The proposals would apply fiduciary status to one-time investment recommendations such as rollovers and annuity sales.
Tag: prohibited transaction
The rule is expected to broaden when investment advice is considered fiduciary advice under ERISA.
PTE 2020-02 cannot resolve all conflicts of interest.
The firm is experiencing a surge in B/Ds and RIAs requesting assistance with the new rule as the enforcement date approaches.
How advisers who only do rollovers would avoid prohibited transactions.
The DOL revisits the potential for adviser/client ongoing relationships.
The agency homes in on fee arrangements