ADISA Career Center

ADISA Issues Public Comment on Delayed Implementation of DOL Fiduciary Rule

Feb 03, 2017

Today, President Donald Trump and his administration signed an executive action ordering the review of the Dodd-Frank Act. Additionally, the administration issued a directive to delay implementation of the Department of Labor’s fiduciary rule, originally scheduled to take effect on April 10. ADISA, which has advocated for a more fair and balanced rule that will protect all investors, issued the following public comment in response to the postponement of the rule:

“ADISA recognizes President Donald Trump and his administration for its decision to delay implementation of the Department of Labor’s fiduciary rule. Although well intentioned, the rule, as enacted, would harm the very people it is intended to protect – retirement savers of modest means who would find themselves unable to afford professional investment advice. We encourage the president and his administration to now move forward with a thoughtful and reasonable cross agency regulatory or legislative effort to strengthen ERISA for the ultimate protection of retirement savers in a way that preserves investor choice and access to financial advice.”

ADISA will continue to monitor the rule’s progress and take action as necessary to ensure the protection of investors and the alternative investments industry. Stay tuned for more information on how this affects you and your business.