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'Poof, It's Gone!' DOL Quietly Strips Two Heavy Lifts from the Fiduciary Rule as It Makes Delay Official
RIABiz Link to more items from this source
Apr. 6, 2017

"In a move that took even seasoned ERISA attorneys by surprise, the [DOL] extracted the teeth from the fiduciary rule until Jan. 1, 2018. In making official its 60-day delay until June 9, the DOL eliminated its two most stringent requirements -- namely the need to declare fiduciary status to clients and the associated need to disclose specific conflicts of interest."

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