DOL Withdraws Investment Advice Regulations

After a number of delays in the effective date, the DOL announces that it is withdrawing its final regulations governing the provision of investment advice by fiduciary advisors.

Document Excerpt

For the reasons set forth above, the publication on January 21, 2009 (74 FR 3822), of the final rule amending 29 CFR Part 2550, for which the effective and applicability date was delayed on March 20, 2009 (74 FR 11847), May 22, 2009 (74 FR 23951) and November 17, 2009, is withdrawn.

 

Link http://edocket.access.gpo.gov/2009/pdf/E9-27889.pdf

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