BREAKING NEWS 8/9/17: The Department of Labor announced today that they are seeking to delay the fiduciary rule until July 2019. "In a brief filed in a Minnesota lawsuit Wednesday, the DOL indicated it had submitted to the Office of Management and Budget a proposal to delay the rule from Jan. 1, 2018, until July 1, 2019. The OMB must review and approve the proposal before it can go into effect." - InvestmentNews
More DOL Updates: The DOL Fiduciary Rule: 3 Key Issues
"As of Wednesday afternoon, the DOL delay proposal was not included on the OMB's regulatory review list. It could be posted on Thursday morning.
A DOL spokeswoman was not immediately available for comment.
In the News:
Labor Department Seeks 18-Month Delay in Fiduciary Rule - The Wall Street Journal
DOL Seeks 18-Month Delay of Fiduciary Rule - InsuranceNewsNet
DOL Seeks 18-Month Delay for Fiduciary Compliance - ThinkAdvisor