"It is likely ... that the DOL will follow suit and issue a proposed regulation re-defining fiduciary advice -- perhaps more broadly than the new 5-part test, but less expansive than the Fiduciary Rule. The DOL will also need to issue prohibited transaction exemptions.... [The author believes] that the DOL exemptions will, for the most part, follow the SEC's disclosure requirements, but perhaps adding additional protections for retirement investors."  MORE >>