Carnegie Investment Counsel Blog

 

The DOL’s Incredible Shrinking Fiduciary Rule

Posted by William Anderson on Apr 8, 2016 2:02:33 PM

As a follow up to our previous post "Fiduciary Rules? Or April Fools...", The Department of Labor’s regulations, aimed at curbing abusive fee practices in regards to the management of IRA, 401(k) and HSA accounts, was finally released on April 5th.  The draft regulations released for comment earlier in the year were tough, substantive and had teeth.

However, the final regulations, just released, are virtually meaningless as a consumer protection and may even be softened. 

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Topics: Fiduciary, DOL

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