Current Awareness: New DOL Fiduciary Regulation and Associated Prohibited Transaction Exemptions Video

Summary

In this video the author discusses final rules issued by the U.S. Department of Labor (DOL) on April 25, 2024, regarding the DOL's new fiduciary investment advice definition titled the ''Retirement Security Rule.'' The rule is made up of four different components and is an expansion of the types of interactions between retirement savers and financial professionals that are subject to ERISA's rules. As discussed in the video, the rule was scheduled to be effective September 23, 2024.