Tougher DOL Fiduciary Rule May Target One-Time Transaction Fees

March 1, 2022 by Tracey Longo

Securities specialists at a prominent law firm are predicting that the U.S. Department of Labor will soon unveil a more expansive fiduciary rule for advisors.

Senior attorneys at Faegre Drinker expect the DOL will move forward with a fiduciary rule that would clarify that even advisors who engage in one-time transactions involving the rollover of retirement and IRA assets will be considered fiduciaries.

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Originally Posted at Financial Advisor on February 22, 2022 by Tracey Longo.