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Best Interest Standard of Care for Advisors, Part 38
FredReish.comLink to more items from this source
[Guidance Overview]
Jan. 28, 2021

"[It] is highly unlikely that the PTE will be effective on February 16, if ever. That creates a situation where the expanded DOL interpretation of the definition of fiduciary advice for rollovers is probably here to stay, but the exemption for conflicted recommendations to rollover IRAs will not be effective, at least for the foreseeable future. Fortunately, the DOL has extended its non-enforcement policy on nondiscretionary fiduciary advice to December 20, 2021."

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