DOL's Fiduciary Rule - Death By a Thousand Cuts

LexisNexis" Law360 (Sept. 11, 2017) (piece co-written by the author covering many of the same topics subsequently published in Financial Times' Ignites ("Drip, Drip, Drip...The Tortuous Path of ERISA's Fiduciary Rule" (Oct. 17, 2017))

7 Pages Posted: 16 Nov 2017 Last revised: 21 Dec 2018

See all articles by Andrew L. Oringer

Andrew L. Oringer

Dechert LLP; Hofstra University - Maurice A. Deane School of Law

Date Written: September 11, 2017

Abstract

Approximately seven years after being initially proposed, the DOL's fundamental rewrite of ERISA's "investment advice" definition was finalized in 2016 to substantial controversy. While the results of the 2016 presidential election seemed to jeopardize the very survival of the rule, at the end of the day (at least so far), to the surprise of many, the basics of the rule did somehow manage to become applicable on June 9, 2017. The authors take a look at how we got to where we are, where we've gotten to, and where we may be going.

Suggested Citation

Oringer, Andrew L., DOL's Fiduciary Rule - Death By a Thousand Cuts (September 11, 2017). LexisNexis" Law360 (Sept. 11, 2017) (piece co-written by the author covering many of the same topics subsequently published in Financial Times' Ignites ("Drip, Drip, Drip...The Tortuous Path of ERISA's Fiduciary Rule" (Oct. 17, 2017)), Available at SSRN: https://ssrn.com/abstract=3064317

Andrew L. Oringer (Contact Author)

Dechert LLP ( email )

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HOME PAGE: http://www.dechert.com

Hofstra University - Maurice A. Deane School of Law ( email )

121 Hofstra University
Hempstead, NY 11549
United States

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