The Department of Labor has sent its proposed fiduciary rule to the Office of Management and Budget for review. Here's where we're going and where we've been with the proposed rule.
Amendments to the proposal published last year have likely been made, based on the thousands of comments from stakeholders generated from two comment periods and four days of open public hearings last August.
OMB must review rule - 60 to 90 days
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
