A New Start To An Elusive Rule?
February 10, 2021 by John Hilton
The fiduciary standard was the ideal at the center of the Obama-era Department of Labor’s Conflict of Interest Rule, so much so that it was known as the fiduciary rule.
It was struck down in court, and the Trump administration put together another rule that is not altogether loved by anyone.
Will the Biden administration scrap that one as well and resurrect the fiduciary approach? Or is the Trump rule a new starting point?