June 29, 2020
U.S. Department of Labor Proposes to Improve Investment Advice And Enhance Financial Choices for Workers and Retirees
WASHINGTON, DC – The U.S. Department of Labor today announced that it is proposing a new exemption for investment advice fiduciaries. The Department’s actions today will benefit American workers and retirees by delivering more choices for their financial future with clear standards to be upheld by investment advice providers. The proposed exemption will be published in the Federal Register for notice and comment in the near future.