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Today, the U.S. Department of Labor released its highly-anticipated Final Rule and Exemptions addressing when a person providing investment advice with respect to an employee benefit plan or individual retirement account is considered to be a fiduciary under the Employee Retirement Income Security Act of 1974 ..
Today, the U.S. Department of Labor released its
highly-anticipated Final Rule and Exemptions addressing when a
person providing investment advice with respect to an employee
benefit plan or individual retirement account is considered to be a
fiduciary under the Employee Retirement Income Security Act of 1974
and the Internal Revenue Code. The new rule is expected to have
significant consequences for broker-dealers and other financial
professionals working with retirement accounts.
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