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.
The secretary of Labor should improve the regulation, not repeal it
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.
The DOL also hinted that clean shares may offer an avenue for an additional rule exemption, potentially as a replacement or alternative to BICE.
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.
Many advisory firms have been progressing in changes required to meet the new regulation, despite the first delay and a broader review that continues.
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>
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
Congress might double contribution limits separately if health care bill falls apart in Senate, consultant says.
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.
Inflation worries grow, but still rank at bottom, Fidelity says.
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.
Labor Secretary finds no legal basis to delay implementation; rule to become applicable June 9
Tons of 401(k) advisers will be prone to litigation come June, and advisers need to know where the pitfalls lie and how best to protect themselves.
In a potential indication of how judges will rule in the other university lawsuits, Emory and Duke will have to defend allegations that using multiple record keepers breaches their fiduciary duty.
Sens. Murray, Warren, Booker and interest groups say that the labor secretary has only met with opponents of the regulation.
Five states have vowed to forge ahead with plans to create retirement programs, but the president's actions may slow development in other states.
Uncertainty around the rule may be contributing to tentativeness from advisers and distributors.
