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Why I wasn’t surprised this was the most-read story of 2017 – Carosa

For someone covering fiduciary news exclusively, at first it seemed the state of the DOLs fiduciary rule should have been the top story. Then I saw what was and I understood.

By Chris Carosa | Updated on December 27, 2017
At first it seemed the state of the DOL’s fiduciary rule should have been the most-read story. Then I understood what was. (Photo: Shutterstock)

It was certainly the most anticipated story heading into 2017: What would the incoming President Donald Trump decide to do about the DOL’s conflict-of-interest (a.k.a., “fiduciary”) rule?

For reasons not fully expected, the Obama administration, after spending years working on it and offering a very public announcement of the rule, decided it wouldn’t become effective until the 44th president left office, giving his successor final say on its ultimate disposition.

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