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US Department of Labor announces proposed rule to protect retirement savers’ interests by updating definition of investment advice fiduciary

News Employment & labor English Law & Policy Updates
Date: 31st Oct, 2023 Source: US Department of Labor Country: USA Original Source

Brief

WASHINGTON – The U.S. Department of Labor today announced that its Employee Benefits Security Administration has proposed a retirement security rule updating the definition of an investment advice fiduciary under the Employee Retirement Income Security Act.Aligned with the Biden-Harris administration’s efforts to protect retirement investors, the proposal would require trusted investment advisers to adhere to

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WASHINGTON – The U.S. Department of Labor today announced that its Employee Benefits Security Administration has proposed a retirement security rule updating the definition of an investment advice fiduciary under the Employee Retirement Income Security Act.Aligned with the Biden-Harris administration’s efforts to protect retirement investors, the proposal would require trusted investment advisers to adhere to

This content is restricted.

US Department of Labor

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