UNLOCK THE POWER OF THE VAULT

What’s New with the DOL Fiduciary Rule?

June 23, 2017

didyouknow_sponsorcorner-_blog

What’s New with the DOL Fiduciary Rule?

June 23, 2017 | by Beth Glavosek | Blue Vault 

Law gavel with dollars on wooden table background, closeup

Have you been keeping up with the status of the Department of Labor’s (DOL) Fiduciary Rule? After years of contentious debate between government regulators and financial industry professionals, the controversial ruling basically went dormant for a while after President Donald Trump took office.

Forbes reported earlier this month that the investor protection rule did go into partial effect on June 9, and that, in the transition period, the rule really has “no bite” because the Department of Labor says it won’t enforce any parts of the rule until January 1, 2018.

According to the DOL, during the phased implementation period that now ends on January 1, 2018, “The Department will not pursue claims against fiduciaries who are working diligently and in good faith to comply with the fiduciary duty rule and exemptions, or treat those fiduciaries as being in violation of the fiduciary duty rule and exemptions.”

In other words, no news is good news for those firms grappling with DOL compliance. For a complete FAQ from the DOL, you can catch up on the latest here.

201706_RecentNews_header

DOL fiduciary rule: When advisers actively seek to use BICE

DOL fiduciary: The battle is just beginning

Ameriprise Cuts Offerings Ahead of DOL Rule

LPL Caps Non-Traded REIT Pay Ahead of DOL Rule, Delays Off-Platform Fund Ban

Print Friendly, PDF & Email
Go Back
default image

The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.

Steve Siepak Director, Mutual Funds and Alternatives, National Planning Holdings, Inc. Blue Vault session at the recent National Planning Holdings National Conference September 13, 2017