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DOL will not enforce fiduciary rule during transition
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Legislation
Wednesday, May 31, 2017
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The Department of Labor’s (DOL) fiduciary rule will become applicable as scheduled, according to DOL Secretary Alexander Acosta, but enforcement won’t begin for a while yet. The agency recently published a new guidance to help firms and financial professionals with compliance. Read on to learn what Acosta had to say about the decision not to alter the rule’s applicability date, which already has been delayed once in 2017.
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