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DOL Cancels Earlier-Published Bush Administration Final Regulation on Investment Advice to Participants
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
[Official Guidance] Nov. 19, 2009 Excerpt (DOL press release of Nov. 19, 2009): 'The department decided to withdraw the rule based on public comments that raised sufficient doubts as to whether the conditions of the final rule and the class exemption associated with the rule could adequately protect the interests of plan participants and beneficiaries. The department recently extended the applicability and effective dates of the final rule until May 17, 2010. That extension expires upon the effective date of this withdrawal. MORE >> |
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