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Agency Action on Fiduciary Definition Delayed (Again)
Squire Patton Boggs Link to more items from this source
June 11, 2014
"During his confirmation hearings last year, U.S. Labor Secretary Thomas Perez had promised to meet with stakeholder groups who have been involved in this rulemaking process. Some view the delay as an opportunity for the Secretary to do so.... [T]he delay may be attributable to the need to fine-tune and work through the technical and complex provisions of the rule -- particularly efforts to ensure that the rule does not make it difficult for small retirement accounts and small businesses to get access to investment assistance."

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