White House Meetings Mark Final Step Before New DOL Fiduciary Rule

October 24, 2023 by Patrick Donachie

Industry and investor protection advocates alike are meeting with the White House Office of Management and Budget about the Labor Department’s latest iteration of its fiduciary rule, one of the final steps before it can be finalized and released for public comments.

Since the rule was delivered to the OMB in early September, organizations from the Securities Industry Financial Markets Association and Financial Services Institute to the Institute for the Fiduciary Standard and the Consumer Federation of America, have held meetings with OMB and DOL officials concerning the new rule, according to OMB records.

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Originally Posted at Wealth Management on October 19, 2023 by Patrick Donachie.