Opponents troubled by mere 60-day delay of DOL fiduciary rule

April 5, 2017 by Mark Schoeff Jr.

Financial industry opponents of the Department of Labor’s fiduciary rule can’t seem to get what they want when it comes to stopping the measure.

On Tuesday, the agency released a final rule that delays implementation of the fiduciary regulation for 60 days, pushing it from April 10 to June 9. In doing so, however, it indicated that the two provisions that were due to become applicable next week — one expanding the definition of fiduciary for advisers to retirement accounts and another outlining impartial conduct standards — will go into force in June.

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Originally Posted at InvestmentNews on April 5, 2017 by Mark Schoeff Jr..