Los Angeles partner Fred Reish was quoted in a ThinkAdvisor article titled “DOL Fiduciary Rule Hangs in Balance as Labor Secretary Acosta Resigns.” The article examines how the DOL fiduciary rule could potentially be affected by labor secretary Alexander Acosta resigning.

Acosta’s resignation “will affect the development of any guidance that could be controversial or that could have significant consequences,” said Fred.

According to Fred, labor employees “will continue to work on regulations and other guidance.” If Acosta’s replacement “has an anti-regulatory approach, we may not see a new fiduciary regulation during this administration,” he added.

Read “DOL Fiduciary Rule Hangs in Balance as Labor Secretary Acosta Resigns.”

Source: ThinkAdvisor
Leave Drinker Biddle to Learn More