Feds could include revenue-sharing exemptions in fiduciary rule

10/5/2011 | AdvisorOne

The Department of Labor's fiduciary-rule proposal will apply to individual retirement account advisers, but it could include exemptions for revenue sharing and principal transactions, Deputy Assistant Secretary Michael Davis said Tuesday. Exemptions could help alleviate advisers' concerns that the department's forthcoming rules would make it impossible for them to collect commissions.

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