In the Margins

DoL poised to change fiduciary rule

September 29, 2015

By InvestmentNews

The Department of Labor will make changes to a proposal to raise fiduciary standards for brokers working with 401(k) and retirement accounts. Deputy Assistant Secretary of Labor Timothy Hauser told a meeting in Washington, D.C., on Tuesday that the final rule will reflect much of the feedback received during the proposal's comment period. "We're taking every bit of it seriously," he said. Read the original story from InvestmentNews.