By: Joseph P. Yonadi, Jr. and Nancy R. Chawla
On March 1, 2017, the Department of Labor’s (DOL) issued a proposed rule to extend the Fiduciary Rule applicability date by 60 days. The current applicability dates for the Fiduciary Duty Rule and prohibited transaction exemptions are set for April 10, 2017. The extension would move the applicability dates to June 9, 2017.
As mentioned in our previous blog post, “To Delay or Not to Delay (the Fiduciary […]