New DOL Fiduciary Rules Out in Next 2 Months: Attorneys
September 25, 2019 by Melanie Waddell
The Labor Department is expected to propose new fiduciary rules aligning with the Securities and Exchange Commission’s Regulation Best Interest “in the next two months,” according to attorneys at Groom Law Group.
Labor’s plan will include a comment period before being finalized. “Many in the industry would like clarity on how Regulation Best Interest and the new interpretation of solely incidental will impact ERISA fiduciary status,” Groom principals Kevin Walsh and George Sepsakos write in a recent legal brief.