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February 10, 2017
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Americas: Trump Orders Delay of Fiduciary Rule That Curbs Incentives


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The Trump administration today signed a directive that put the brakes on the Department of Labor’s “fiduciary rule,” which would have required anyone providing investment advice for retirement accounts, such as IRAs and 401(k)s, to be held to a “fiduciary standard” beginning April 1.

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Photo by Martin Barraud/OJO Images/Getty Images

Under the rule, advisors working under a fiduciary standard would be required to put a client’s interest first, to avoid conflicts of interest, and to disclose any potential conflicts of interest, and tell clients about commissions or incentive programs connected with the retirement products they recommend.

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