Not So Fast: Death of Labor Department Fiduciary Rule May Not Be Imminent

Jeff Kern, of Sheppard Mullin, explores the considerations that may not spell the imminent death of the Department of Labor rule that imposes a fiduciary standard on those who provide investment advice in connection with employer retirement plans and Individual Retirement Accounts following the election of Donald Trump to the presidency. He writes that reports of the rule's demise may be premature. Whether its death knell is sounded depends on how the new administration chooses to navigate certain political, legislative, and regulatory obstacles.

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