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DOL Fiduciary Rule Delayed by 60 Days

Posted in Broker-Dealer Regulation, Investment Adviser Regulation

Late in the day on April 4, 2017, the Department of Labor (“DOL”) made publicly available its final rule, extending by 60 days the implementation of its fiduciary rule adopted in April 2016 (the “Fiduciary Rule”).  The final rule is expected to be published in the Federal Register on April 7, 2017, and will become effective immediately upon publication, one business day before the Fiduciary Rule was scheduled to become applicable.

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