Kelli Madigan talks about new fiduciary standard in IBJ
- Created: Tuesday, 12 January 2016 14:43
The U.S. Department of Labor has proposed new more stringent rules on persons giving investment advice, including retirement account advisers, brokerdealers, and insurance agents. The new rules are an expansion of the definition of “fiduciary” and a modification of the existing “fiduciary standard” under the Employee Retirement Income Security Act.
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