Investment Company Institute Political Action Committee Profile

Investment Company Institute Political Action Committee

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Despite delay, fiduciary rule 'already causing great harm'

By Jessica Karmasek | Friday, May 12, 2017 @ 9:18am

Last month, the U.S. Department of Labor released a measure officially delaying the implementation of the rule and its related exemptions by 60 days. The applicability date is now June 9. Some argue a longer delay is necessary, while others contend the U.S. Securities and Exchange Commission should step in and craft a better rule.