Industry officials agreed Tuesday that while there could likely be a delay in the Department of Labor’s fiduciary rule, outright repeal of the rule is unlikely, so advisors and broker-dealers should continue to get ready for the April compliance date.
“I think there will be some level of delay involved” in the rule’s implementation deadline, said Blaine Aikin, head of fi360, which provides fiduciary tools and education, “but it will go into effect, largely intact.”
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