The Department of Labor is expected to release its revised best interest rules sometime in 2019. The DOL's latest effort to regulate the financial services industry will likely mirror the SEC's Reg BI, which was approved in June 2019. The 5th Circuit Court of Appeals’ Order vacated the Department of Labor’s original fiduciary rule in June of 2018. SMS will keep you informed of any further changes in the future.
Advisor News: New DOL Best-Interest Rules on the Way, Will Mirror SEC