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No Delay of June 9 Applicability Date; Additional Guidance Issued on Fiduciary Rule
McGuireWoods Link to more items from this source
[Guidance Overview]
May 25, 2017

"Secretary Acosta's article states that although courts have upheld the fiduciary rule as consistent with Congress's delegated authority, the rule as-written may not align with President Trump's deregulatory goals. Consequently, he indicates that the DOL has concluded that it is necessary to seek additional public input on the entire rule. And, importantly, he specifically invites the [SEC] to move forward in its own rule-making, in light of its critical expertise in this area."

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