According to Labor's release announcing the delay, under the terms of the extension, advisors to retirement investors will be treated as fiduciaries. (Photo: AP)

The Justice Department told a federal court on Tuesday that the Office of Management and Budget has concluded its review of the Labor Department’s final rule delaying the implementation date of its fiduciary rule by 60 days — from April 10 to June 9.

Labor announced Tuesday evening its 60-day delay of the fiduciary rule. 

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