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Monday, February 23, 2015

DOL to Re-Propose Fiduciary Rule

President Barack Obama announced on Feb. 23, 2015, that a long-awaited redrafting of a Department of Labor rule requiring investment professionals to adhere to a higher standard when advising retirement plan participants was being submitted for review by the Office of Management and Budget. The review is a precondition to formally issuing a proposed rule, expected later this year.



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