DOL Proposes New Investment-Selection Regulations, Gathers Over 45,000 Comments
The U.S. Department of Labor (DOL) has concluded a two-month comment period on its proposed investment-selection regulations, receiving approximately 45,000 responses. The majority of feedback appears favorable, with employers and fiduciaries welcoming the guidance as it aims to provide legal protection against litigation.
Topics: advisor reactions Department of Labor fiduciary duties proposed regulations