DOL extends comment period on fiduciary proposal

The Department of Labor has extended the public comments period on its fiduciary proposal until July 21.

Also see: DOL fiduciary rule: Everything to know during the comment period

The proposed conflict of interest rule would extend the fiduciary standard to thousands of brokers and advisers who provide investment advice to clients on retirement accounts.  

The Employee Benefits Security Administration will hold public hearings on the proposed rule Aug. 10-13 at the Cesar E. Chavez Memorial Auditorium in Washington, D.C., starting at 9 a.m. each day. For more information on how to request to testify at the hearing, click here.