Mutual fund sales will be limited to T shares, while municipal bonds, preferred stock and international debt will be prohibited.
Once signed by governor, law will allow banks and securities firms not to process questionable transactions.
Retirement plan fee-disclosure rules from 2012 show that sponsors — and likely participants — rarely read such notifications and, if they do, don't understand them.
Put your request in writing, enlist help if needed and don't give up.
The secretary of Labor should improve the regulation, not repeal it
One of the lawyers recoving money from the Ponzi schemer has been paid nearly $40 million in fees, but has yet to distribute any money to those who got swindled.
The DOL also hinted that clean shares may offer an avenue for an additional rule exemption, potentially as a replacement or alternative to BICE.
It won't be delayed beyond June 9, but there could still be wholesale changes to the rule in the future. (<b>More:</b>​ <a href="http://www.investmentnews.com/gallery/20170523/FREE/523009998/PH" style="color:#b10816" target="_blank">DOL Fiduciary Rule: What you need to know about Acosta's decision) </a>
Many advisory firms have been progressing in changes required to meet the new regulation, despite the first delay and a broader review that continues.
Big DOL fiduciary rule news requires a big reaction &mdash; at least on Twitter. Here's what people were saying about the news that the rule will become applicable beginning June 9
Financial advisers focus on ease and mobility for customers
Firms should be ready to invest more on technologies that thwart cybercriminals
Congress might double contribution limits separately if health care bill falls apart in Senate, consultant says.
Inflation worries grow, but still rank at bottom, Fidelity says.
Five-person group based in Reading, Pa., affiliates with hybrid arm.
Former assistant Labor secretary who crafted the rule says President Trump won't be able to get rid of it simply because he doesn't like it.
It would be the ninth state to pass legislation creating a plan, and differs from other states' auto-IRA and marketplace approaches.
Finra president and chief executive Robert Cook promises organization will revisit issue.
Labor Secretary finds no legal basis to delay implementation; rule to become applicable June 9
Advisers argue they need to see participant information to do holistic planning and be fiduciaries.
