In the Margins

DoL releases final fiduciary rule

April 6, 2016

By The Washington Post

The Labor Department released its long-awaited fiduciary rule on Wednesday. It would create a new standard for brokers and advisers that is stricter than the current regulations, which only require that brokers recommend products that are “suitable,” even if it may not be the investor’s best option.“This is a huge win for the middle class,” said Thomas Perez, secretary of the Labor Department. “In far too many places and on far too many issues, the rules no longer work for working people.” Read the original story from The Washington Post



Most Read