Labor Dept. bulletin promises relaxed enforcement of fiduciary rule

The Labor Department issued a bulletin assuring financial professionals that enforcement of its new fiduciary rule will be limited during a "phased implementation period" that ends Jan. 1. "[T]he Department will not pursue claims against fiduciaries who are working diligently and in good faith to comply with the fiduciary duty rule and exemptions, or treat those fiduciaries as being in violation of the fiduciary duty rule and exemptions," the bulletin said.

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