Category Archives: Administration
DOL Seeks Additional Delay on Fiduciary Duty Rule and BICE
The Department of Labor (DOL) is seeking once again to delay final implementation of the Fiduciary Duty Rule and the Best Interest Contract Exemption (BICE), leading to further speculation as to whether the full Fiduciary Duty Rule or BICE will … Continue reading
Posted in Administration, Department of Labor (DOL), Fiduciary Duty Rule, Uncategorized
Tagged BICE
Leave a comment
Acosta and New DOL FAQs Confirm: Fiduciary Standard Will Take Effect June 9, But Expect Changes to the DOL Rule Before January 1, 2018
On May 22, 2017, new DOL Secretary Alexander Acosta published an Op-Ed piece in the Wall Street Journal (found here; a subscription to the Journal is required to access the piece), confirming that, as we previously suspected, the DOL will … Continue reading
Are You Ready to Comply With the DOL Fiduciary Duty Rule If It Goes Into Effect on April 10? (Part III: Your E&O Policy)
We are now two weeks from the still-current April 10 implementation date of Department of Labor’s (DOL) Fiduciary Duty Rule. The DOL is still considering a proposed 60-day delay, but that delay might not be approved before April 10. And, … Continue reading
Are You Ready to Comply With the DOL Fiduciary Duty Rule If It Goes Into Effect on April 10? (Part II: The BICE)
We are now five weeks from the still-current April 10 implementation date of United States Department of Labor’s (DOL) Fiduciary Duty Rule. Yes, a delay still seems very likely. On March 1, the DOL issued a proposed rule that would … Continue reading
Federal District Court Upholds DOL Fiduciary Duty Rule
On Wednesday, February 8, the United States District Court, Northern District of Texas upheld the Department of Labor’s Fiduciary Duty Rule. The Order may be found here. The implications of the Order are unclear, given last Friday’s Presidential Memorandum directing the … Continue reading
Update: Presidential Memorandum on the Fiduciary Duty Rule
The White House published the Presidential Memorandum on Fiduciary Duty Rule late Friday afternoon, February 3. Contrary to reports circulated prior to the Memorandum’s official publication, the President did not extend the Department of Labor’s Fiduciary Duty Rule’s April 2017 … Continue reading
Alert: DOL Fiduciary Rule On Ice
Today, February 3, after many weeks of uncertainty about the fate of the Department of Labor’s fiduciary duty rule, President Trump signed an executive order that eliminates the April 2017 applicability deadline and directs the DOL to review the rule … Continue reading
Dan Supalla
Lauren Lonergan