01.15.19
DOL Rollover Guidance Expected After SEC Releases Reg BI
by: Melanie Waddell
The U.S. Department of Labor (DOL) is expected to propose guidance on when a rollover recommendation constitutes fiduciary advice after the SEC finalizes its Regulation Best Interest. The guidance will include an exemption for compliance with Reg BI, attorneys at Stradley Ronon predict. The attorneys, part of Stradley Ronon's Fiduciary Governance Group, wrote in a recent blog post: “We expect that the DOL will issue interpretive guidance, and propose exemptive relief, in the summer or fall of 2019” that will “most likely address the circumstances under which rollover recommendations constitute fiduciary investment advice.”
Read the full article on Think Advisor