EBSA News Release: March 28, 2011
US Department of Labor publishes public hearing transcript regarding proposed regulation on definition of fiduciary
WASHINGTON – The U.S. Department of Labor's Employee Benefits Security Administration announced today that they have posted online the transcript from the public hearing on defining when a person is deemed a "fiduciary" by reason of giving investment advice for a fee under the Employee Retirement Income Security Act. The transcript is posted on EBSA's webpage at http://www.dol.gov/ebsa and has been placed in EBSA's Public Disclosure Room.
As previously announced, EBSA is extending the time for submission of public comments on testimony presented at the March 1-2, 2011, public hearing to increase public participation in the regulatory process in accordance with Executive Order 13563. Interested parties are encouraged to respond regarding the comments, arguments, and information presented or submitted in connection with the hearing (or with respect to any of the previously filed public comments) on this significant regulatory initiative. The public hearing record will close on April 12, 2011, which is 15 days after the date the hearing transcript was posted.
Comments can be submitted electronically to e-ORI@dol.gov with subject line: Public Hearing on Definition of Fiduciary, or, on paper to EBSA's Office of Regulations and Interpretations, Attn: Public Hearing on Definition of Fiduciary, Room N-5655, U.S. Department of Labor, 200 Constitution Ave. NW, Washington, DC, 20210. Warning: Do not include any personally identifiable information (such as name, address, or other contact information) or confidential business information that you do not want publicly disclosed. All comments may be posted on the Internet and can be retrieved by most Internet search engines. Comments may be submitted anonymously.
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