DOL fiduciary timetable would depend on SEC under bill

06/17/2013 | AdvisorOne

The Retail Investor Protection Act would require the Labor Department's fiduciary proposal to be released 60 days after the Securities and Exchange Commission version of the rule. The bill is expected to be marked up by the House Financial Services Committee. It is part of an effort to ensure that the SEC and Labor Department move slowly on a fiduciary standard, industry experts said.

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