Stifel CEO Says Final DOL Rule Is ‘Less Restrictive’ Than He Feared
April 30, 2024 by Allison Bell
Two financial services company executives gave mixed reviews to the final versions of the Labor Department’s new fiduciary rule regulations in conversations with securities analysts last week.
The department posted a draft in October 2023 and published a final version of an investment advice fiduciary definition, along with guidelines applying the definition to investment advisors and independent insurance agents, in the Federal Register Thursday.
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Originally Posted at Think Advisor on April 29, 2024 by Allison Bell.
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