Delaying DOL fiduciary rule would give small RIAs time to comply
'A lot of smaller RIAs don’t understand the magnitude of the work necessary to comply by December,' said Brad Campbell, a former assistant Labor secretary.
Delaying the implementation of a Department of Labor investment advice rule would likely benefit small advisory firms grappling with the regulation, a former DOL official said.
Ten financial trade associations wrote to the DOL Wednesday requesting more time to prepare for the agency’s fiduciary
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