The Department of Labors new fiduciary rule could be released next month, however, many in the industry are anticipating more delays. I would be shocked if it happened in January, says John Ludwig, an adviser at LPL Financial.
The DOLs first proposal to broaden the definition of fiduciaries in 2010 was withdrawn after opposition from the financial industry. In May, a re-proposal slated for August was postponed until January 2015.
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