The Final Rule: DOL Releases First FAQs Related to New Fiduciary Rule

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The Department of Labor (DOL) has released 34 FAQs providing additional guidance related to its final rule expanding the definition of an investment advice fiduciary (the Final Rule) for purposes of the Employee Retirement Income Act of 1974, as amended (ERISA). This first set of FAQs principally addresses issues under the complex of prohibited transaction exemptions (PTEs) issued or revised corollary to the final rule.

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