UNLOCK THE POWER OF THE VAULT

ALERT: DOL Fiduciary Rule Delay Published

August 30, 2017

ALERT: DOL Fiduciary Rule Delay Published

August 30, 2017 | FSI

United States Capitol Building, Washington, DC

 

The Office of Management and Budget has approved a proposal to delay for 18 months implementation of the remaining provisions in the Labor Department’s fiduciary rule.

The OMB made its determination on Monday and posted the decision on its website on Tuesday, taking only a fraction of the 90 days that it could have had to review the proposal, which was submitted by DOL on Aug. 9.

The delay proposal has been sent back to DOL, which is likely to release it soon for a short comment period. After reviewing the input, DOL would file a final delay rule with OMB for approval. Experts say the delay rulemaking process will likely conclude in October. The DOL did not immediately respond to a request for comment.

Read Full Article Here

 

Go Back
Blue Vault Nontraded REIT and Nontraded BDC Reviews
September 1, 2016

Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.