DOL Asks For More Info On Fiduciary Rule

By Braden Campbell (June 30, 2017, 4:19 PM EDT) -- The U.S. Department of Labor took another step Thursday toward rescinding or adjusting a rule requiring retirement advisers to act in their clients' best interests, publishing a request for public feedback on one of the more controversial pieces of the Obama administration's regulatory legacy.

The DOL published a request for information on the so-called fiduciary rule, asking for comment from stakeholders as it weighs whether to rescind or replace it. The request does not start the rulemaking process; however, it could inform a future formal proposal to roll back the rule.

"This request for information specifically seeks public input that could...

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