A March 13 article in Ignites reports that The Labor Department has issued a temporary non-enforcement approach to the fiduciary rule, granting advisors a compliance grace period around the final decision on whether to adopt the delay. Tax & benefits associate Josh Lichtenstein (New York) is quoted in the article. "The bulletin does not resolve the uncertainty that firms are operating under as they evaluate whether to continue with their compliance efforts, since the questions of whether the rule will actually be delayed and of its fate after the proposed 60-day delay expires remain unanswered," stated Mr. Lichtenstein in the piece.
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