DOL to Re-Propose “Fiduciary” Definition Regulation in Wake of Considerable Criticism

By on November 21, 2011

by Jonathan J. Boyles, Karen A. Simonsen and Ashley McCarthy

The U.S. Department of Labor recently withdrew a proposed regulation that would have substantially expanded the definition of “fiduciary” under federal employee benefits law.  The regulation will be re-proposed in early 2012, although it is unclear whether any proposal will be finalized prior to the 2012 presidential election.

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Tags: ERISA

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