Michael Dorum

Skadden, Arps, Slate, Meagher & Flom LLP

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Department of Labor Extends Transition Period for Exemptions Under the Fiduciary Rule

On November 27, 2017, the U.S. Department of Labor (DOL) extended the transition period for its conflict of interest regulation (commonly referred to as the "fiduciary rule") until July 1, 2019....more

12/6/2017 / Best Interest Contract Exemptions , Conflicts of Interest , Department of Labor (DOL) , Employee Retirement Income Security Act (ERISA) , Fiduciary Rule , Individual Retirement Account (IRA) , IRS , Presidential Memorandum , Securities and Exchange Commission (SEC) , Trump Administration

"DOL Proposes Delay of Fiduciary Rule Applicability Date"

The Department of Labor (DOL) today announced a proposed 60-day delay of the April 10, 2017, applicability date of its conflicts of interest regulation (the so-called fiduciary rule) and related prohibited transaction...more

3/2/2017 / Best Interest Contract Exemptions , Conflicts of Interest , Delays , Department of Labor (DOL) , Fiduciary Rule , Presidential Memorandum , Public Comment , Trump Administration

Trump Directs Department of Labor to Review Fiduciary Rule

By a memorandum to the acting secretary of labor signed on Friday, February 3, 2017, President Trump formally directed the Department of Labor (Department) to review its conflict of interest regulations, the so-called...more

2/7/2017 / Department of Labor (DOL) , Fiduciary Rule , Presidential Memorandum , Secretary of Labor

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