DOL Releases New Guidance Extending Enforcement Relief Policy Regarding Fiduciary Rule
On May 7, 2018, the Department of Labor (the “DOL”) released new guidance further extending its temporary enforcement policy regarding the “fiduciary rule” in light of the mandate expected to be issued by the U.S. Court of Appeals for the Fifth Circuit within the next couple days vacating the fiduciary rule in accordance with its March 15, 2018 decision. Our prior client alert discussing the Fifth Circuit’s recent decision and referencing our prior client alerts regarding the fiduciary rule can be found here.