Tag Archives: conflicts of interest rule

DOL Seeks to Extend Transition Period under the Fiduciary Rule

By Alisha Sullivan on August 10, 2017 Posted in Uncategorized

The U.S. Department of Labor (DOL) has filed a proposal with the Office of Management and Budget (OMB) to delay implementation of the following exemptions under the fiduciary rule from January 1, 2018 to July 1, 2019: Best Interest Contract Exemption (PTE 2016-01) Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries … Continue Reading

Department of Labor Secretary Acosta Announces Partial Implementation of the Fiduciary Rule

By Alisha Sullivan on May 25, 2017 Posted in Fiduciary Duties, Pension Benefits

On May 22, 2017, Department of Labor (DOL) Secretary Alexander Acosta announced in an op-ed in the Wall Street Journal that the DOL will not issue another delay of the “fiduciary rule,” set to become generally effective on June 9, 2017. Secretary Acosta stated on Monday evening that “[w]e have carefully considered the record in … Continue Reading

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