IN THE NEWS: DOL Fiduciary Rule Goes Into Effect
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IN THE NEWS: DOL Fiduciary Rule Goes Into Effect

On June 9, 2017, the Department of Labor’s regulation expanding the definition of who is a fiduciary in the context of marketing investment products to Individual Retirement Accounts and ERISA-covered pension plans went into effect. While the new rule may be subject to change to align with the new Administration’s policies, for the time being it elevates all financial professionals who work with retirement plans to the level of fiduciary, a higher level of accountability to their customers.