Here’s the latest installment in the long, strange tale of the Department of Labor (DOL) fiduciary rule, originally scheduled to be phased in from April 10, 2017 to Jan. 1, 2018. As of June 21, 2018, the U.S. 5th Circuit Court of Appeals officially vacated the rule, effectively killing it.
President Trump asked for a review of the fiduciary rule shortly after taking office in 2017. First, it was delayed until June 9, 2017, including a transition period for the application of certain exemptions to the rule extending through Jan. 1, 2018.
