8/30/2013

All signs in Washington indicate that the Department of Labor is sticking to its plan to make its reproposed fiduciary rule public in October. The fiduciary rule's "train has left the station" and is on its way to the Office of Management and Budget, said Fred Reish, partner and chairman of the financial services ERISA team at Drinker Biddle & Reath in Los Angeles. "If the DOL has responded to the most important concerns of the private sector, then the reproposal could be less controversial than contemplated," he said.

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