The information contained on these pages is provided for historical context.
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- Definition of the Term "Fiduciary" & Related Exemptions
- Definition of the Term “Fiduciary” and Related Exemptions – Extension of Transition Period
- Definition of the Term “Fiduciary” and Related Exemptions - Request for Information
- Definition of the Term "Fiduciary" & Related Exemptions – Delay of Applicability Dates
- Federal Register Notice - Final
- Federal Register Notice - Proposed
- Public Comments
- Enforcement Policies
- Presidential Memorandum on the Fiduciary Duty Rule
- Final Rule
- Best Interest Contract Exemption (Corrected) - Vacated by Court Order
- Best Interest Contract Exemption - Vacated by Court Order
- Class Exemption for Principal Transactions (Corrected) - Vacated by Court Order
- Class Exemption for Principal Transactions - Vacated by Court Order
- Amendment to PTE 75-1, Part V* - Vacated by Court Order
- Amendments to and Partial Revocation of PTEs 86-128 and 75-1* - Vacated by Court Order
- Amendments to Class Exemptions 75-1, 77-4, 80-83 and 83-1* - Vacated by Court Order
- Amendment to and Partial Revocation of PTE 84-24 - Vacated by Court Order
- Proposed Best Interest Contract Exemption for Insurance Intermediaries - Withdrawn
* See Federal Register Notice – Final for all amended applicability dates.
- Conflict of Interest Rule and Exemptions FAQs
- Regulatory Impact Analysis
- Definition of the Term "Fiduciary" & Related Exemptions – Proposed Extension of Transition Period
- Definition of the Term "Fiduciary" & Related Exemptions – Request for Information
- Definition of the Term "Fiduciary" & Related Exemptions – Proposed Delay of Applicability Dates
- Best Interest Contract Exemption for Insurance Intermediaries
- Conflict of Interest Proposed Rule
- Conflict of Interest Exemptions - Proposals
- Additional Regulatory Impact Analysis Documents
- Documents Related to Final Rule
- Do Financial Advisers Influence Savings Behavior?
Jeremy Burke and Angela A. Hung, 2015 | Report - Financial Advice Markets: a Cross-Country Comparison
Jeremy Burke and Angela A. Hung, 2015 | Report - Effective Disclosures in Financial Decision Making
Angela A. Hung, Min Gong, and Jeremy Burke, 2015 | Report - Comments on a Review of a White House Report on Conflicted Investment Advice
Constantijn W.A. Panis, 2015 | Report - ICI Letter to Supplement Comment, 2015
Brian Reid and Sean Collins - Rates of Return of Broker-Sold and Direct-Sold Mutual Funds
Karthik Padmanabhan, Constantijn Panis, and Timothy J. Tardiff, 2016 | Report - Review of Selected Studies and Comments in Response to the Department of Labor's Conflict of Interest 2015 Proposed Rule and Exemptions
Karthik Padmanabhan, Constantijn Panis, and Timothy J. Tardiff, 2016 | Report - Labor Cost Inputs Used in the Employee Benefits Security Administration, Office of Policy and Research's Regulatory Impact Analyses and Paperwork Reduction Act Burden Calculations, 2016
- Do Financial Advisers Influence Savings Behavior?
- Requests for Supplemental Information
- Proposed Rule
- Documents Related to Proposed Rule
- Classifying Portfolio Volatility
Michael J. Brien and Constantijn W.A. Panis, 2013 | Full Report - Impacts of Conflicts of Interest in the Financial Services Industry
Jeremy Burke, Angela A. Hung, Jack W. Clift, Steven Garber, and Joanne K. Yoong, 2014 | Full Report - UK RDR and US Fiduciary Reforms 2014 | Letter from David Geale, UK Financial Conduct Authority, Head of Savings, Investments, & Distribution, to Joseph Piacentini, EBSA Chief Economist
- Review of Study by Quantria Strategies, LLC
Constantijn W.A. Panis, 2014 | Memorandum - Financial Asset Holdings of Households in the United States: 2014 Update
Constantijn W.A. Panis and Michael J. Brien, 2014 | Full Report - 401(K) Plans: Response to Statements Concerning GAO's March 2013 Report on Rollovers in Quantria Report
U.S. Government Accountability Office, 2014 | Letter from Charles A. Jeszeck, Director, GAO Education, Workforce, and Insurance Security Team to the Honorable George Miller, Ranking Member, House Committee on Education and the Workforce - Trust and Financial Advice
Jeremy Burke and Angela A. Hung, 2015 | Full Report - Potential Economic Effects on Individual Retirement Account Markets and Investors of DOL's Proposed Rule Concerning the Definition of a 'Fiduciary'
Steven Garber, Jeremy Burke, Angela Hung, and Eric Talley, 2015 | Full Report
- Classifying Portfolio Volatility
- Documents Related to Final Rule
2017
- The Ability of Investors to Time Purchases and Sales of Mutual Funds
Karthik Padmanabhan, Constantijn W.A. Panis and Timothy J. Tardiff, 2017 | SEC Cover Memo and Full Report
2016
- Financial Asset Holdings of Households in the United States in 2013
Constantijn W.A. Panis and Michael J. Brien, 2016 | Abstract | Full Report - Rates of Return of Broker-Sold and Direct-Sold Mutual Funds
Karthik Padmanabhan, Constantijn Panis, and Timothy J. Tardiff, 2016 | Abstract | Report - Review of Selected Studies and Comments in Response to the Department of Labor's Conflict of Interest 2015 Proposed Rule and Exemptions
Karthik Padmanabhan, Constantijn Panis, and Timothy J. Tardiff, 2016 | Abstract | Report
2015
- Do Financial Advisers Influence Savings Behavior?
Jeremy Burke and Angela A. Hung, 2015 | Report - Effective Disclosures in Financial Decision Making
Angela A. Hung, Min Gong, and Jeremy Burke, 2015 | Report - Financial Advice Markets: a Cross-Country Comparison
Jeremy Burke and Angela A. Hung, 2015 | Report - Comments on a Review of a White House Report on Conflicted Investment Advice
Constantijn W.A. Panis, 2015 | Report - Potential Economic Effects on Individual Retirement Account Markets and Investors of DOL's Proposed Rule Concerning the Definition of a 'Fiduciary'
Steven Garber, Jeremy Burke, Angela Hung, and Eric Talley, 2015 | Full Report - Trust and Financial Advice
Jeremy Burke and Angela A. Hung, 2015 | Full Report - Brokerage Accounts in the United States
Constantijn W.A. Panis and Michael J. Brien, 2015 | Abstract | Full Report
2014
- Impacts of Conflicts of Interest in the Financial Services Industry
Jeremy Burke, Angela A. Hung, Jack W. Clift, Steven Garber, and Joanne K. Yoong, 2014 | Full Report - Review of Study by Quantria Strategies, LLC
Constantijn W.A. Panis, 2014 | Memorandum
2013
- Classifying Portfolio Volatility
Michael J. Brien and Constantijn W.A. Panis, 2013 | Full Report