The legacy of the DOL fiduciary rule: Almost gone, but never forgotten

June 2, 2018 by Mark Schoeff Jr.

Even as the Labor Department’s fiduciary rule teeters on the edge of demise, its legacy will continue to profoundly influence how investment advice is delivered.

The regulation’s likely obituary will not be as heart-wrenching for its supporters as one might expect. Despite its sudden revocation by a three-judge panel’s split decision, after parts of the rule had been upheld in federal district courts across the country, the push the rule gave the marketplace to demand a higher investment-advice standard cannot be erased.

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Originally Posted at InvestmentNews on June 2, 2018 by Mark Schoeff Jr..