Best Interest Standard of Care for Advisors #84: Compliance with PTE 2020-02: Special Issues: Monitoring
Key Takeaways The DOL has issued FAQs that generally explain PTE 2020-02 and the expanded definition of fiduciary advice. The DOL’s expanded definition of fiduciary advice was described in the preamble to PTE 2020-02. The PTE then provides conditional relief for conflicted non-discretionary recommendations, if its conditions are satisfied. This article discusses whether the DOL’s […]