The DOL Fiduciary Rule is Here! Are You Compliant? FPA MN can Help!

Watch FPAMN’s video session with Professor Mercer Bullard (see 3 minute preview), securities law expert at the University of Mississippi School of Law and former SEC attorney, to get to the heart of the matter on what you have to do to be in compliance with the new DOL Fiduciary rules.

No more delays. Department of Labor Secretary Acosta has decided not to delay the implementation of the DOL’s fiduciary rule beyond the current deadline.  Starting June 9th, all investment professionals providing investment recommendations on IRAs will be operating in a fiduciary capacity on those accounts.  The DOL has given everyone until January 1, 2018 to get the wrinkles ironed out before it will begin enforcing the rules.

Changes, yes. Rescind, no. While Secretary Acosta has stated that changes to the rule are still likely, the prevailing expectation is that the rule will stand.  The industry’s court challenges to the rule have gone decisively against them.  The Republican Congress is generally against the rule but rescinding is not a high priority with all that is swirling around Washington at the moment. Bottom line, it’s time to get with it and figure out what you need to do.

What do you need to know? You have gotten briefed by compliance people and endless emails offering whitepapers on the matter.  If you are like the rest of us, you are still not sure what exactly needs to be done for your office to be compliant. Lucky for you,  FPA MN has insight from Professor Mercer Bullard, securities law expert with an easy to understand explanation of DOL to help you better understand this complex rule.

An Unbiased Viewpoint. In FPA MN’s video, The New Fiduciary Landscape, Professor Mercer Bullard covers many items that Registered Reps need to review to make sure they are in compliance.  RIAs, think you are immune?  Professor Bullard says think again and lists the things RIAs need to do as well.  You can’t afford to put this off any longer.

Available now, at the FPA Virtual Learning Center.