While the Labor Department has promised a temporary enforcement reprieve of the fiduciary rule, that guarantee does not do enough to address potential confusion in the marketplace, say some industry stakeholders.
The U.S. Chamber of Commerce, the Securities Industry Financial Markets Association, and a consortium of other industry trade groups that are appealing a decision to uphold the fiduciary rule in the 5th Circuit Court of Appeals, have asked a Texas federal court to delay the April 10 applicability date until the appellate court rules on the case.
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