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| DOL's Optical Illusion – Fiduciary Investment Advice Status Stradley Ronon  [Guidance Overview] Feb. 16, 2021 "[T]he reinstatement seems to offer great relief to various financial institutions that were possibly ensnared under the DOL's tricky 2016 conflicts of interest rule ... Interpretations by the DOL over the second half of 2020 suggests it will liberally interpret (and enforce) the five-part test for when one becomes an investment advice fiduciary." |
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