DOL Removes FAQs on Fiduciary Rule from Its Website

March 5, 2017 26 view(s)
DOL Removes FAQs on Fiduciary Rule from Its Website
With the DOL Fiduciary Rule already delayed until June 9 at the earliest, and with the rule's content and direction under review, the Department of Labor has quietly removed its FAQs titled "CONSUMER PROTECTIONS FOR RETIREMENT INVESTORS – FAQS ON YOUR RIGHTS AND FINANCIAL ADVISERS." The FAQs were just published in January 2017. Some sites still carry copies of the frequently asked questions (FAQs) on the rule. You can find the FAQs published here. The Fiduciary Rule, which was originally scheduled to take effect on April 10 before being delayed at President Trump's request, makes those who sell retirement plans responsible as fiduciaries, meaning they have to put the best interest of their clients first rather than selling the most profitable-to-them investing products.
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NOTE: The details in this blog are provided for informational purposes only. All answers are general in nature and do not constitute legal advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The author specifically disclaims any and all liability arising directly or indirectly from the reliance on or use of this blog.

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