Compliance and Regulatory Alerts | 01-04-24
NASAA Publishes New Comment Letter on DOL Rule
NASAA has published a new Comment Letter to the DOL Regarding Retirement Security Rule: Definition of an Investment Advice Fiduciary. Specifically, the letter is in support of eliminatiing of the five-part test under the
1975 rule for determining when a securities registrant acts as an investment advice fiduciary for ERISA purposes.