DOL fiduciary rule: When advisers actively seek to use BICE
June 27, 2017 by Greg Iacurci
To opponents of the Department of Labor’s fiduciary rule, the best-interest contract exemption is something akin to the spawn of Satan.
This provision of the rule, which raised investment advice standards in retirement accounts, allows broker-dealers to continue providing investment advice deemed conflicted by the DOL, but under certain conditions.
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Originally Posted at InvestmentNews on June 14, 2017 by Greg Iacurci.
Categories: Industry Articles