Expanded Fiduciary Rule Finalized By DOL
By EsqSocial Corporation 25/04/24
Lost amidst the hoopla of invalidated non-competes and overtime rules, the U.S. Department of Labor issued its long-awaited final fiduciary rule (the “Final Rule”) yesterday. The Final Rule is more limited in scope than the proposed rule announced in October, which we discussed here, and is likely to be scrutinized by the courts, as was the case with its 2016 predecessor. Nonetheless, the Final Rule is poised to reshape how retirement advice is provided, with substantial implications for...
By: Morris, Manning & Martin, LLP