Big Fiduciary Rule Revamp Unlikely: Sources

May 8, 2017

Big Fiduciary Rule Revamp Unlikely: Sources

May 4, 2017 | Financial Advisors IQ

Despite continuous and ongoing attempts to repeal or replace the Department of Labor’s fiduciary rule, major changes are unlikely, an unnamed source tells the Wall Street Journal.

The DOL is presently complying with a February memorandum from President Donald Trump to review the rule, which was scheduled to go into effect last month but has been postponed at least until June, a department spokeswoman tells the paper.

Nonetheless, “it’s unlikely to get dramatically changed,” a person familiar with how the DOL works tells the Journal.

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Ramón A. Rivera-Ramos
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