (See our prior blog post here). At the same time, the DOL signaled that significant changes will be made to the Fiduciary Rule and/or related exemptions prior to the end of the transition period. Streamlined Exemption Anticipated. The DOL noted in the preamble to proposed regulations extending the transition period that it “anticipates it will propose in the near future a new and more streamlined class exemption built in… Continue Reading