Stroock Special Bulletin
"DOL Talks Turkey on Fiduciary Rule"
Post-Thanksgiving Release Provides Leftovers for 18 Months
On November 27 – the day most people returned from a Thanksgiving weekend – the Department of Labor announced that it is extending the second applicability date for the rollout of the revised definition of investment advice fiduciary, from January 1, 2018 to July 1 of 2019.
This Stroock Special Bulletin provides a brief overview of the announcement of the delay and some highlights.