Fiduciary Investment Advice: Regulatory Impact Analysis under ERISA and IRC

This document is about the Department of Labor's final rule and exemptions related to regulating the provision of investment advice to retirement plans and individuals. It examines the need for regulatory action, the impact on IRA investors and ERISA-covered plan participants, the costs associated with the rule, and the expected benefits to investors. The document presents a detailed analysis of the current investment advice market, conflicts of interest, and the potential for harm to retirement investors.