The New Fiduciary Rule (22): Can Wholesalers Become Fiduciaries
The U.S. Department of Labor has released its package of proposed changes to the regulation defining fiduciary advice and to the exemptions for conflicts and compensation for investment recommendations to retirement plans, participants (including rollovers), and IRAs (including transfers). Key Takeaways It is, by now, well known that the expansive definition of fiduciary in the […]