The Fiduciary Rule has officially gone live. The hotly debated, dubiously anticipated DOL regulation went into effect on June 9, much to the shock of financial industry professionals. Since its original April 10 implementation was postponed for a review that is still underway, many assumed more delays were inevitable, or even that the rule would be scrapped. While changes could still come about, Secretary of Labor Alexander Acosta has confirmed that there is no viable reason to further delay the rule’s phase-in. Moving forward with this legislation means significant changes for qualified retirement accounts by January 1 of next year.

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