US Labor Dept to delay 'fiduciary' rule for 60 days pending review

By REUTERS
April 5, 2017 00:22
Breaking news

Breaking news. (photo credit: JPOST STAFF)

The US Labor Department will delay the implementation of its "fiduciary rule" by 60 days while it undertakes a review into whether the rule may hinder Americans' ability to get access to retirement investment advice, according to a filing in the Federal Register.

The Labor Department's rule, which requires brokers offering retirement investment advice to act in the best interest of their customers, has been heavily criticized by Republicans and Wall Street amid concerns it may make investment advice too costly.


Related Content

Breaking news
April 19, 2018
Iraq coordinated with Syrian government on anti-IS air strikes, says military

By REUTERS

Israel Weather
  • 15 - 30
    Beer Sheva
    18 - 25
    Tel Aviv - Yafo
  • 15 - 26
    Jerusalem
    16 - 25
    Haifa
  • 20 - 36
    Elat
    17 - 32
    Tiberias