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    • DOL To Delay Dec. 20 Enforcement Of Investment Advice Rule

    November 2, 2021 by John Hilton

    The Department of Labor will delay full enforcement of its investment advice rule for about six weeks until Jan. 31, 2022, according to a bulletin released Monday afternoon.

    The investment advice rule has two main parts: a new prohibited transaction exemption allowing advisors to provide conflicted advice for commissions; and a reinstatement of the “five-part test” from 1975 to determine what constitutes investment advice.

    The Biden administration allowed the investment advice rule to take effect Feb. 16.

    Click HERE to read the full story via INN

    Originally Posted at InsuranceNewsNet on October 26, 2021 by John Hilton.

    Categories: Industry Articles
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