Fiduciary Rule Spares Salespeople, But Lawyers Urge Caution
April 30, 2024 by Nate DiCamillo
The Department of Labor‘s final Retirement Security rule, released last week, exempts industry salespeople from its definition of an investment advice fiduciary under the Employee Retirement Income Security Act, or Erisa, and the Internal Revenue Code.
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This story originally ran in Financial Advisor IQ sister publication FundFire.
Originally Posted at Financial Advisor IQ on April 26, 2024 by Nate DiCamillo.
Categories: Industry Articles