Proposed DOL Regulations Expand Definition of 'Fiduciary' Related to Investment Advice

Mondaq Business BriefingUnited States Law Articles in English (2010)

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Proposed DOL Regulations Expand Definition of 'Fiduciary' Related to Investment Advice

On October 22, 2010, the DOL's Employee Benefits Security Administration (EBSA) released proposed regulations that would revise the circumstances under which a person who gives investment advice to an employee benefit plan or a plan's participants is considered to be a "fiduciary" under the...

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