DOL likely to address fiduciary rule again next year

October 23, 2018 by Mark Schoeff Jr.

The Labor Department has signaled it will address by next fall unfinished business surrounding its investment-advice rule that was killed by a federal court earlier this year.

The agency released a regulatory agenda on Thursday that indicates that it will consider “regulatory options” to respond to the U.S. Fifth Circuit Court of Appeals decision in March to vacate the rule, which would have required brokers in retirement accounts to act in the best interests of their clients. 

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Originally Posted at InvestmentNews on October 18, 2018 by Mark Schoeff Jr..