The DOL's Fiduciary Interpretation and Exemption: Impact on Rollover Recommendations | Faegre Drinker Biddle & Reath LLP
To embed, copy and paste the code into your website or blog: On December 18, 2020, the Department of Labor published its expansion of the fiduciary interpretation and exemption for conflicted advice in the Federal Register. (Prohibited Transaction Exemption 2020-02, Improving Investment Advice for Workers and Retirees.) The exemption will be effective on February 16, 2021. The interpretation is effective immediately. Since the effective date for the exemption is after the inauguration of the Biden administration, it is almost certain that the effective date will be further delayed. During tha...
Source: jdsupra.com