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DOL’s fiduciary rule’s definitions applied as of June 9th

On  June 9th , the fiduciary rule's amended definition of fiduciary advice will first apply and the BIC Exemption and Principal Transactions Exemption will become available to fiduciary advisers. At the outset, however, and for a transition period extending until January 1, 2018, fewer conditions will apply to financial institutions and advisers that seek to … Continue reading DOL’s fiduciary rule’s definitions applied as of June 9th →

DOL’s Fiduciary Rule Transition Period Ends

Impartial Conduct Standards During the transition period, financial institutions and advisers must comply with the "impartial conduct standards" which are consumer protection standards that ensure that advisers adhere to fiduciary norms and basic standards of fair dealing. The standards specifically require advisers and financial institutions to: Give advice that is in the "best interest" of … Continue reading DOL’s Fiduciary Rule Transition Period Ends →

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