News | 06.05.19
DOL's New Fiduciary Rule Will Align With SEC Reg BI: Rutledge
Preston Rutledge, head of the Labor Department's Employee Benefits Security Administration, said that Labor's upcoming fiduciary rulemaking will align with the SEC's Regulation Best Interest. Rutledge said at an event held by the Organization for Economic Cooperation and Development (OECD) that Labor will align its fiduciary rule “in order to mitigate the confusion that different regulations create,” according to a tweet from the OECD.
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