The agency was authorized to come up with its own fiduciary regulation in the Dodd - Frank legislation signed into law in 2010. (cnbc.com)
The DOL fiduciary regulation is «probably the most important regulatory initiative that we've had in [Washington] DC in the last 20 years,» Steve Saxon, chairman of Groom Law Group, said Tuesday during his comments at the Insured Retirement Institute's Government Legal & Regulatory conference in Washington. (thinkadvisor.com)
Nonetheless, as news emerged that the president would be speaking on the proposed fiduciary regulation, several industry trade groups issued statements expressing concern with the yet - be-published rules. (financial-planning.com)