Sign on Constitution Avenue for the US Department of Labor HQ at the Frances Perkins Building in D.C.

Decoding the DOL’s New Fiduciary Rule

The Biden Administration announced last week the latest Department of Labor (DOL) amended fiduciary rule proposal that, if adopted, would dramatically impact the way independent advisors do business with any qualified money sales. The DOL’s 800-page “Retirement Security Rule” (available here) is allegedly designed to close loopholes in the current “Best Interest” regulations, including as…