DOL Fiduciary Rule Has Financial Service Cos. In A Flurry
Law360, New York (March 16, 2016, 12:29 PM EDT) -- Stephen M. Dollar
Ronald D. Smith
The U.S. Department of Labor recently submitted its final proposed fiduciary rule to the Office of Management and Budget, one of the last steps required to implement the controversial rule. With the measure likely to be implemented, the purpose of this article is to crystallize key points of the proposed rule, including the DOL's rationale and opposition to the rule; discuss specific, demonstrated industry impact; and discuss key steps going forward.
Consistent with many predictions, the fiduciary rule is having a significant impact. As the industry awaits the final language and likely implementation of the...
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