The U.S. Department of Labor plans to “push out guidance fairly shortly” to address questions about compliance with Labor’s fiduciary rule, Timothy Hauser, chief operating officer of DOL’s Employee Benefits Security Administration, said Monday.
Speaking at the Investment Management Consultants Association’s Focus on Fiduciary event in Washington, Hauser noted the technical corrections that were issued in early July regarding the fiduciary rule, adding that there will be “more guidance to follow.”
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