Category: fiduciary rule
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DOL Fiduciary Rule Takes Effect June 9 | PA Benefit Advisors
In an editorial in the Wall Street Journal yesterday, Department of Labor Secretary Alexander Acosta stated that the DOL’s fiduciary rule will become effective June 9, 2017. “We have carefully considered the record in this case, and the requirements of the Administrative Procedure Act, and have found no principled legal basis to change the June…
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New Administration, New Rules: “Am I a fiduciary or not?” | PA Benefit Advisors
As anticipated, and consistent with his stance on reducing government regulation, President Trump signed an executive order late last week directing a review of the retirement plan fiduciary rule (the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010). The fiduciary rule, developed under the Obama Administration, imposes strict requirements on financial advisers. The…
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