Trump DOL Fiduciary Rule to Take Effect Tuesday

February 17, 2021 by Melanie Waddell

The Labor Department said Friday that its fiduciary prohibited advice exemption to align with the Securities and Exchange Commission’s Regulation Best Interest will go into effect Tuesday.

Labor’s Employee Benefits Security Administration’s PTE, called “Improving Investment Advice for Worker & Retirees,” is “broadly aligned” with Reg BI, according to the Employee Benefits Security Administration.

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Originally Posted at ThinkAdvisor on February 12, 2021 by Melanie Waddell.